X0306 4 2016-02-01 0000008328 Applied Minerals, Inc. AMNL 0001484439 Tirpak Bradley M 110 GREENE ST., STE 1101 NEW YORK NY 10012 1 COMMON STOCK 2016-02-01 4 A 0 25000 0.27 A 161237 D COMMON STOCK OPTION (RIGHT TO BUY) 0.27 2016-02-01 4 A 0 19970 0.27 A 2017-02-01 2021-01-31 COMMON STOCK 19970 90741 D COMMON STOCK OPTION (RIGHT TO BUY) 0.27 2016-02-01 4 A 0 15625 0.27 A 2017-02-01 2026-01-31 COMMON STOCK 15625 106366 D On February 1, 2016, Mr. Tirpak was granted 25,000 shares of common stock of Applied Minerals, Inc., an option to purchase 19,970 shares of common stock of Applied Minerals, Inc. and an option to purchase 15,625 shares of common stock of Applied Minerals, Inc. These grants are components of the compensation Mr. Tirpak will receive for serving as a Director of the Company for the 2016 calendar year. The exercise price of both option grants is $0.27 per share. The term of the option to purchase 19,970 shares of common stock of Applied Minerals, Inc. is 5 years. The term of the option to purchase 15,625 shares of common stock of Applied Minerals, Inc. is 10 years. 50% of the stock and option grants vests on the first anniversary date of the grants and the remaining 50% vests on the second anniversary date of the grants. /s/ Bradley Tirpak 2016-02-03