----

----

| [X] | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----|--------------------------------------------------------------------------------------|

| Applied Minerals, Inc.                                               |
|----------------------------------------------------------------------|
| (Exact name of registrant as specified in its charter)               |
| Delaware                                                             |   | 82-0096527 |
| (State or other jurisdiction of incorporation or organization)  |   | (I.R.S. Employer Identification No.) |
|                                                                 |   |   |
| 110 Greene Street – Suite 1101, New York, NY                   |   | 10012 |
| (Address of principal executive offices)                             |   | (Zip Code) |
|                                                                 |   |   |   |
|                                                                 | (800) 354-6463 |   |   |
|                                                                 | Issuer's telephone number, including area code |   |   |

|   | YES |   | NO | X |
|--------|-----|--------|----|---|

|   | YES |   | NO | X |
|--------|-----|--------|----|---|

|   | YES |   X | NO |   |
|--------|-----|----------|----|--------|

|   |   |   |   |   |
|--------|--------|--------|--------|--------|

| Large Accelerated Filer |   | Accelerated Filer |   | Non-accelerated Filer |   | Smaller Reporting Company | X |
|-------------------------|--------|-------------------|--------|-----------------------|--------|---------------------------|---|

|   | YES |   | NO | X |
|--------|-----|--------|----|---|

----

| Exhibit |   |                                                                                                                                                                                   |
|---------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Number  |   | Description of Exhibit                                                                                                                                                                 |
|    |   |                                                                                                                                                                                   |
| 31.3    |   | Amended certification pursuant to Rule 13a-14 of the Securities Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of the Principal Executive Officer |
| 31.4    |   | Amended certification pursuant to Rule 13a-14 of the Securities Exchange Act, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, of the Principal Financial Officer |

----

|   |   | Applied Minerals, Inc           |   |
|--------|--------|---------------------------------|--------|
|   |   |                            |   |
|   | By:    |                            |   |
|   |   | /s/ Andre Zeitoun               |   |
|   |   | Chief Executive Officer         |   |
|   |   |                            |   |
|   | By:    |                            |   |
|   |   | /s/ Christopher T. Carney       |   |
|   |   | Interim Chief Financial Officer |   |

| Signature         | Title    | Date              |
|-------------------|----------|-------------------|
|              |     |              |
|              | Director | December 14, 2010 |
| /s/ John F. Levy  |     |              |
|              |     |              |
|              | Director | December 14, 2010 |
| /s/ David Taft    |     |              |
|              |     |              |
|              | Director | December 14, 2010 |
| /s/ Andre Zeitoun |     |              |
|              |     |              |
|              | Director | December 14, 2010 |
| /s/ Evan Stone    |     |              |

----