0001575872-22-001194 Sample Contracts

GENERAL WARRANTY DEED
Applied Minerals, Inc. • November 30th, 2022 • Mining & quarrying of nonmetallic minerals (no fuels)

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 Mini

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FIRST AMENDMENT TO MILL SALE AGREEMENT
Mill Sale Agreement • November 30th, 2022 • Applied Minerals, Inc. • Mining & quarrying of nonmetallic minerals (no fuels)

This First Amendment to Mill Sale Agreement is ("Mill Amendment ") is made and entered into as of the _______ of July, 2022 by and between APPLIED MINERALS INC., a Delaware corporation, with a mailing address of 1200 Silver City Road, PO Box 432, Eureka, Utah 84628 ("AMI"), and Brady McCasland, Inc., ("BMI”), a Missouri corporation having its principal place of business at 16640 Chesterfield Grove Road, Suite 170, Chesterfield, MO 63005.

Sample 1
SALE AGREEMENT (Mill and Related Equipment) Applied Minerals, Inc. and Brady McCasland, Inc.
Agreement • November 30th, 2022 • Applied Minerals, Inc. • Mining & quarrying of nonmetallic minerals (no fuels) • Utah
Sample 1
FIRST AMENDEDMENT TO MILLING OPERATIONS AGREEMENT
Milling Operations Agreement • November 30th, 2022 • Applied Minerals, Inc. • Mining & quarrying of nonmetallic minerals (no fuels)

This First Amendment to Milling Operations Agreement is made and entered into as of the __ of July, 2022 by and between APPLIED MINERALS INC., a Delaware corporation, having its principal place of business at 1200 Silver City Road, PO Box 432, Eureka, Utah 84628 ("AMI"), and BRADY MCCASLAND, INC., ("BMI”), a Missouri corporation having its principal place of business at 16640 Chesterfield Grove Road, Suite 170, Chesterfield, MO 63005.

Sample 1
FIRST AMENDEDMENT TO MINING OPERATIONS AGREEMENT
Mining Operations Agreement • November 30th, 2022 • Applied Minerals, Inc. • Mining & quarrying of nonmetallic minerals (no fuels)

This First Amendment to Mining Operations Agreement is made and entered into as of the __ of July, 2022 by and between APPLIED MINERALS INC., a Delaware corporation, having its principal place of business at 1200 Silver City Road, PO Box 432, Eureka, Utah 84628 ("AMI"), and BMI MINERALS COMPANY ("BMC”), a Missouri corporation having its principal place of business at 16640 Chesterfield Grove Road, Suite 170, Chesterfield, MO 63005.

Sample 1
GROUND LEASE
Ground Lease • November 30th, 2022 • Applied Minerals, Inc. • Mining & quarrying of nonmetallic minerals (no fuels) • Utah

This GROUND LEASE ("Lease") is made and entered into as of the of July 2022 by and between APPLIED MINERALS INC., a Delaware corporation, with a mailing address of 1200 Silver City Road, PO Box 432, Eureka, Utah 84628 ("Landlord"), and BMI MINERALS COMPANY, ("Tenant”), a Missouri corporation having its principal place of business at 16640 Chesterfield Grove Road, Suite 170, Chesterfield, MO 63005.

Sample 1
MILLING OPERATIONS AGREEMENT Applied Minerals, Inc. and Brady McCasland, Inc.
Milling Operations Agreement • November 30th, 2022 • Applied Minerals, Inc. • Mining & quarrying of nonmetallic minerals (no fuels) • Utah
Sample 1
MINING OPERATIONS AGREEMENT Applied Minerals, Inc. and BMC Minerals Company Exhibits
Mining Operations Agreement • November 30th, 2022 • Applied Minerals, Inc. • Mining & quarrying of nonmetallic minerals (no fuels) • Utah

This OPERATIONS AGREEMENT ("Mining Operations Agreement") is made and entered into as of the day of _______ 2022 by and between APPLIED MINERALS INC., a Delaware corporation, with a mailing address of 1200 Silver City Road, PO Box 432, Eureka, Utah 84628 ("AMI"), and BMI MINERALS COMPANY, ("BMC”), a Missouri corporation having its principal place of business at 16640 Chesterfield Grove Road, Suite 170, Chesterfield, MO 63005.

Sample 1
FIRST AMENDEDMENT TO IRON SALE AGREEMENT
Iron Sale Agreement • November 30th, 2022 • Applied Minerals, Inc. • Mining & quarrying of nonmetallic minerals (no fuels)

This First Amendment to Iron Sale Agreement ("Iron Amendment") is made and entered into as of the __ of July, 2022 by and between APPLIED MINERALS INC., a Delaware corporation, with a mailing address of 1200 Silver City Road, PO Box 432, Eureka, Utah 84628 ("AMI"), and BMI MINERALS COMPANY, ("BMCO”), a Missouri corporation having its principal place of business at 16640 Chesterfield Grove Road, Suite 170, Chesterfield, MO 63005.

Sample 1
IRON SALE AGREEMENT Applied Minerals, Inc. and BMC Minerals Company (Iron Oxide Minerals, Iron Oxide Rights and AMI Stock)
Iron Sale Agreement • November 30th, 2022 • Applied Minerals, Inc. • Mining & quarrying of nonmetallic minerals (no fuels) • Utah

This AGREEMENT ("Iron Sale Agreement") is made and entered into as of the 31st of May, 2022 by and between APPLIED MINERALS INC., a Delaware corporation, with a mailing address of 1200 Silver City Road, PO Box 432, Eureka, Utah 84628 ("AMI"), and BMI MINERALS COMPANY, ("BMC”), a Missouri corporation having its principal place of business at 16640 Chesterfield Grove Road, Suite 170, Chesterfield, MO 63005.

Sample 1
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