EX-99.1
2
ex99-1.htm
ATLAS MINING CO PRESS RELEASE
ex99-1.htm
Exhibit
99.1
Atlas
Mining Company Announces Non-Core Asset Sale Update
Osburn,
Idaho, April 17, 2009 - Atlas Mining Company (OTC: ALMI) announced today it
entered into an agreement with AAMCOR LLC of North Salt Lake, UT through which
AAMCOR LLC will purchase certain non-core equipment from the Company for
$300,000 and will act as the exclusive agent for the sale of other non-core
equipment deemed unnecessary for the commercialization of the Dragon Mine
property.
The
proceeds generated both from the sale of equipment to AAMCOR LLC and the
recent sale of the Hagby 1000 Drill have provided the Company with over
$360,000 of additional liquidity. The agreement with AAMCOR will
enable management to continue to focus its attention primarily on the
commercialization of the Dragon Mine property. The Company continues
to market certain of its non-core mining claims and other assets.
All
inquiries regarding the Company's non-core mining equipment available for sale
should be directed to Mr. Harley Bradbury of AAMCOR LLC (www.aamcor.com) at
(801) 298-0719 or
harleycoint@bigplanet.com
. A
list of the equipment available for sale is included on the Atlas Mining Company
press release dated March 25, 2009.
Contact:
Atlas
Mining Company
Chris
Carney, Interim CFO
(208)
556-1181

EX - 99 . 1 2 ex99 - 1 . htm ATLAS MINING CO PRESS RELEASE ex99 - 1 . htm Exhibit 99 . 1 Atlas Mining Company Announces Non - Core Asset Sale Update Osburn , Idaho , April 17 , 2009 - Atlas Mining Company ( OTC : ALMI ) announced today it entered into an agreement with AAMCOR LLC of North Salt Lake , UT through which AAMCOR LLC will purchase certain non - core equipment from the Company for $ 300,000 and will act as the exclusive agent for the sale of other non - core equipment deemed unnecessary for the commercialization of the Dragon Mine property . The proceeds generated both from the sale of equipment to AAMCOR LLC and the recent sale of the Hagby 1000 Drill have provided the Company with over $ 360,000 of additional liquidity . The agreement with AAMCOR will enable management to continue to focus its attention primarily on the commercialization of the Dragon Mine property . The Company continues to market certain of its non - core mining claims and other assets . All inquiries regarding the Company 's non - core mining equipment available for sale should be directed to Mr . Harley Bradbury of AAMCOR LLC ( www.aamcor.com ) at ( 801 ) 298 - 0719 or harleycoint@bigplanet.com . A list of the equipment available for sale is included on the Atlas Mining Company press release dated March 25 , 2009 . Contact : Atlas Mining Company Chris Carney , Interim CFO ( 208 ) 556 - 1181
O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O