Amended LOI and closing date

Wednesday, January 15, 2020, Draper, UT – NRP Stone, Inc. Announces Amended Letter of Intent

The Company previously issued an Amended Letter of Intent for the acquisition of Rare Metals and Gems Investors, LLC (RMGI), which has been amended to address the recently received exclusive worldwide marketing agreement for white diamonds and added gold products. The Amended LOI was issued by NRP to RMGI on January 15, 2020 after the marketing agreement was received by RMGI. NRP has chosen a closing date of February 15, 2020.  

The RMGI marketing agreement includes raw and finished white diamonds, as well as different gold products, including bullion, coins, nuggets, and jewelry. GIA-graded, colored diamonds in Luxium ring settings and GIA-graded, loose diamonds will be transferred to NRP in the transaction. One ton of Luxium ore concentrate has also been offered to NRP in the transaction. The ore was appraised by a third party in a Technical Assessment and Valuation Report dated August 30, 2019, being valued at $1.5MM per ton. 

Once the RMGI transaction is closed, NRP expects to begin funding the company for the purpose of purchasing white diamonds and gold products for sale in NRP products. NRP will then directly negotiate R&D, manufacturing, and marketing of Luxium products. Management also expects to seek joint manufacturing operations for colored diamonds. As previously reported, a fully integrated funding, manufacturing, and marketing strategy for a multiple-phased plan of manufacturing and marketing is being discussed. This has been expanded to include minting operations for gold coins, as well as diamond cutting and finishing operations.

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: davidmclarkii@nrpstone.co. Follow us on Twitter @nrpstone. 

Disclosures and Caution Concerning Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, economic and market factors, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company, its management, or affiliates, undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.