X0306 4 2015-02-05 0000008328 Applied Minerals, Inc. AMNL 0001478411 Krishnamurti Nat 110 GREENE ST., STE 1101 NEW YORK NY 10012 1 CFO COMMON STOCK OPTION (RIGHT TO BUY) 0.68 2015-02-05 4 A 0 50000 0.68 A 2015-02-05 2025-02-05 COMMON STOCK 50000 490000 D On February 5, 2015 Mr. Krishnamurti was granted options to purchase 50,000 shares of common stock at $0.68 per share. The options vest annually over a three-year period starting on February 5, 2016 and expire 10 years after the grant date. The option grant in this filing was approved by Applied Minerals, Inc. Board of Directors on February 5, 2015. /s/ Nat Krishnamurti 2015-02-09