USPR Acquisition news out. - USPR U.S. Precious Metals Inc.

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Posted On: 05/15/2013 9:33:30 AM

Post# of 15

Posted By: Roger Wilco

USPR Acquisition news out.

US Precious Metals, Inc. Enters into Contract to Acquire Resource Technology Corp.

Last update: 5/15/2013 9:21:00 AM

Significant Revenue Stream Potential

http://finance.yahoo.com/news/us-precious-met...00164.html

MALBORO, N.J., May 15, 2013 /PRNewswire via COMTEX/ -- US Precious Metals, Inc. ("Company") (otcqb:USPR) is pleased to announce that on May 11, 2013 it entered into an agreement to acquire Resource Technology Corp. ("RTC").

RTC assets include 3 ore supply agreements from 3 high grade ore mines, 2 from within the United States and one internationally. It also has a processing agreement with Plasma Processing LP ("PP LP") which utilizes patent pending, plasma technology to increase the rate of extraction of precious metal concentrates. RTC currently is a 1/3rd net revenue share partner with both the mining property owners and PP LP.