X0306 4 2016-01-05 0000008328 Applied Minerals, Inc. AMNL 0001600367 ALI ZAMANI 110 GREENE ST., STE 1101 NEW YORK NY 10012 1 COMMON STOCK OPTION (RIGHT TO BUY) 0.285 2016-01-05 4 A 0 73099 0.285 A 2016-01-05 2021-01-04 COMMON STOCK 73099 173099 D On January 5, 2016 Mr. Zamani was granted an option to purchase 73,099 shares of common stock. The option was granted as payment of his Director fees for the first quarter of 2016. The option vested on January 5, 2016 and the term of the option is 5 years. The option grant was approved by the Board of Directors of Applied Minerals, Inc. /s/ Ali Zamani 2015-01-07