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 appointed a cryptocurrency and blockchain expert to enhance the AABB Exchange's operational efficiency. This strategic move aims to improve the Exchange's architecture and management, supporting the development of the AABBG gold-backed token. A preliminary advertising campaign for the token and Exchange has been launched at Los Angeles Airport. The Company employs a unique Mine-to-Token approach to achieve independence from FIAT currency, enhancing its market position and shareholder value.
Asia Broadband Inc. (OTC: AABB) has reinstated the Convert feature in the AABB Wallet, allowing users to buy AABBG gold-backed tokens using other cryptocurrencies. The feature had been disabled for enhancements to the AABB Exchange. The AABBG token is backed by $30 million in physical gold, with a current market backing of about $5.50 per token. Future releases will also be gold-backed. The company aims for independence from fiat currency through its Mine-to-Token model. Additionally, the PayAABB online payment processing solution is set to launch soon.
Asia Broadband Inc. (OTC: AABB) has announced the completion of a geological technical report for its Bonanza Gold Mine Project in Nayarit, Mexico, estimating gold and silver resources exceeding $10 million at current prices. The report will guide the company's exploration and production efforts, capitalizing on high-grade gold assay results of over 10 grams per ton. Management expresses confidence in the project's potential for rapid expansion and profitability, aligning with AABB's strategy to increase gold production and holdings, while optimizing asset development.
Asia Broadband (OTC: AABB) announced the allocation of its first restricted stock dividend, distributing 1 share for every 100 shares owned to shareholders as of September 15, 2022. This initiative aims to reward its loyal shareholder base amidst the company’s ongoing growth in gold mining and digital assets, including the introduction of a gold-backed cryptocurrency, AABBG. AABB seeks to strengthen its market position through vertical integration in the supply of precious metals.
Asia Broadband Inc. (OTC: AABB) has announced approval for two stock dividends aimed at rewarding shareholders for their loyal support. The first dividend's allocation details are expected next week. This initiative is part of the company's ongoing corporate strategy to enhance shareholder engagement tied to its gold mining operations and digital asset ventures. AABB focuses on precious metal production and distribution primarily to Asian markets while also expanding its digital assets portfolio through its gold-backed cryptocurrency, AABBG, and the AABBExchange.
Asia Broadband Inc. (OTC: AABB) announces the upcoming completion of the geological technical report for its Bonanza Gold Mine Project in Nayarit, Mexico. The report, delayed to explore promising mineral indications, is expected this month. Assay results have shown high-grade gold values exceeding 10 grams per ton. The company anticipates further expansion and development following the report's delivery. Additionally, a geological report for the Tequila gold mine project is also anticipated soon, enhancing AABB's production capabilities and strategic positioning in the gold market.
Asia Broadband Inc. (OTC: AABB) has initiated procurement assessments for mining processing equipment, essential for expanding production capabilities. The company is upgrading facilities in Tequila, Mexico, aiming to double processing capacity to 100 tons per day. With planned large-scale expansions, AABB expects enhanced throughput and reduced costs, positively impacting gross profit margins. Additionally, AABB focuses on the precious metals market, leveraging geographic expertise and a unique distribution strategy, while also exploring digital assets with its gold-backed cryptocurrency.
Asia Broadband Inc. (OTC: AABB) has signed a definitive agreement to acquire a 100% interest in the La Paz Gold Mine Project in Mexico for $700,000. This acquisition encompasses a 184 hectare concession in Jalisco and is part of AABB's strategy to expand its gold production and enhance physical gold holdings. The company aims to leverage its comparative advantages in the region for rapid operational growth. AABB continues to focus on integrating its mining and digital assets sectors, offering a new gold-backed cryptocurrency to strengthen its market presence.
Asia Broadband Inc. (OTC: AABB) announced signing a Letter of Intent to develop Non-Fungible Token (NFT) platforms, aiming to establish operations in the growing digital business segment. With plans to expedite the implementation of its NFT strategy, AABB is focusing on creating multiple NFT marketplaces across various digital content categories. The NFT market surged past $40 billion in 2021, continuing its upward trend in 2022. AABB also leverages its existing blockchain technology for efficient NFT transactions, enhancing its digital asset portfolio.
Asia Broadband Inc. (OTC: AABB) is set to complete a retrofitting upgrade at its Tequila mining property in Mexico, aiming to increase production capacity from 50 tons per day (tpd) to 100 tpd within six months. This upgrade is expected to enhance gross profit margins through greater extraction efficiency. Additionally, the company plans a major expansion later this year, leveraging automated mining technologies. A geological assessment report is anticipated soon, which will support further development and resource optimization in the region.