on Applied Minerals, Inc. (NASDAQ:AMNL)
Applied Minerals, Inc. Seeks Approval for Disclosure Statement Amid Bankruptcy Proceedings
Applied Minerals, Inc., currently undergoing Chapter 11 bankruptcy proceedings since November 2024, has filed a motion with the United States Bankruptcy Court in Utah to approve its Disclosure Statement. This request, submitted on April 11, 2025, includes approval of solicitation procedures and associated deadlines.
The company has outlined its proposed Disclosure Statement, detailing procedures for the reorganization plan. Key requests include approving the form and adequacy of the statement, setting a date for a confirmation hearing, and procedures for tabulating votes on the plan. Additionally, there are deadlines for submitting objections to the motion by April 24, 2025.
A hearing regarding the motion is scheduled for May 6, 2025. Interested parties are advised to check the Bankruptcy Court's website for participation details.
R. H.
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