Asia Broadband Inc. reports company developments across precious-metals mining, mineral processing and digital assets linked to physical bullion. News for AABB centers on its gold and silver operations in Mexico, including the Etzatlan processing facility, mining-asset expansion planning, production-line repairs, and the integration of reduced graphene oxide technology for gold recovery.
The company also announces product and platform updates tied to its precious-metal-backed digital asset strategy. Recurring topics include the GoldAxis wallet, the AABBG gold-backed token, the AABBS silver-backed token, multichain wallet functionality, physical bullion backing, and corporate updates on mining and cryptocurrency projects.
Asia Broadband Inc. (OTC: AABB) has secured a historic processing and production agreement for a 4 million ton gold and silver ore stockpile in Jalisco, Mexico, valued at over $800 million. The company will build a new processing mill with a $3 million budget, initially set for 200 tons per day, projected to generate over $11 million annually. AABB aims to expedite mill expansion to 1,000 tons per day post-establishment. This agreement marks a significant step in AABB's strategy to enhance gold production and physical holdings.
Asia Broadband Inc. (OTC: AABB) has announced a significant long-term processing and production agreement for a large-scale gold and silver ore stockpile located in Etzatlan, Jalisco, Mexico. This milestone project marks the largest high-yield asset addition in the company's history, part of its strategic efforts to expand gold production and increase its physical gold holdings. Further details are expected next week, highlighting AABB's commitment to resource production and innovative distribution to Asian markets.
Asia Broadband Inc. (AABB) announces its entry into the NFT market with its collection named Golden Baboons Mining Club, which is nearing release. The company aims to leverage its expertise in the gold sector and digital assets to drive growth. Collaborating with Web 3.0 consultants, AABB plans to increase market awareness and loyalty through this innovative project. The NFT market has reached over $40 billion in 2021 and is projected for long-term growth. AABB's existing blockchain technology positions it well in this emerging sector.
Asia Broadband Inc. (OTC: AABB) announced its mining operations expansion initiative, targeting significantly increased production in 2023. Plans for acquisitions and processing facilities set the stage for organic growth, and management anticipates higher revenues and net assets, expecting the market to recognize AABB's share value. The company is also enhancing its digital asset division with improvements in product functionality. A major announcement regarding growth is expected soon.
Asia Broadband (OTC: AABB) announces its entry into the Non-Fungible Token (NFT) market with proprietary NFT renderings ready for release. This strategic move aims to enhance AABB’s digital asset base, leveraging its blockchain technology to create NFT marketplaces across various digital content categories. With the NFT market having reached over $40 billion in 2021 and expected growth, AABB positions itself for future expansion. The company also aims to differentiate by integrating its existing cryptocurrency systems into the NFT space.
Asia Broadband Inc. (OTC: AABB) has completed a productive quarter at its Tequila Gold Mine, anticipating 3rd quarter revenue to surpass Q2 levels. The company is enhancing its production capacity from 50 tons per day (tpd) to 100 tpd. Equipment installation has been postponed to January 2023 due to heavy rains. Future expansions aim to increase throughput and profitability. CEO Chris Torres emphasizes a growth focus for 2023. The company maintains a strategy for mining property development and has launched a gold-backed cryptocurrency, AABBG, as part of its innovative approach.
Asia Broadband Inc. (OTC: AABB) is nearing completion of a geological technical report for the Tequila Gold Mine Project in Mexico, expanding its resource evaluation due to new mineral indications. This strategic initiative aims to enhance gold production and optimize development through efficient operations and upgrades. The Company's acquisition strategy focuses on leveraging its expertise in Mexican mining regions. AABB also emphasizes its unique vertical integration in the metals supply chain and its innovative digital assets segment, including a gold-backed cryptocurrency.
Asia Broadband Inc. (OTC: AABB) announced a stock dividend of 1 share for every 100 shares held, effective for shareholders on record as of September 15, 2022. The dividend distribution will be managed through brokers for most shareholders, while registered share certificate holders will receive their dividends directly by mail. This initiative aims to reward loyal shareholders and reflects AABB's commitment to growth in its gold mining and digital assets sectors. The company is recognized for its unique approach in facilitating precious metal sales between Mexico and Asian markets.
Asia Broadband Inc. (OTC: AABB) announced the launch of its cryptocurrency payment processing solution, PayAABB.com, aimed at facilitating the acceptance of over 400 cryptocurrencies for online and offline businesses. This solution boasts security features like SSL certificates, Google 2FA, and instant payment confirmations. Merchants can integrate PayAABB as a plugin with no setup costs, enjoying low fees and the ability to receive donations in various cryptocurrencies. This initiative expands AABB's digital assets division and aims to enhance customer retention.
Asia Broadband Inc. (OTC: AABB) has announced the release date for its cryptocurrency payment processing solution, PayAABB, set for September 7, 2022. The launch is in its final testing phases, with AABB's management optimistic about enhancing payment acceptance for online businesses. This development is part of AABB's broader strategy to diversify into digital assets, complementing its core business of supplying precious metals primarily to Asian markets. The company aims to create a stable, gold-backed cryptocurrency standard through its newly introduced digital assets.