secwatch.observer — SEC 8-K summary
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Issuer:     Applied Minerals, Inc. (—)
CIK:        0000008328
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001575872-23-000707
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

Applied Minerals receives default notice on $31.3M Series A Notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8328/000157587223000707/0001575872-23-000707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8328/000157587223000707/amnl-20230505.htm
  HTML page:      https://secwatch.observer/filing/0001575872-23-000707

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