Exhibit 10.10


 


RECORDING REQUESTED BY


AND WHEN RECORDED RETURN TO:


 


Richard Fox


BMI Minerals Company


16640 Chesterfield Grove Road


Chesterfield, MO 63005


  


(Space Above For
Recorder's Use)


 


GENERAL WARRANTY
DEED


 


For good and valuable consideration, APPLIED MINERALS, INC., a Delaware
corporation, with a mailing address of 1200 Silver City Road, PO Box 432, Eureka, Utah 84628 (“Grantor”) hereby
grants and warrants to BMI MINERALS COMPANY, a Missouri corporation having its principal place of business at 16640 Chesterfield Grove
Road, Suite 170, Chesterfield, MO 63005 (“Grantee”) the one hundred percent (100%) interest in and to the Iron Oxide Minerals
and the Iron Oxide Rights together with any and all interests, rights and appurtenances thereto located on or within those certain patented
and unpatented mining claims, located in Juab County, State of Utah, as more particularly described on attached Schedule A (the
"Mining Claims"), TO HAVE AND TO HOLD the Iron Oxide Minerals and the Iron Oxide Rights, together with all tenements, hereditaments,
and appurtenances thereunto belonging, unto the Grantee, and its successors and assigns, forever. Iron Oxide Minerals means the iron oxide
within the Mining Claims but shall exclude iron oxide intermingled with any economically recoverable deposit of Halloysite. Iron Oxide
Minerals do not include any iron oxide in surface piles of minerals described in Note 10 to the financial statements in the Annual Report
on Form 10-K for the year ended December 31, 2020. The Iron Oxide Minerals and the Iron Oxide Rights are the dominant estate. Iron Oxide
Rights means rights reasonably necessary or useful for (i) access to (ingress and egress) to the Mining Claims, exploration for, drilling,
mining, crushing, permitting, producing, removing, processing, bagging, testing, analyzing, storing in bags, piles, or otherwise (including
the creation of waste piles), handling treating, disposing, containing, selling, vehicle parking for third party suppliers and others,
communications equipment used for, and shipping of Iron Oxide Minerals and non-Iron Oxide Minerals intermingled with Iron Oxide Minerals
or whose removal is deemed by Grantee as necessary or desirable in order to accomplish any of the foregoing and (ii) the construction,
repair, and/or use of buildings, sheds, fixtures, equipment, and personal property or similar in connection with any of the foregoing.
To the extent that any of the Iron Oxide Rights may be deemed to be an easement, it is the intention of the Parties that such be deemed
easements of necessity and to run with the land.


 


The undersigned represents and warrants that he/she has
the right, power, legal capacity and authority to enter into and perform this General Warranty Deed. The undersigned further hereby acknowledges
and affirms to the below named Notary Public that the undersigned appeared bef01'e such Notary Public and either executed this General
Warranty Deed before such Notary Public or acknowledged to such Notary Public that the undersigned executed this General Warranty Deed,
and that the undersigned executed this General Warranty Deed for the purposes stated in it.


 


DATED this _____day of July 2022


  



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	 	APPLIED MINERALS INC., a
	 	Delaware corporation
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	State of New York             )	 	 
	 	 	 
	County of New York ____ )	 	 



  


On the      day of July in the year 2022 before
me, personally came Christopher Carney to me known, who, being by me duly sworn, did depose and say that he resides ________________ (if
the place of residence is in a city, include the street and street number, if any, thereof); that he is the president of the Applied
Minerals, Inc., the corporation described in and which executed the above instrument; that he signed his name(s) thereto by like authority
of the board of directors of said corporation


 








	 	 






 




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Schedule A


 


Mining Claims


 


Unpatented Mining Claims: 


 


Certain unpatented mining claims located in Juab County, State of Utah,
as more particularly described as follows:


 


	Claim Names	 	IMC Numbers
	 	 	 
	Am Fraction #1	 	UMC420562
	Am Fraction #2	 	UMC420563
	Am Fraction #3	 	UMC420564
	Am Fraction #4	 	UMC420565
	Am Fraction #5	 	UMC420566
	Am Fraction #6	 	UMC420567



  


Patented Mining Claims: 


 


Certain patented mining claims situated in Juab County, State of County,
as more particularly described as follows:


 


Township 10 South, Range 2 West, SLBM


 


	 	 	Survey No.	 	 	Section	 	 	Property No	 	 	Unit No	 	 	Acreage	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Black Dragon Cons.	 	 	49	 	 	 	30	 	 	 	51905	 	 	 	59887	 	 	 	3.640	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Black Dragon	 	 	79	 	 	 	31	 	 	 	33525	 	 	 	59887	 	 	 	1.495	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Cross Dragon	 	 	80	 	 	 	31	 	 	 	24755	 	 	 	59887	 	 	 	1.515	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Reverse	 	 	81	 	 	 	31	 	 	 	51930	 	 	 	59887	 	 	 	2.468	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Iron Clad	 	 	82	 	 	 	19	 	 	 	51926	 	 	 	59887	 	 	 	4.669	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Contest	 	 	83	 	 	 	31	 	 	 	51923	 	 	 	59887	 	 	 	1.284	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Elsie	 	 	84	 	 	 	31	 	 	 	24761	 	 	 	59887	 	 	 	3.000	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Govenor [sic]	 	 	85	 	 	 	29	 	 	 	51911	 	 	 	59887	 	 	 	6.880	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Brooklyn	 	 	86	 	 	 	31	 	 	 	51904	 	 	 	59887	 	 	 	5.023	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	King James	 	 	87	 	 	 	31	 	 	 	24657	 	 	 	59887	 	 	 	5.157	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Nom de Plume	 	 	117	 	 	 	30	 	 	 	51929	 	 	 	59887	 	 	 	5.327	 



 






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	June Rose	 	 	136	 	 	 	31	 	 	 	51927	 	 	 	59887	 	 	 	2.230	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Martha Washington #2	 	 	137	 	 	 	31	 	 	 	51915	 	 	 	59887	 	 	 	5.420	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Silver Coin	 	 	144	 	 	 	31	 	 	 	51919	 	 	 	59887	 	 	 	6.340	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Roadside	 	 	150	 	 	 	31	 	 	 	51931	 	 	 	59887	 	 	 	6.800	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Rattler	 	 	151	 	 	 	31	 	 	 	51917	 	 	 	59887	 	 	 	9.950	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Elsie No. 2	 	 	222	 	 	 	31	 	 	 	51909	 	 	 	59887	 	 	 	5.140	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Great Whel Vor	 	 	298	 	 	 	31	 	 	 	51925	 	 	 	59887	 	 	 	19.834	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Reverse #2	 	 	333	 	 	 	31	 	 	 	51916	 	 	 	59887	 	 	 	1.792	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Cygnet	 	 	334	 	 	 	 	 	 	 	24756	 	 	 	59887	 	 	 	19.400	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Snap Dragon	 	 	3195	 	 	 	31	 	 	 	51932	 	 	 	59887	 	 	 	3.770	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Willie Gundry	 	 	3240	 	 	 	31	 	 	 	51922	 	 	 	59887	 	 	 	8.051	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Tina	 	 	3254	 	 	 	31	 	 	 	51934	 	 	 	59887	 	 	 	0.583	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Sunny Side	 	 	3782	 	 	 	31	 	 	 	24760	 	 	 	59887	 	 	 	6.460	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Brooklyn No. 2	 	 	3783	 	 	 	31	 	 	 	51905	 	 	 	59887	 	 	 	2.428	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Guardian	 	 	3852	 	 	 	31	 	 	 	51912	 	 	 	59887	 	 	 	15.140	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Mary	 	 	3873	 	 	 	31	 	 	 	51916	 	 	 	59887	 	 	 	8.570	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Frankie #1	 	 	4109	 	 	 	31	 	 	 	24303	 	 	 	59887	 	 	 	13.260	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Frankie #2	 	 	4110	 	 	 	31	 	 	 	51910	 	 	 	59887	 	 	 	16.520	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Frankie #3	 	 	4111	 	 	 	31	 	 	 	51921	 	 	 	59887	 	 	 	11.843	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	White Dragon	 	 	4163	 	 	 	30	 	 	 	51933	 	 	 	59887	 	 	 	0.534	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	June	 	 	4519	 	 	 	30	 	 	 	51913	 	 	 	59887	 	 	 	4.647	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Daisy	 	 	4519	 	 	 	30	 	 	 	51997	 	 	 	59887	 	 	 	4.626	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Dew Drop	 	 	4519	 	 	 	31	 	 	 	51924	 	 	 	59887	 	 	 	13.734	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Turk	 	 	4519	 	 	 	29	 	 	 	24759	 	 	 	59887	 	 	 	6.674	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Eastern	 	 	4519	 	 	 	30	 	 	 	51908	 	 	 	59887	 	 	 	6.846	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	March	 	 	4519	 	 	 	29	 	 	 	51928	 	 	 	59887	 	 	 	16.542	 



 






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