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Atlas Mining and NanoDynamics Establish Strategic Relationship


Cooperation to Focus on the Development of High
Value Applications for Microtubules

OSBURN, Idaho, Jan. 5 /Xinhua-PRNewswire-FirstCall/ -- Atlas Mining Company (OTC Bulletin Board: ALMI - News), a rapidly growing natural resource and mining company, announced today it has entered into a strategic relationship to develop high value applications for the unique hollow microtubules currently being produced at the Dragon Mine in Juab County, Utah. NanoDynamics, a leading nanotechnology company headquartered in Buffalo, NY, will begin purchasing Halloysite clay from Atlas immediately in order to create commercial applications for this novel material. Historically, halloysite has been used in the manufacturing of bone china, fine china, and porcelain products. However, over the past year, researchers and scientists, including Dr. Ron Price of the Office of Naval Research, have discovered new uses for the processed mineral. The Dragon Mine halloysite also has a unique tubular quality, not unlike a grain of rice, only considerably smaller and hollow. The halloysite microtubules can act as a time-release capsule, dissolving over time, and can be filled with such things as antifouling paint, antiscalants, herbicides, pest repellents, and other agents which could benefit from a controlled release.

"We are very excited about the prospects for this unusual material," commented Dr. Alan Rae, Vice President of Market and Business Development for NanoDynamics. "The recent commercial introduction of nano-clay based plastic composites into the automotive, sporting goods, and defense sectors bodes extremely well for the future use of halloysite. We believe that the high aspect ratio will offer plastic composite manufacturers new performance possibilities when designing composites for structural applications. The most recent market data indicates that the automotive industry has embraced nanoclay composites for exterior structural applications and we believe that halloysite offers potential cost and performance advantages over existing reinforcements. We look forward to developing these and numerous other uses for the Atlas material."

Bill Jacobson, President of Atlas Mining added: "The outstanding technical expertise, advanced materials experience, and commercialization strategy of NanoDynamics made them an ideal partner to advance the development and use of our halloysite microtubules. Close customer interaction and applications engineering is required to achieve success with new materials and new markets and we were impressed with how rapidly NanoDynamics has moved other nanomaterials into the marketplace. We are very hopeful about the possibilities this arrangement will offer."

About Atlas Mining Company:

Atlas Mining Company is a diversified natural resource company with its primary focus today on the development of the Dragon Mine in Juab County, Utah, the only known commercial source of Halloysite clay outside of New Zealand. The unique purity and quality of the Dragon mine Halloysite is unmatched anywhere in the world and has spawned considerable research into new and exciting applications for this product. Atlas also holds mining and timber interests in Northern Idaho, operates an underground mining contracting business, and is continuously looking for new opportunities in the mining and natural resources industry. Atlas stock trades on the OTC Bulletin Board under the symbol "ALMI". More information about Atlas Mining Company can be found at http://www.atlasmining.com.

About NanoDynamics, Inc.:

NanoDynamics, Inc. is a leading company in the field of nanotechnology and manufacturer of superior nanomaterials that will dramatically improve the form, function and performance of a wide range of both industrial and consumer products. The Company is uniquely positioned, utilizing proprietary and protected technologies, to commercially manufacture economical, high quality nanomaterials that will enable revolutionary advancements in industries including electronics, semiconductors, consumer products, fuel cells, transportation, energy and biotechnology. For further information, please visit the Company's website at http://www.nanodynamics.com.

 



Source: Atlas Mining Company


 

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This story has been adapted from a news release -
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