Welcome to our dedicated page for Asia Broadband news (Ticker: AABB), a resource for investors and traders seeking the latest updates and insights on Asia Broadband stock.
Asia Broadband Inc. (OTC: AABB) is a resource company focused on precious metals production and the accumulation of physical gold and silver holdings, with operations centered in Mexico. The AABB news feed on Stock Titan brings together company announcements that describe how Asia Broadband develops its gold and silver projects, expands processing capacity and manages its digital asset initiatives.
News about AABB often covers operational updates at its Etzatlan, Jalisco gold and silver processing facility, including production trends, expansion phases and responses to events such as severe weather-related interruptions and subsequent repairs and restructuring. The company also reports on new processing and production agreements for large-scale ore stockpiles, mining asset evaluations and capital allocation plans aimed at prioritizing high-potential projects.
Asia Broadband regularly issues updates on its digital assets segment, including the AABBG mine-to-token gold-backed cryptocurrency, the planned AABBS silver-backed token and associated products such as the AABB Wallet and NFT collections. These releases provide insight into how the company links its physical metal production to tokenized assets and related offerings.
Additional news items may include information on technology initiatives such as the company’s reduced graphene oxide (rGO) gold recovery system, as well as statements about planned legal actions related to alleged market manipulation of AABB shares. Investors and observers can use this page to review Asia Broadband’s own descriptions of its mining operations, expansion projects, digital asset developments and corporate actions over time.
Asia Broadband Inc. (OTC: AABB) announced updates on its mining properties, focusing on optimization for rapid expansion in Mexico. The company has discontinued previous exploration initiatives in Colombia and Mexico due to feasibility concerns. AABB is conducting due diligence on potential acquisitions in Los Reyes and Acaponeta-Bonanza, with assessments expected by September. A new storage facility in Buenavista is operational, and a central office in Mexico City is forthcoming. The company is also transferring its gold bullion to a more secure location.
Asia Broadband Inc. (OTC: AABB) announced significant progress in developing its proprietary cryptocurrency exchange and AABBG gold-backed token. Following the AABBG launch, over 187,000 lines of code have been written for the Exchange, set for testing in August and a live launch in September. The Exchange aims to allow users quick two-way exchanges with major cryptocurrencies, increasing transaction fee revenues. AABBG's unique features position it as a stable investment, while future developments include a modular Digital Assets Exchange and enhanced AABB Wallet functionality for iOS and Android apps.
Asia Broadband Inc. (OTC: AABB) announced the retirement of 120 million restricted common shares, exceeding the previously approved reduction of 107 million shares. This initiative aims to enhance shareholder value through a reduced outstanding share count. Additionally, AABB plans to provide updates on its cryptocurrency exchange development and mining operations status. AABB is focused on the production and sale of precious metals, utilizing its expertise in Asia, and has launched a gold-backed cryptocurrency, AABBG, aiming for broad market adoption.
Asia Broadband (OTC: AABB) is advancing its business strategy in Central America, focusing on the El Salvador market to enhance demand for its AABBG token. The company aims to secure agreements with major retailers for AABBG transactions, alongside launching a Spanish version of the AABB Wallet. With El Salvador's adoption of Bitcoin as legal tender, approximately 70% of its 6 million inhabitants lack bank accounts but have mobile access, presenting a significant opportunity for AABBG. Furthermore, remittances to El Salvador, worth $5 billion annually, could benefit from the cost-effective and rapid cryptocurrency transfers.
Asia Broadband Inc. (OTC: AABB) announces significant milestones in developing its proprietary cryptocurrency Exchange and AABBG gold-backed token. The upcoming Exchange enables AABB Wallet users to exchange AABBG for major cryptocurrencies like Bitcoin and Ethereum. Scheduled for testing in mid-August and launching in September, it will feature Quick and Advanced Exchange options with at least 20 trading pairs. The Exchange is expected to boost transaction fee revenues and enhance AABBG's value. AABB also plans to upgrade its Wallet application and introduce a Web version by June's end.
Asia Broadband, Inc. (OTC: AABB) plans to launch two innovative trading methods in its proprietary cryptocurrency exchange by September 2021: the Quick Exchange for fast currency trades and the Advanced Exchange for setting custom buy/sell orders. The exchange aims to ensure high liquidity, reducing the risk of price manipulation. AABB is enhancing its KYC/AML compliance and blockchain foundation to support user-friendly transactions. The exchange will feature at least 20 trading pairs, including the AABB Gold (AABBG) token, which is gaining traction as a stable investment.
Asia Broadband Inc. (OTC: AABB) has announced the retirement of 107 million restricted common shares, enhancing shareholder value. This process is initiated and expected to complete shortly. Furthermore, AABB will release an update on its cryptocurrency exchange, associated with their AABB Wallet, allowing users to exchange AABBG tokens for major cryptocurrencies like Bitcoin and Ethereum. This development aims to boost transaction fee revenues and potentially influence AABBG's market demand and price appreciation.
Asia Broadband Inc. (OTC: AABB) announced positive preliminary assay results from mapping and rock samples during due diligence for a Letter of Intent to acquire a historic gold mine in Acaponeta, Mexico. The assays revealed high-grade gold values of 10.4 g/t, 8.9 g/t, and 6.8 g/t from non-targeted samples. The company plans to collect preliminary drilling samples soon and is optimistic about confirming further high-grade results. This strategic acquisition aims to enhance AABB's gold production capabilities and increase physical gold holdings.
Asia Broadband Inc. (OTC: AABB) has made significant progress in its due diligence to acquire a historic gold mine in Acaponeta, Nayarit, Mexico. Recent assays revealed high-grade gold values, including up to 10.4 grams per ton. The company plans to conduct further drilling and anticipates a swift acquisition completion. This project aligns with AABB's strategy to enhance gold production and increase its holdings. The company is optimistic about the project's potential, focusing on fast development and low operating costs.
Asia Broadband Inc. (OTC: AABB) has reported a robust financial position with over $100 million in assets in its Q1 2021 results. The company has launched AABBG, a gold-backed cryptocurrency, accumulating roughly $1.5 million in token sales. A marketing campaign is set to enhance brand visibility and increase sales significantly. AABB is also in discussions regarding potential gold mining projects aimed at boosting production and physical gold holdings. However, the distribution process for restricted share dividends may take longer than anticipated.
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