| CUSIP No. 03823M100 | Page 1 of 1 |
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) under the Securities and Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of them of a statement on Schedule 13D (including amendments thereto) with respect to the common stock, $.001 par value per share, of Applied Minerals, Inc.; and further agree that this Joint Filing Agreement be included as Exhibit 1. In evidence thereof, the undersigned hereby execute this Agreement this 12th day of November, 2014.
| THE IBS TURNAROUND FUND (QP) (A LIMITED PARTNERSHIP) | |||
| By: | IBS CAPITAL LLC | ||
| General Partner | |||
| By: | /s/ David A. Taft | ||
| David A. Taft, President | |||
| THE IBS TURNAROUND FUND (A LIMITED PARTNERSHIP) | |||
| By: | IBS CAPITAL LLC | ||
| General Partner | |||
| By: | /s/ David A. Taft | ||
| David A. Taft, President | |||
| THE IBS OPPORTUNITY FUND, LTD. | |||
| By: | IBS CAPITAL LLC | ||
| Investment Manager | |||
| By: | /s/ David A. Taft | ||
| David A. Taft, President | |||
| IBS CAPITAL LLC | |||
| By: | /s/ David A. Taft | ||
| David A. Taft, President | |||
| /s/ David A. Taft | |||
| David A. Taft | |||
