EXHIBIT 5.0

                           POLLET, RICHARDSON & PATEL
                                a Law Corporation
                              10900 Wilshire Blvd.
                                    Suite 500
                          Los Angeles, California 90024
                               Tel (310) 208-1183
                               Fax (310) 208-1154

                                November 5, 2001

Atlas Mining Company
630 East Mullan Avenue
Osburn, Idaho 83849

         Re:      REGISTRATION STATEMENT FORM SB-2
         ---      --------------------------------

Ladies and Gentlemen:

         We have acted as counsel for Atlas Mining Company, a Idaho corporation
("Atlas Mining"), in connection with the preparation of a Registration Statement
on Form SB-2 filed by Atlas Mining with the Securities and Exchange Commission
(the "Commission") pursuant to the Securities Act of 1933, as amended ("Act"),
relating to the public sale of 6,000,000 shares of common stock offered by Atlas
Mining and the public resale by certain selling securityholders of 740,0000
shares of common stock. This opinion is being furnished pursuant to Item
601(b)(5) of Regulation S-B under the Act.

         In connection with rendering the opinion as set forth below, we have
reviewed (a) the Registration Statement and the exhibits thereto; (b) Atlas
Mining's Articles of Incorporation, as amended, (c) Atlas Mining's Bylaws; (d)
certain records of Atlas Mining's corporate proceedings as reflected in its
minute books, and (e) such statutes, records and other documents as we have
deemed relevant.

         In our examination, we have assumed the genuineness of all signatures,
the authenticity of all documents submitted to us as originals, and conformity
with the originals of all documents submitted to us as copies thereof. In
addition, we have made such other examinations of law and fact as we have deemed
relevant in order to form a basis for the opinion hereinafter expressed.

         Based upon the foregoing, we are of the opinion that (i) the shares
issuable by Atlas Mining pursuant to this Registration Statement will be validly
issued, fully paid and nonassessable; and (ii) that the outstanding shares of
common stock to be sold by the selling securityholders will be validly issued,
fully paid and non-assessable.

         We hereby consent to the use of this opinion as an exhibit to the
Registration Statement and to the references to this firm under the caption
"Legal Matters" in the Registration Statement. In giving this consent, we do not
thereby admit that we are acting within the category of persons whose consent is
required under Section 7 of the Securities Act and the rules and regulations of
the Securities and Exchange Commission thereunder.


/s/ Pollet, Richardson & Patel