-Gerard Stephen: Managing Director of Zeolite Australia, will join the NNRF board
Gerard Stephen has patents; “a method of catalyzing the reduction of nitrogen oxides with ammonia, especially the selective reduction of nitrogen oxides, with ammonia in the presence of oxygen, using zeolite catalysts “https://patents.google.com/patent/US7704475
$NNRI acquires a 51% interest in Zeolite Australia with an option to purchase the remaining shares over the next five years.Zeolite Australia with reserves of 25 mil tons it’s valued is between $1,25 bil and $7,5 bil @current price .
Zeolite Australia is a world class company supplying zeolite product for use in feedlot and stockfeed, agriculture and fertilizer, water filtration, water treatment systems, and aquaculture. They have a strong management team with worldwide sales. They also received the 2022 New South Wales Sustainability Award for Clean Technology https://zeolite.com.au/.
In addition, the Company is presently finalizing the acquisition of a 100% interest in Elevate Nutraceutics, LLC. ("EVN") through a Securities Exchange Agreement whereby the purchase consideration will be the issuance of 75 million common shares to the EVN seller (see Note 7 for a description of EVN and its business objectives). Through December 31, 2022 the Company has already begun to pay for certain development and operating costs, including but not limited to the purchase of a start-up inventory of nutraceutical products intended for resale by EVN https://www.otcmarkets.com/otcapi/company/financial-report/363829/content
Separately, to provide financing for the Company’s business development, the Company is also finalizing a Stock Purchase Agreement with Earth Sciences (“ES’) whereby ES will acquire 100,000,000 restricted common shares of the Company for the aggregate sum of $1,000,000 (or $0.01 per share). To date, ES has paid a combined total of $160,000 towards the stock purchase price, of which $135,000 was paid directly to the Company. When the entire $1 million consideration is paid, ES is to be granted both the restricted common shares and a Warrant to purchase 50,000,000 common shares of the Company at a strike price of $0.10 per share, exercisable at any time between the date of full payment of the $1 million and the earlier of (a) the second anniversary date of that date or (b) a change of control of the Company should that event occur). http://www.ea-science.com/
Earth Science provided large-scale soil remediation services at a former Marine Corps Air Station and Superfund Site impacted by petroleum hydrocarbons, chlorinated solvents, and heavy metals. http://www.ea-science.com/projects/
NNRF has purchased land in Tennessee that includes a 96,640 sq ft commercial greenhouse, furthering their goal of growth in the Green Economy. The property and greenhouse will be used as an operating organic farm, utilizing innovative growing techniques and processes developed by partners in a Joint Venture. This acquisition marks the first step in the development of an organic produce growing facility for research, development and showcasing of the Green Agriculture venture. The property spans 17.5 acres and features 21 interconnected greenhouses totaling 96,640 sq ft, all of which are climate-controlled, and an office/warehouse building of 17,928 sq ft. NNRF will issue $750,000 in common shares (subject to SEC Rule 144 Restrictions) and $750,000 cash for this acquisition. Additionally, one stock warrant will be issued for every two shares of stock issued at the close of escrow at a $0.10 per share exercise price https://www.otcmarkets.com/stock/NNRI/news/NNRF-Inc-Signs-Letter-of-Intent-to-Acquire-Farm-Property?id=394049
NNRF, Inc. has signed a Binding Letter of Intent with Plazer, LLC and Zeolite Australia Pty, Ltd to establish a Joint Venture focused on developing a business related to a Cold Plasma System. The Joint Venture will initially focus on applications related to agriculture, farming, and cattle, such as Renewable Natural Gas, Fertilizer, Hydroponics, and Animal Feed, and will utilize the property in Tennessee for research and development. The Plazer System is scalable and offers numerous opportunities for industry-changing applications. The Joint Venture will be a Proprietary Ltd Company in New South Wales, with NNRF owning 40%, and Plazer and Zeolite Australia each owning 30%, covering Australia, New Zealand, and Southeast https://www.otcmarkets.com/stock/NNRI/news/NNRF-Signs-Binding-Letter-of-Intent-for-Joint-Venture-in-Cold-Plasma?id=395867
Market Data 
Markets 
AI
