{"schema_version":"secwatch.filing_event.v1","accession":"0001575872-23-000707","form_type":"8-K","ticker":null,"cik":"0000008328","company_name":"Applied Minerals, Inc.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.389513+00:00","generated_at":"2026-06-15T05:21:15.889429+00:00","sec_items":["2.04"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Applied Minerals receives default notice on $31.3M Series A Notes","bullets":["Failed to make principal and interest payment on 10% PIK-Election Convertible Notes due May 1, 2023.","Outstanding principal and interest totaling approximately $31.3 million are immediately due.","Event of Default triggered under section 7(a) of the Series A Notes.","Notice of Default received from holders on May 5, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001575872-23-000707","json":"https://secwatch.observer/filing/0001575872-23-000707.json","markdown":"https://secwatch.observer/filing/0001575872-23-000707.md","text":"https://secwatch.observer/filing/0001575872-23-000707.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8328/000157587223000707/0001575872-23-000707-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8328/000157587223000707/amnl-20230505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T05:21:15.889429+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"987575171af77d014b02bff2bb2c7865d4a1f788","claim":"Applied Minerals, Inc. faced acceleration on convertible notes of approximately $31.3 million with holders of its 10% PIK-Election Convertible Notes due May 1, 2023 at 10% maturing May 1, 2023.","evidence_excerpt":"On May 5, 2023, the Company received a Notice of Default from holders of its 10% PIK-Election Convertible Notes due May 1, 2023 (\"Series A Notes\"). The Company failed to make payment of principal and interest under the terms of the Series A Notes, which have a Stated Maturity Date of May 1, 2023, thereby causing an Event of Default under section 7(a) of the Series A Notes. Under the Event of Default, all outstanding principal and interest of the Series A Notes, totaling approximately $31.3 million, are immediately due.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8328/000157587223000707/0001575872-23-000707-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"approximately $31.3 million"},{"label":"Counterparty","value":"holders of its 10% PIK-Election Convertible Notes due May 1, 2023"},{"label":"Rate","value":"10%"},{"label":"Maturity","value":"May 1, 2023"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}