from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A monoclinic-domatic mineral containing aluminum, hydrogen, oxygen, and silicon.
from the GNU version of the Collaborative International Dictionary of English
- n. A claylike mineral, occurring in soft, smooth, amorphous masses, of a whitish color.
from The Century Dictionary and Cyclopedia
- n. A clay-like, earthy mineral with waxy or dull luster, white or slightly colored, and having a conchoidal fracture. It is a hydrous silicate of aluminium.
The Company's halloysite nanotube HNT products involve filling HNTs with active agents for use in the polymer composites, health and beauty, household product, and agrichemical industries.
Zeitoun, President and CEO of Applied Minerals, Inc., stated: This financing further enhances the Company's ability to realize its goal of commercializing the Dragon Mine halloysite property.
(OTCBB: NNAN) (FWB: N3N) develops and commercializes products and solutions for extended release attributes for consumer goods as well as polymer additives based on naturally occurring nanomaterials from halloysite.
NaturalNano holds and licenses more than 25 patents and its applications, as well as proprietary know-how for extraction, classification, and modification of non-toxic and environmentally friendly halloysite natural tubules (HNT).
In addition to serving the traditional halloysite markets for use in technical ceramics and catalytic applications, the company has targeted niche applications that they feel will benefit from the tubular morphology of their Halloysite.
Applied Minerals Inc, formerly the Atlas Mining Company, is the producer of halloysite clay from their wholly owned Dragon Mine Property in Utah.
Under the agreement, NaturalNano will purchase certain polyketone polymers exclusively from OPM and, using its Pleximer technology, produce polyketone-halloysite compounds which it will sell exclusively to OPM.
"Companies are paying more attention to our specialized technology of halloysite tubes which are natural occurring, non-toxic, and environmentally friendly and importantly, are not carbon based.
The unique properties of halloysite in NaturalNano's Pleximer product have solved this problem for us. "
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