Adamas One Corp. renegotiated the lease for its new South Carolina manufacturing facility. The new lease allows for expansion of the facility to support up to a total of 400 proprietary reactors to produce the Company's lab-grown diamonds.

The first phase will consist of the installation of 100 reactors, which at full capacity will be able to generate up to $30 million in topline revenue, or approximately $14 million in EBITDA on a monthly basis, or more than $300 million in topline revenue/$150 million EBITDA on an annual basis. Upon completion, the Company expects to house close to 400 of its proprietary CVD reactors.