New Furnace Installed and Testing

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 furnace’s 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), NRP’s proposed acquisition, has continued. Due to disagreements between the principals of RMGI’s 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: 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.