Asia Broadband Announces the Grand Opening and Ribbon Cutting Ceremony for its Gold and Silver Ore Processing Plant in Etzatlan, Mexico

Rhea-AI Summary

Asia Broadband (OTC: AABB) has celebrated the grand opening of its new gold and silver ore processing facility in Etzatlan, Mexico. The event was attended by local government officials, industry leaders, and dignitaries.

The facility features two production lines: a mineral flotation process with capacity up to 500 tons per day, targeting 350 tons daily for the first 3 months, and a cyanidation process scheduled to begin in September 2025. With production costs at $56.75 USD per ton, the company projects:

• First line: $2.17M net revenue in first 3 months, $11.47M in first year
• Second line: $2.55M net revenue in first 4 months, $15.33M in first year

The plant incorporates advanced mining equipment automation and features an on-site lab and testing program to optimize processing throughput and metals extraction while minimizing costs.

Positive

• New processing facility operational with 500 tons/day capacity per line
• Advanced automation and on-site lab to optimize efficiency and reduce costs
• Projected combined first-year revenue of $26.8M from both production lines
• Low production costs at $56.75 per ton

Negative

• Initial production starts at reduced capacity (350 tons/day vs 500 capacity)
• Second production line delayed until September 2025

LAS VEGAS, April 16, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce the Company’s grand opening and ribbon cutting ceremony for the new gold and silver ore processing facility in Etzatlan, Mexico. Attending this historic event for the Company were government officials, industry leaders and dignitaries to mark and celebrate the tremendous milestone achievement of AABB’s mining operations group and highlight the extensive local economic benefits for the community with the new facility operations. The attendees included Municipal President of Etzatlan Lic. Carlos Martinez Reyes, Municipal President of San Marcos Lic. Laura Sardy Alcantar Hernandez, Representatives of the Association of Mining, Metallurgical and Geological Engineers of Mexico (AIMMGM) and Priest Jose Guadalupe Cabrera Nodal. The participants also commemorated the grand opening with a meet and greet breakfast event at the facility.

AABB’s new plant is designed to utilize advanced mining equipment automation and efficiencies to maximize processing throughput and metals extraction and minimize the production costs. The unique benefits of the Company’s on-site lab and testing program accelerates the new processing facility operations with reduced costs and maximized plant revenues. Additionally, the facility has been built with expanded processing capability that will be implemented after the initial production levels have been established.

The first line of production, which is a mineral flotation process, will be capable of producing up to 500 tons per day. The initial processing target will be 350 tons per day for the first 3 months and then gradually increase to 500 tons per day. With an average production cost of $56.75 USD per ton, the Company estimates a net revenue of $2,170,610 USD in the first 3 months of operations and $11,473,227 USD in the first 12 months. The second line of production, which is a cyanidation process, is also estimated to go into production September 2025, with an initial target of 200 tons per day for the first 4 months and gradually increase to 500 tons per day. Since the cyanidation process produces a higher yield, the estimated net revenue is expected to increase to $2,554,367 USD in the first 4 months of operations and $15,326,203 USD in the first 12 months.

“This is an incredibly special and historic day for AABB with the achievement of opening of our ore processing plant in Etzatlan. Our technical team has worked meticulously long hours since the beginning of the year to bring all the elements together for the opening of the new facility. We are all very proud and excited to have reached this pivotal point in our Company’s mining operations and to have created the foundation to achieve the next level of growth for AABB,” expressed Chris Torres, AABB President and CEO.

About Asia Broadband

Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company's industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its own proprietary AABB Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies and digital asset developers.

Contact the Company at:
General Email:	ir@asiabroadbandinc.com
Token Support:	support@aabbgmine2token.com
Company Websites:	www.asiabroadbandinc.com
	www.aabbgmine2token.com
	www.goldenbaboons.com
Phone:	702-866-9054

Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/a1a8ca48-897e-4756-929c-a99277b18dd9

https://www.globenewswire.com/NewsRoom/AttachmentNg/3bcadd94-72fc-4f00-8cb0-e46117b175bd

https://www.globenewswire.com/NewsRoom/AttachmentNg/61a5b705-c3bf-4f72-8099-bd41bffb450e

FAQ

What is the processing capacity of AABB's new Etzatlan facility?

The facility has two lines, each capable of processing up to 500 tons per day - a mineral flotation process and a cyanidation process.

When will AABB's second production line (cyanidation) begin operations?

The cyanidation process line is scheduled to begin operations in September 2025, starting at 200 tons per day.

What is the projected revenue for AABB's new processing facility?

The first line projects $11.47M in first-year revenue, while the second line expects $15.33M, totaling approximately $26.8M for the first full year.

What is the production cost per ton at AABB's new Etzatlan facility?

The average production cost is $56.75 USD per ton.