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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
8328	Applied Minerals Inc.	AMNL	Gold And Silver Ores (1040)	820096527

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1414860	Ibs Capital Llc	One International Place 31St Floor Boston MA 02110		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2014-06-30	540,000	$0.83	22,331,153	No	4	S	Indirect	See Notes.
Common Stock	Acquisiton	2014-06-30	342,350	$0.83	22,331,153	No	4	P	Indirect	See Notes.
Common Stock	Acquisiton	2014-06-30	197,650	$0.83	22,331,153	No	4	P	Indirect	See Notes.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Notes.
No	4	P	Indirect	See Notes.
No	4	P	Indirect	See Notes.

Footnotes

On June 30, 2014, The IBS Opportuntiy Fund, Ltd. ("Opportunity Fund") sold 342,350 shares of AMNL common stock to The IBS Turnaround Fund (QP) (A Limited Partnership) ("QP Fund") and 197,650 shares of AMNL common stock to The IBS Turnaround Fund (A Limited Partnership) ("LP Fund"). After completion of these transactions, IBS Capital LLC ("IBS Capital") indirectly beneficial owed 22,331,153 shares of AMNL common stock which consisted of (i) 13,284,670 shares of AMNL common stock directly beneficially owned by QP Fund, (ii) 6,451,889 shares of AMNL common stock direcly beneficially owned by LP Fund and (iii) 2,594,594 shares of AMNL common stock directly benefically owned by Opportunity Fund.
IBS Capital is the general partner of QP Fund and LP Fund and is the investment manager of Opportunity Fund.
The reported securities are directly beneficially owned by QP Fund, LP Fund and/or Opportunity Fund. The reporting person disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest therein.