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Applied Minerals, Inc. – ‘10-Q’ for 9/30/22 – ‘EX-10.10’

On:  Wednesday, 11/30/22, at 8:53am ET   ·   For:  9/30/22   ·   Accession #:  1575872-22-1194   ·   File #:  0-31380

Previous ‘10-Q’:  ‘10-Q’ on 8/22/22 for 6/30/22   ·   Latest ‘10-Q’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/30/22  Applied Minerals, Inc.            10-Q        9/30/22   72:11M                                    DataTracks Svcs Ltd./FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   4.39M 
 2: EX-10.1     Material Contract                                   HTML     77K 
11: EX-10.10    Material Contract                                   HTML     73K 
 3: EX-10.2     Material Contract                                   HTML     73K 
 4: EX-10.3     Material Contract                                   HTML     74K 
 5: EX-10.4     Material Contract                                   HTML     65K 
 6: EX-10.5     Material Contract                                   HTML     31K 
 7: EX-10.6     Material Contract                                   HTML     35K 
 8: EX-10.7     Material Contract                                   HTML     22K 
 9: EX-10.8     Material Contract                                   HTML     22K 
10: EX-10.9     Material Contract                                   HTML    117K 
16: EX-95       Mine-Safety Disclosure                              HTML     20K 
12: EX-31.1     Certification -- §302 - SOA'02                      HTML     23K 
13: EX-31.2     Certification -- §302 - SOA'02                      HTML     23K 
14: EX-32.1     Certification -- §906 - SOA'02                      HTML     19K 
15: EX-32.2     Certification -- §906 - SOA'02                      HTML     19K 
22: R1          Cover Page                                          HTML     66K 
23: R2          Consolidated Balance Sheets                         HTML    126K 
24: R3          Consolidated Balance Sheets (Parenthetical)         HTML     42K 
25: R4          Consolidated Statements of Operations               HTML     86K 
26: R5          Consolidated Statements of Changes in               HTML    110K 
                Stockholders' Deficit                                            
27: R6          Consolidated Statements of Cash Flows               HTML    124K 
28: R7          Organization and Description of Business            HTML     58K 
29: R8          Going Concern and Basis of Presentation             HTML     25K 
30: R9          Basis of Reporting and Significant Accounting       HTML     75K 
                Policies                                                         
31: R10         Leases                                              HTML     93K 
32: R11         Deposits                                            HTML     43K 
33: R12         Notes Payable                                       HTML     80K 
34: R13         Convertible Debt                                    HTML    135K 
35: R14         Stockholders' Equity                                HTML     42K 
36: R15         Options and Warrants to Purchase Common Stock       HTML    268K 
37: R16         Per Share Data                                      HTML     25K 
38: R17         Subsequent Events                                   HTML     26K 
39: R18         Basis of Reporting and Significant Accounting       HTML     99K 
                Policies (Policies)                                              
40: R19         Basis of Reporting and Significant Accounting       HTML     38K 
                Policies (Tables)                                                
41: R20         Leases (Tables)                                     HTML     96K 
42: R21         Deposit (Tables)                                    HTML     42K 
43: R22         Notes Payable (Tables)                              HTML     74K 
44: R23         Convertible Debt (Tables)                           HTML    109K 
45: R24         Options and Warrants to Purchase Common Stock       HTML    262K 
                (Tables)                                                         
46: R25         Organization and Description of Business (Details   HTML     94K 
                Textual)                                                         
47: R26         Basis of Reporting and Significant Accounting       HTML     30K 
                Policies (Details)                                               
48: R27         Basis of Reporting and Significant Accounting       HTML     28K 
                Policies (Details Textual)                                       
49: R28         Leases (Details)                                    HTML     25K 
50: R29         Leases (Details 1)                                  HTML     35K 
51: R30         Leases (Details 2)                                  HTML     35K 
52: R31         Leases (Details Textual)                            HTML     23K 
53: R32         Deposits (Details)                                  HTML     25K 
54: R33         Notes Payable (Details)                             HTML     29K 
55: R34         Notes Payable - Summary of Note Payable (Details)   HTML     24K 
                (Parenthetical)                                                  
56: R35         Notes Payable (Details Textual)                     HTML     69K 
57: R36         Convertible Debt (Details)                          HTML     41K 
58: R37         Convertible Debt (Details 1)                        HTML     34K 
59: R38         Convertible Debt (Details Textual)                  HTML     96K 
60: R39         Stockholders' Equity (Details Textual)              HTML     89K 
61: R40         Options and Warrants to Purchase Common Stock       HTML     42K 
                (Details)                                                        
62: R41         Options and Warrants to Purchase Common Stock       HTML     41K 
                (Details 1)                                                      
63: R42         Options and Warrants to Purchase Common Stock       HTML     40K 
                (Details 3)                                                      
64: R43         Options and Warrants to Purchase Common Stock       HTML     51K 
                (Details 4)                                                      
65: R44         Options and Warrants to Purchase Common Stock       HTML     58K 
                (Details Textual)                                                
66: R45         Per Share Data (Details Textual)                    HTML     29K 
67: R46         Subsequent Events (Details Textual)                 HTML     43K 
70: XML         IDEA XML File -- Filing Summary                      XML    111K 
68: XML         XBRL Instance -- amnl-20220930_htm                   XML   1.90M 
69: EXCEL       IDEA Workbook of Financial Reports                  XLSX    116K 
18: EX-101.CAL  XBRL Calculations -- amnl-20220930_cal               XML    105K 
19: EX-101.DEF  XBRL Definitions -- amnl-20220930_def                XML    827K 
20: EX-101.LAB  XBRL Labels -- amnl-20220930_lab                     XML    989K 
21: EX-101.PRE  XBRL Presentations -- amnl-20220930_pre              XML    903K 
17: EX-101.SCH  XBRL Schema -- amnl-20220930                         XSD    161K 
71: JSON        XBRL Instance as JSON Data -- MetaLinks              348±   508K 
72: ZIP         XBRL Zipped Folder -- 0001575872-22-001194-xbrl      Zip    396K 


‘EX-10.10’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

Exhibit 10.10

 

RECORDING REQUESTED BY

AND WHEN RECORDED RETURN TO:

 

Richard Fox

BMI Minerals Company

16640 Chesterfield Grove Road

Chesterfield, MO 63005

  

(Space Above For Recorder's Use)

 

GENERAL WARRANTY DEED

 

For good and valuable consideration, APPLIED MINERALS, INC., a Delaware corporation, with a mailing address of 1200 Silver City Road, PO Box 432, Eureka, Utah 84628 (Grantor”) hereby grants and warrants to BMI MINERALS COMPANY, a Missouri corporation having its principal place of business at 16640 Chesterfield Grove Road, Suite 170, Chesterfield, MO 63005 (“Grantee”) the one hundred percent (100%) interest in and to the Iron Oxide Minerals and the Iron Oxide Rights together with any and all interests, rights and appurtenances thereto located on or within those certain patented and unpatented mining claims, located in Juab County, State of Utah, as more particularly described on attached Schedule A (the "Mining Claims"), TO HAVE AND TO HOLD the Iron Oxide Minerals and the Iron Oxide Rights, together with all tenements, hereditaments, and appurtenances thereunto belonging, unto the Grantee, and its successors and assigns, forever. Iron Oxide Minerals means the iron oxide within the Mining Claims but shall exclude iron oxide intermingled with any economically recoverable deposit of Halloysite. Iron Oxide Minerals do not include any iron oxide in surface piles of minerals described in Note 10 to the financial statements in the Annual Report on Form 10-K for the year ended December 31, 2020. The Iron Oxide Minerals and the Iron Oxide Rights are the dominant estate. Iron Oxide Rights means rights reasonably necessary or useful for (i) access to (ingress and egress) to the Mining Claims, exploration for, drilling, mining, crushing, permitting, producing, removing, processing, bagging, testing, analyzing, storing in bags, piles, or otherwise (including the creation of waste piles), handling treating, disposing, containing, selling, vehicle parking for third party suppliers and others, communications equipment used for, and shipping of Iron Oxide Minerals and non-Iron Oxide Minerals intermingled with Iron Oxide Minerals or whose removal is deemed by Grantee as necessary or desirable in order to accomplish any of the foregoing and (ii) the construction, repair, and/or use of buildings, sheds, fixtures, equipment, and personal property or similar in connection with any of the foregoing. To the extent that any of the Iron Oxide Rights may be deemed to be an easement, it is the intention of the Parties that such be deemed easements of necessity and to run with the land.

 

The undersigned represents and warrants that he/she has the right, power, legal capacity and authority to enter into and perform this General Warranty Deed. The undersigned further hereby acknowledges and affirms to the below named Notary Public that the undersigned appeared bef01'e such Notary Public and either executed this General Warranty Deed before such Notary Public or acknowledged to such Notary Public that the undersigned executed this General Warranty Deed, and that the undersigned executed this General Warranty Deed for the purposes stated in it.

 

DATED this _____day of July 2022

  

 C: 
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  APPLIED MINERALS INC., a
  Delaware corporation
  By:  
  Name:  
  Title:  
     
State of New York             )    
     
County of New York ____ )    

  

On the     day of July in the year 2022 before me, personally came Christopher Carney to me known, who, being by me duly sworn, did depose and say that he resides ________________ (if the place of residence is in a city, include the street and street number, if any, thereof); that he is the president of the Applied Minerals, Inc., the corporation described in and which executed the above instrument; that he signed his name(s) thereto by like authority of the board of directors of said corporation

 

   

 

 C: 
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Schedule A

 

Mining Claims

 

Unpatented Mining Claims:

 

Certain unpatented mining claims located in Juab County, State of Utah, as more particularly described as follows:

 

Claim Names   IMC Numbers
     
Am Fraction #1   UMC420562
Am Fraction #2   UMC420563
Am Fraction #3   UMC420564
Am Fraction #4   UMC420565
Am Fraction #5   UMC420566
Am Fraction #6   UMC420567

  

Patented Mining Claims:

 

Certain patented mining claims situated in Juab County, State of County, as more particularly described as follows:

 

Township 10 South, Range 2 West, SLBM

 

   Survey No.   Section   Property No   Unit No   Acreage 
                     
Black Dragon Cons.   49    30    51905    59887    3.640 
                          
Black Dragon   79    31    33525    59887    1.495 
                          
Cross Dragon   80    31    24755    59887    1.515 
                          
Reverse   81    31    51930    59887    2.468 
                          
Iron Clad   82    19    51926    59887    4.669 
                          
Contest   83    31    51923    59887    1.284 
                          
Elsie   84    31    24761    59887    3.000 
                          
Govenor [sic]   85    29    51911    59887    6.880 
                          
Brooklyn   86    31    51904    59887    5.023 
                          
King James   87    31    24657    59887    5.157 
                          
Nom de Plume   117    30    51929    59887    5.327 

 

 C: 
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June Rose   136    31    51927    59887    2.230 
                          
Martha Washington #2   137    31    51915    59887    5.420 
                          
Silver Coin   144    31    51919    59887    6.340 
                          
Roadside   150    31    51931    59887    6.800 
                          
Rattler   151    31    51917    59887    9.950 
                          
Elsie No. 2   222    31    51909    59887    5.140 
                          
Great Whel Vor   298    31    51925    59887    19.834 
                          
Reverse #2   333    31    51916    59887    1.792 
                          
Cygnet   334         24756    59887    19.400 
                          
Snap Dragon   3195    31    51932    59887    3.770 
                          
Willie Gundry   3240    31    51922    59887    8.051 
                          
Tina   3254    31    51934    59887    0.583 
                          
Sunny Side   3782    31    24760    59887    6.460 
                          
Brooklyn No. 2   3783    31    51905    59887    2.428 
                          
Guardian   3852    31    51912    59887    15.140 
                          
Mary   3873    31    51916    59887    8.570 
                          
Frankie #1   4109    31    24303    59887    13.260 
                          
Frankie #2   4110    31    51910    59887    16.520 
                          
Frankie #3   4111    31    51921    59887    11.843 
                          
White Dragon   4163    30    51933    59887    0.534 
                          
June   4519    30    51913    59887    4.647 
                          
Daisy   4519    30    51997    59887    4.626 
                          
Dew Drop   4519    31    51924    59887    13.734 
                          
Turk   4519    29    24759    59887    6.674 
                          
Eastern   4519    30    51908    59887    6.846 
                          
March   4519    29    51928    59887    16.542 

 

 C: 
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Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:11/30/22
For Period end:9/30/22NT 10-Q
12/31/2010-K,  8-K
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