NRP Stone, Inc. (NRPI)

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New Furnace Installed and Testing
Press Release | 12/04/2019
Tuesday, December 3, 2019, Draper, UT NRP Stone, Inc. Announces New Furnace Installation and Testing.
The Luxium test lab, now located in Utah, received and installed the test-furnace and specialized equipment used in the test-production of Luxium. After initial testing, due to the furnaces heat, new and specialized crucibles had to be ordered to replace the traditional crucibles that were destroyed in the first attempts of testing, which have been received. NRP has been notified that the furnace is ready to test the new crucibles in the test-production of Luxium Gen1. This test, when scheduled, will precede new formulations for Gen2 Luxium.



NRP due diligence of Rare Metals and Gems Investors, LLC (RMGI), NRPs proposed acquisition, has continued. Due to disagreements between the principals of RMGIs manufacturer, two of the three principals, including the scientist responsible for formulating Gen2 Luxium, are forming a new company that will have their diamond technology and new Luxium product, and NRP has been advised and has confirmed that the formulation and production of the new Luxium metal will belong to them. As a result, RMGI is negotiating new agreements with these principals and the new entity to reside in the new manufacturing entity, for an exclusive marketing arrangement for white and colored diamonds as well as the Gen2 product.



Although full details are not yet available, what has been acknowledged is that these new agreements could have a much greater impact on the future of NRP Stone than a mere marketing agreement as previously sought. RMGI has proposed joint manufacturing operations for both diamonds and the Gen2 metal. A fully-integrated funding, manufacturing, and marketing strategy for a multiple-phased plan of manufacturing and marketing is being discussed and is in contract formation. NRP has been told that once the new diamond entity has been formed by the principals more information will become available.




NRP Stone, Inc. is engaged in marketing and distribution of unique precious metals and gems. SYM: NRPI (NRPI.PK) U.S.: OTC; CUSIP: 62940J200. Website: https://nrpstone.co. Email: [e-mail]. Follow us on Twitter @nrpstone.