Atlas Mining Enters into Agreement with a Major Industrial Producer to Share Technical Information.Business Editors OSBURN, Idaho--(BUSINESS WIRE)--Oct. 21, 2003 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) ) is pleased to announce that it has signed an agreement with a major industrial producer to share technical information regarding its Dragon Mine Halloysite Clay Project and to explore other business relationship possibilities. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. company sources, Atlas has entered into an agreement with a world-renowned industrial minerals producer that specializes in mining and processing rare minerals. It will commence with Atlas providing geological information on the Dragon Mine and will likely be followed by additional technical exchanges. If the project is found to meet the investment criteria of the counter party, then more advanced, business-related discussions will ensue. Atlas President Bill Jacobson commented, "Our dialogue is in a preliminary phase, but this agreement is an encouraging first step. Although our current intention remains to bring the Dragon Mine into production ourselves, we recognize that a relationship with a global industrial minerals producer could provide immediate and tangible benefits to the company and its shareholders. Any operational agreements that we ultimately pursue must sufficiently reward Atlas shareholders to obtain our consideration." Please visit the Atlas website at www.atlasmining.com for more information. Atlas Mining Company is a diversified natural resources company with its primary focus on the development of the Dragon Mine 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. , the only known commercial source of halloysite clay outside of New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . The purity and quality of halloysite from the Dragon Mine is unmatched anywhere in the world and has spawned considerable research into new applications for this unique product. Atlas also holds mining and timber interests in northern Idaho, and operates an underground mining contracting business. Atlas stock trades on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol "ALMI". 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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