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ASIA BROADBAND (AABB) Stock News, Oct 2020-Feb 2021

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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.

Rhea-AI Summary

Asia Broadband Inc. (OTC: AABB) is collaborating with Turner, Stone & Company, LLP to complete its auditing processes, aiming for financial statement audits necessary for an uplisting. Recently, AABB sold its mining operations in the Guerrero Gold Belt, Mexico, for $82 million, which showcases its operational success. The company is also focusing on its Colima, Mexico, gold property, allocating $10 million for initial development to enhance production. Infrastructure construction has already begun as part of this initiative.

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Asia Broadband Inc. (AABB) is nearing the completion of a development agreement with a digital asset creator to launch a gold-backed cryptocurrency. The discussions include the coin's design and implementation timeline and are aimed at diversifying revenue and monetizing gold production. The company states it plans to unveil more details in the coming weeks. AABB specializes in the production and sale of precious metals, primarily targeting Asian markets through a vertically integrated model, enhancing its market differentiation.

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Asia Broadband Inc. (AABB) announced the initiation of its mine development program in Colombia, focusing on expansion and production facilities for a newly acquired gold mine. The site spans 912 hectares and includes an artisan mining area with historical gold and silver production. The company is also pursuing further acquisitions across South and Central America and Mexico, aiming to replicate the success of its existing operations in Guerrero, Mexico. AABB's strategy leverages its geographic expertise and industry contacts to enhance precious metal distribution primarily targeting Asian markets.

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FAQ

What is the current stock price of ASIA BROADBAND (AABB)?

ASIA BROADBAND (AABB) last closed at $0.0114.

What is the market cap of ASIA BROADBAND (AABB)?

The market cap of ASIA BROADBAND (AABB) is approximately $52.9M.