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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current Assets  
Cash and cash equivalents$ 2,158,034$ 1,642,340
Accounts receivable76561,275
Mining supplies inventory03,503
Deposits and prepaids249,828178,738
Total Current Assets2,408,6271,885,856
Property and Equipment  
Land and tunnels523,729523,729
Land improvements164,758164,758
Buildings432,997432,997
Mining equipment940,129588,523
Milling equipment336,146333,483
Laboratory equipment67,72867,728
Office furniture and equipment34,64327,419
Vehicles86,62375,013
Less: Accumulated Depreciation(665,334)(481,364)
Total Property and Equipment1,921,4191,732,286
Other Assets  
Assets held for sale445,180450,042
Deferred financing cost133,165146,939
Total Other Assets578,345596,981
TOTAL ASSETS4,908,3914,215,123
Current Liabilities  
Accounts payable and accrued liabilities426,998266,139
Liabilities from discontinued operations01,152
Stock awards payable130,00080,000
Current portion of notes payable200,557206,209
Current portion of leases payable38,931167,956
Total Current Liabilities796,486721,456
Long-Term Liabilities  
Long-term portion of notes payable361,571361,295
Long-term portion of leases payable010,094
Convertible debt (PIK Notes)3,250,7864,683,624
Total Long-Term Liabilities3,612,3575,055,013
TOTAL LIABILITIES4,408,8435,776,469
Commitments and Contingencies  
Stockholders' Equity (Deficit)  
Preferred stock, $0.001 par value, 10,000,000 shares authorized, noncumulative, nonvoting, nonconvertible, none issued or outstanding00
Common stock, $0.001 par value, 120,000,000 shares authorized, 75,696,531 and 69,704,393 shares issued and outstanding at September 30, 2011 and December 31, 2010, respectively75,69769,704
Additional paid-in capital37,522,71529,860,041
Accumulated deficit prior to the exploration stage(20,009,496)(20,009,496)
Accumulated deficit during the exploration stage(17,141,678)(11,533,915)
Total Applied Minerals, Inc. stockholders' equity (deficit)447,238(1,613,666)
Non-controlling interest52,31052,320
Total Stockholders' Equity (Deficit)499,548(1,561,346)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)$ 4,908,391$ 4,215,123