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NRP Stone Closes Acquisition of Rare Metals and Gems
Thursday 20 February 2020

20 February 2020 - Utah, US-based precious metals and gems company NRP Stone, Inc. has closed the acquisition of Rare Metals and Gems Investors on schedule, the company said.

Terms of the transaction were not disclosed.

The acquisition includes an exclusive worldwide marketing agreement for white diamond and gold products. Its products will include raw and cut white diamonds, as well as gold bullion, nuggets, jewelry, and coins.

Each raw diamond is to be cut by NRP or supplier sources and will be marketed and distributed through NRP wholesale and retail outlets, including the NRP Stone website. Each cut diamond will be graded by the Gemological Institute of America.

The transaction included GIA-graded loose diamonds and colored diamonds set in beautiful Luxium rings, in addition to one ton of Luxium ore concentrate. The ore was appraised by a third party in a Technical Assessment and Valuation Report dated August 30, 2019 and valued at USD 1.5m per ton.

The ore will be used to produce granulated solid and Luxium nanoparticles for industry.

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.

NRP Stone, Inc. is engaged in marketing and distribution of unique precious metals and gems.
Details
Date Published: 20/02/2020
Target: Rare Metals and Gems Investors (RMGI)
Country: USA
Sector: Metals/Mining
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: NRP Stone, Inc
Comment:
Terms of the deal were not disclosed

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