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The Board of Directors of Atlas Mining Company (OTCBB:ALMI), is pleased to announce the appointment of Robert L. Dumont as the Company's new President and CEO and a member of the Board of Directors. Mr. Dumont brings a wealth of mining and financial expertise to Atlas, having spent over 20 years in senior positions with both financial institutions and natural resource companies.
Mr. Dumont most recently served as Executive Vice President, Business Strategies and Development and acting Chief Financial Officer at Idaho General Mines, Inc. Mr. Dumont holds a Bachelor of Science degree in Mining Engineering from the University of Idaho. Mr. William Jacobson, who has successfully guided the Company's development over the past 11 years, will remain as the Chairman of the Board.
Mr. Jacobson said, "I am very pleased that someone of Robert Dumont's character and talent is joining Atlas. His experience and abilities will serve the Company well as it moves to its next stage of development. Mr. Dumont will focus his efforts on the continued development of the Company's nanotechnology business and the Dragon Mine halloysite deposit, as well as growing the Company's mining business."
Mr. Dumont added, "I obviously see a great opportunity in Atlas Mining Company. I believe the company is poised for growth and that the Dragon Mine represents a unique combination of natural resource and technology potential that can create significant value for shareholders. Given the global demand for natural resources, I also believe this is an excellent time to be in the mining services industry and that our underground contract mining business also has strong growth potential. I very much look forward to working with Bill and his team."
About Atlas Mining Company
Atlas Mining Company is a diversified natural resource company with focus on the development of the Dragon Mine in Juab County, Utah, the only known commercial source of halloysite clay outside of New Zealand. The unique purity and quality of the Dragon Mine halloysite is unmatched anywhere in the world and has spawned considerable research in the nanotechnology fields and has created exciting new applications for this product. Atlas also holds mining and timber interests in Northern Idaho, operates an underground mining contracting business, and holds interests in copper and gold properties in Newfoundland. Atlas stock trades on the OTC Bulletin Board under the symbol “ALMI”. More information about Atlas Mining Company can be found at http://www.atlasmining.com .
Safe Harbor Statement: Except for the historical statements made herein, the statements made in this release are forward-looking statements. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. Atlas Mining Company undertakes no duty to update these forward-looking statements.
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Atlas Mining Company
William T Jacobson
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