Applied Minerals agrees further halloysite distribution partnerships

By Kasia Patel
Published: Monday, 21 December 2015

KODA to sell products in eastern US; adds to agreements across country.

Applied Minerals Inc. signed an additional distribution agreement for halloysite clay from its Dragonite mine in Utah, US in early December, with KODA Distribution Group.

The company will represent Applied Minerals as its exclusive sales distributor for Dragonite halloysite clay in the east of the US and Ribelin in the southeast.

KODA includes the EW Kaufmann and Ribelin subsidiaries and is a leading distributor of speciality chemical products to the coatings, adhesives, sealants and elastomer (CASE) markets, in addition to construction, personal care and pharma industries.

"Based on our expertise and experience, we are confident about opening new markets and applications for Dragonite halloysite clay," the president of KODA CASE, Dan Gruber, said.

Applied Minerals’ CEO, Andre Zeitun, added: "We look forward to partnering with [KODA] as we continue to execute our growth strategy. With the addition of KODA we have implemented a distribution network that covers the entire US, a significant feat for a company our size."

The distribution agreement follows previous distribution announcements from Applied Minerals. Earlier this month Applied Minerals partnered with Brandt Technologies for the distribution of its halloysite clay and iron oxide for the US Midwest region.

In Mid-November the company received an initial order for Dragonite for use in a speciality zeolite molecular sieve.