NRP Stone, Inc. Subsidiary Raises $455,000 of Its First Million

Rhea-AI Summary

NRP Stone, Inc. (OTC: NRPI) announced that its subsidiary, Uplift Aerospace, has successfully raised $455,000 in initial funding towards a goal of $1 million. This funding is intended to support ongoing projects and upcoming initiatives. CEO Josh Hanes expressed gratitude for the community's support and confidence in Uplift Aerospace, highlighting the growing interest in the space industry. Additionally, the financing has positive implications for both management and shareholders, boosting expectations for future success.

Positive

• Uplift Aerospace raised $455,000 in funding to support projects, strengthening its financial position.
• The funding reflects confidence from industry stakeholders and investors, potentially enhancing market outlook.

Negative

• None.

PARK CITY, UT / ACCESSWIRE / November 18, 2021 / NRP Stone, Inc. (OTC:NRPI) NRP Stone reported that through its subsidiary, Uplift Aerospace, it has raised $455,000 of initial funding. This first $1 million will be used to finish current and begin near-term projects. Josh Hanes, CEO of NRP Stone, stated, "We have a great community behind us. We put the word out to a handful of people, and they responded quickly. We graciously thank them for their confidence in Uplift Aerospace and are preparing to finish this round of private funding so we can move the company forward." The funding announcement comes shortly after the company made a recent announcement of its debt restructuring.

The financing lifts managements' and shareholders' expectations for the company's success. Mr. Hanes noted, "It is exciting to be apart of the new space race. Receipt of this funding confirms both industry and funders confidence in our company's vision."

ABOUT UPLIFT AEROSPACE

Uplift Aerospace is an emerging leader in transforming the space industry, pioneering innovative systems for space commerce, mediums of trade, and delivery of earth/space products. Uplift continues its research and development of lunar mining and processing methods for future manufacturing and supplying of off-planet infrastructure and building materials. Uplift Aerospace is a subsidiary of NRP Stone, a publicly traded company on the OTC under the symbol NRPI.

For more information, visit https://www.upliftaerospace.com/investors

MEDIA CONTACT: press@upliftaerospace.com

US OTC Symbol: NRPI; CUSIP: 62940J200. For the latest updates, visit upliftaerospace.com and follow @upliftaerospace on Facebook, Instagram, and Twitter.

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.

SOURCE: NRP Stone, Inc.

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https://www.accesswire.com/673667/NRP-Stone-Inc-Subsidiary-Raises-455000-of-Its-First-Million

FAQ

What recent funding announcement did NRP Stone (NRPI) make?

NRP Stone's subsidiary, Uplift Aerospace, raised $455,000 as part of its initial funding round.

How much funding is NRP Stone looking to raise in total?

NRP Stone aims to raise a total of $1 million for projects and initiatives.

What will the raised funds be used for according to NRP Stone's press release?

The funds will be used to finish current projects and begin near-term initiatives.

Who is the CEO of NRP Stone and what did he say about the funding?

CEO Josh Hanes expressed gratitude for the community's support and highlighted the positive outlook for Uplift Aerospace.

What does Uplift Aerospace focus on?

Uplift Aerospace is focused on transforming the space industry and pioneering methods for lunar mining and off-planet infrastructure.