Applied Minerals and HCT Group To Form Cosmetics Joint Venture

Applied Minerals, Inc., a global producer of Halloysite Clay solutions, has signed a letter of intent with HCT Group, to form a joint venture to develop and market an all-natural line of specialty skin care products based on Dragonite Halloysite Clay. The initial line of products will feature Applied Minerals’ Dragonite-PureWhite to address the high-end skin care market. The special clay will also be utilized in applications such as fragrances, deodorants, color cosmetics, nail products and extenders.