Atlas Mining Company Reports On Timber Operations.Business Editors OSBURN, Idaho--(BUSINESS WIRE)--Sept. 20, 2002 Atlas Mining Company (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ALMI ALMI Application Level Multicast Infrastructure ALMI Automated Listing and Mapping Instrument (US Census Bureau) ) reports that it should receive net revenues of approximately $125,000 from logging efforts this year. Atlas timber manager, Randy Mattson, owner of Northwest Cat and Line, reported that he had contracted to sell logs to a mill in St. Regis, Montana St. Regis is a census-designated place (CDP) in Mineral County, Montana, United States. The population was 315 at the 2000 census. Geography St. Regis is located at (47.299477, -115.100277)GR1. , which will bring net revenues after all logging and hauling costs to the company of $145 per thousand board feet. Mattson further reported that the area being logged holds approximately 900,000 board feet. Atlas management is pleased to take advantage of the current high prices in the lumber market. William T. Jacobson, President of Atlas, explained that, "The lumber market has been strong so far in 2002, due to the demand in the building industry and a decrease of Canadian lumber into the States. This sale is another step toward our goal of becoming 'a total resource company.' " Atlas controls approximately 1,000 acres in northern Idaho, containing approximately 2 million board feet of timber, and is in negotiations to acquire additional properties in the area. The company, through its timber manager, works with state and federal agencies to insure it is managing its resources properly. In June of 2002, Atlas reseeded harvested land with over 5,000 seedlings on its property above the Atlas Mine in Shoshone County, Idaho Shoshone County is a county located in the U.S. state of Idaho. The county was established in 1864. It was named for the Indian tribe. As of the 2000 Census the county had a population of 13,771 (2005 estimate: 13,157) [1]. The county seat is Wallace6. . About Atlas Mining Company Atlas Mining Company is an exploration stage natural resource and mining company with an underground mining contracting business. Atlas Mining has mining and timber properties located in the Silver Valley of Shoshone County, in North Idaho. Atlas Mining also has interest in a halloysite clay property in Juab County, Utah Juab County is a county located in the U.S. state of Utah. As of 2000 the population was 8,238, and by 2005 had been estimated at 9,113. It was named from an Indian word meaning thirsty valley, or possibly only valley. . Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement -- As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company's ability to execute its business model and strategic plans; and the risks described from time to time in the Company's SEC filings. |
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