DRAPER, Utah, Aug. 15, 2019 /PRNewswire/ --NRP Stone, Inc. is pleased to announce that it has submitted a Letter of Interest outlining terms for acquisition of Rare Metals and Gems Investors, LLC. RMGI has negotiated a multi-faceted marketing agreement with the producer of two unique products: natural white and rare colored diamonds finished from raw yellow/brown diamonds; and, a trademarked, one-of-a-kind, molecularly derived precious metal called Luxium. The manufacturing company and its affiliates have agreed to use RMGI as a marketing arm for its two products.
Both products are derived from Mother Earth's natural processes… with a technological twist. 99% of diamonds mined in the world remain unfinished by Mother Earth. They are yellow to brown in color because they were not given the time, heat, and pressure required to finish them into white and colored diamonds. As a result, these brown diamonds are typically crushed and used for industrial purposes, including diamond drills and saws. Only recently, these yellow or brown diamonds have been promoted as gemstones. However, with proprietary technology, yellow and brown diamonds can be graded and finished to their highest and best potential, white and colored gemstones. These gemstones stones are considered by the Gemological Institute of America (GIA) to be natural diamonds, because the technology to finish these diamonds replicates the earth's natural process, in a shorter period of time. Using these proprietary processes, brown diamonds can become white, as well as all colors of the rainbow, depending upon their chemical makeup, which is known before they are purchased. Finishing occurs without dyes, radiation, or synthetically growing them in labs. They are truly natural diamonds.
The second product, Luxium, is a proprietary silver-based precious metal that can be used for jewelry, as well as in industry. Because silver is the best-known electrical conductor to man, it has many industrial uses, but has been deemed unsatisfactory for many applications because of its soft and degradable nature, and thus being subject to tarnish. Because Luxium is 99% silver, it has the quality of silver's conductivity, but does not tarnish like silver, which makes it a superior choice for jewelry and industrial usages.
RMGI has represented that its diamond producer and its affiliates have been test-marketing finished white and colored diamonds to a major national jewelry outlet for several years. Its diamond customer has also expressed a desire to purchase jewelry-grade Luxium for brilliant gemstone settings, necklaces, bracelets, broaches, and similar jewelry due to its brilliant finish and resistance to tarnish. Luxium has a natural finished look of chrome, though it can be colored for different looks. Luxium is being viewed as a mid-market jewelry alternative in filling the gap between less-expensive silver that tarnishes and expensive gold, thus making it a stand-alone precious metal substitute.
Luxium's hardness, oxidation resistance, conductivity, and price point make Luxium a candidate for a wide range of industrial uses and alternative for silver, gold, and copper in electrical systems, circuit boards, aerospace, solar panels, non-acid based storage batteries, electrical transmission lines, and many other industries. Electronics and applications for existing and new electrical transmission lines used for the electrical power grid worldwide are initially being investigated. For every one-percent resistance incurred over high-tension electrical lines, power companies lose billions of dollars in lost wattage. A thin coat of Luxium could create a dynamic solution in cost savings to electrical transmission companies. Luxium researchers are currently working on the creation of Luxium nanoparticles that will bind with existing and new aluminum power lines. Solid and nanotized liquid Luxium are available for R&D industrial applications.
MGI Additional InformationPress Release | 08/21/2019
Wednesday, August 21, 2019, Draper, UT NRP Stone, Inc. (SYM: NRPI) is pleased to announce that with the presentation of the Letter of Intent for the acquisition of Rare Metals and Gems Investors (RMGI), RMGI disclosed that first generation Luxium has proven to be transformable from a solid into nanoparticles. These nanoparticles, in a liquid form, can be sprayed, thus creating many potential uses in industry that require a one-to-multiple atom thicknesses of coatings. One of these industrial uses is in the coating new and existing high-tension, overhead power lines.
As previously reported, Luxium has similar conductivity as silver, the worlds most natural conductor. Because electricity travels around power lines, an application of Luxium is believed to enhance conductivity. NRP Stone has been informed that RGMIs supplier has contacts in the Department of Energy who have agreed to allow a nanoparticle application of Luxium on a one-mile stretch of its existing, high-tension power lines. The test would be for conductivity, especially measuring the reduction in resistance. The DOE estimates that over $22 billion is lost each year due to loss of electricity through resistance in electrical transmission in the US alone. The DOE has indicated that if the Luxium coating test proves successful in reducing electrical resistance by a minimum of two to three percent, it would be interested in considering having RMGI spray all its electrical transmission lines. Greater conductivity with less resistance would create a significant savings for the Department of Energys transmission of electricity.
The field-test would also provide additional data regarding Luxiums hardness and durability because these DOE overhead power lines are in an area exposed to some of the harshest of atmospheric conditions in the US. This data could be useful in other industrial applications.
RMGI must prove the application of nanoparticles and show a reduction in resistance in the lab and in the field. A combination of robotics and drones is being considered for the application of nanoparticles. In the lab, nanoparticles are being tested on pieces of high-tension power lines. If lab tests prove satisfactory, application apparatuses will be developed and DOE field-testing will be formalized. The field test is contemplated for 2020. The protocol for lab testing and for the application of Luxium nanoparticles is being designed and researched. Once the lab work and the DOE field-test is performed and the Luxium application is endorsed by the DOE, NRPI could conceivably promote such applications to all electrical transmission companies in North America.
NRP Stone, Inc. is engaged in marketing and distribution of unique precious metals and gems. US OTC symbol: NRPI; CUSIP: 62940J200. Follow us on Twitter @NRPSTONE and at http://nrpstone.co.