Asia Broadband Signs Letter of Intent to Sell the Bonanza Property Concession in Nayarit, Mexico
Asia Broadband has signed a Letter of Intent to sell its Bonanza mineral property in Acaponeta, Nayarit, Mexico. The company expects to finalize and announce the sale next week, with proceeds aimed at strengthening its financial position.
The strategic move allows AABB to concentrate on high-grade mineral asset investments near their new processing plant in Etzatlan, Jalisco. This regional focus in Mexico provides AABB with a competitive advantage, leveraging local development resources and expertise for rapid expansion.
The decision aligns with AABB's mining property portfolio strategy to optimize development capital utilization, building on their previous gold production success through focused regional operations.
Asia Broadband ha firmato una Lettera di Intenti per la vendita della sua proprietà mineraria Bonanza ad Acaponeta, Nayarit, Messico. L’azienda prevede di finalizzare e annunciare la vendita la prossima settimana, destinando i proventi a rafforzare la propria posizione finanziaria.
Questa mossa strategica consente ad AABB di concentrarsi su investimenti in risorse minerarie di alta qualità vicino al nuovo impianto di lavorazione a Etzatlan, Jalisco. Questo focus regionale in Messico offre ad AABB un vantaggio competitivo, sfruttando risorse e competenze locali per una rapida espansione.
La decisione è in linea con la strategia del portafoglio di proprietà minerarie di AABB per ottimizzare l’utilizzo del capitale di sviluppo, basandosi sul successo precedente nella produzione di oro attraverso operazioni regionali mirate.
Asia Broadband ha firmado una Carta de Intención para vender su propiedad mineral Bonanza en Acaponeta, Nayarit, México. La empresa espera finalizar y anunciar la venta la próxima semana, destinando los ingresos a fortalecer su posición financiera.
Esta estrategia permite a AABB centrarse en inversiones en activos minerales de alta ley cerca de su nueva planta de procesamiento en Etzatlan, Jalisco. Este enfoque regional en México proporciona a AABB una ventaja competitiva, aprovechando recursos y conocimientos locales para una rápida expansión.
La decisión está alineada con la estrategia de la cartera de propiedades mineras de AABB para optimizar el uso del capital de desarrollo, basándose en su éxito previo en la producción de oro mediante operaciones regionales focalizadas.
Asia Broadband는 멕시코 나야리트 주 아카포네타에 위치한 Bonanza 광산 자산 매각을 위한 의향서를 체결했습니다. 회사는 다음 주에 매각을 완료하고 발표할 예정이며, 그 수익금은 재무 건전성 강화를 위해 사용될 계획입니다.
이번 전략적 조치는 AABB가 할리스코 주 에츠틀란에 새로 건설한 가공 공장 인근의 고품위 광산 자산 투자에 집중할 수 있게 합니다. 멕시코 내 지역적 집중은 AABB에게 현지 개발 자원과 전문 지식을 활용하여 빠른 확장을 가능케 하는 경쟁 우위를 제공합니다.
이 결정은 AABB의 광산 자산 포트폴리오 전략과 부합하며, 이전의 금 생산 성공을 바탕으로 지역 집중 운영을 통해 개발 자본 활용을 최적화하려는 목적입니다.
Asia Broadband a signé une lettre d’intention pour vendre sa propriété minérale Bonanza à Acaponeta, Nayarit, Mexique. La société prévoit de finaliser et d’annoncer la vente la semaine prochaine, les recettes étant destinées à renforcer sa position financière.
Cette démarche stratégique permet à AABB de se concentrer sur des investissements dans des actifs minéraux de haute qualité à proximité de leur nouvelle usine de traitement à Etzatlan, Jalisco. Ce focus régional au Mexique offre à AABB un avantage concurrentiel en tirant parti des ressources et expertises locales pour une expansion rapide.
Cette décision s’aligne avec la stratégie du portefeuille de propriétés minières d’AABB visant à optimiser l’utilisation du capital de développement, s’appuyant sur leur succès antérieur dans la production d’or grâce à des opérations régionales ciblées.
Asia Broadband hat eine Absichtserklärung zum Verkauf seines Bonanza-Mineralgrundstücks in Acaponeta, Nayarit, Mexiko, unterzeichnet. Das Unternehmen plant, den Verkauf nächste Woche abzuschließen und bekannt zu geben, wobei die Erlöse zur Stärkung der finanziellen Lage verwendet werden sollen.
Dieser strategische Schritt ermöglicht es AABB, sich auf Investitionen in hochwertige Mineralressourcen in der Nähe ihrer neuen Verarbeitungsanlage in Etzatlan, Jalisco, zu konzentrieren. Der regionale Fokus in Mexiko verschafft AABB einen Wettbewerbsvorteil, indem lokale Entwicklungsressourcen und Fachkenntnisse für eine schnelle Expansion genutzt werden.
Die Entscheidung steht im Einklang mit der Strategie von AABB für ihr Bergbau-Portfolio, die Entwicklungskapitalnutzung zu optimieren, basierend auf dem bisherigen Erfolg bei der Goldproduktion durch fokussierte regionale Aktivitäten.
- Upcoming sale of Bonanza property will strengthen company's financial position
- Strategic focus on high-grade mineral assets near existing processing plant in Etzatlan optimizes capital utilization
- Company has comparative advantage in development resources and expertise in specific Mexican regions
- Divestment of Bonanza property reduces company's mining asset portfolio
- Sale terms and expected proceeds not disclosed
- Final negotiations still pending - deal not yet closed
LAS VEGAS, April 30, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has signed a Letter of Intent (LOI) for the sale of its
The proceeds from the sale of the property will further strengthen the Company’s financial position and allow AABB to focus primarily on high-grade mineral asset investments in the surrounding area of the Company’s recently inaugurated processing plant in Etzatlan, Jalisco.
AABB continues to implement its mining property portfolio strategy to optimize development capital utilization. By focusing operations in specific regions of Mexico, AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success.
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.
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