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Idaho firm buys Dragon Mine in Juab from Chester Mining

Idaho-based Atlas Mining Co. said Thursday it has purchased the Dragon Mine in Juab County from Chester Mining Co. for $500,000.

Atlas' president and chief executive officer, William T. Jacobson, said the company has taken steps to clean up all debts, to acquire the Dragon Mine and to put the property into a positive cash flow position.

The mine is a source of halloysite clay. Atlas also holds mining and timber interests in northern Idaho and operates an underground mining contracting business.