News Release
Asia Broadband Inc. (OTC: AABB): A Precious Metals and Digital Assets Play Poised To Pop
RazorPitch - AABB
In today's market, gold is shining brightly due to rising geopolitical tensions in the Middle East and increased demand in China and India. Despite expectations that the Federal Reserve may slow down rate cuts due to persistent inflation and a strong job market, gold prices continue to climb. Gold has long been a unique asset, serving as a reliable store of value. While owning physical gold can be costly and complex, gold mining stocks offer a convenient alternative for investors. They provide the benefits of gold exposure without the logistical challenges. Considering these factors, now might be a good time for investors to explore opportunities in gold mining stocks. One company to watch in this space is Asia Broadband Inc. (OTC: AABB), which is making waves in the precious metals and digital assets sectors. The company’s unique combination of physical gold holdings and innovative digital products sets it apart from its competitors. With a focus on gold production in Mexico and the development of gold-backed cryptocurrency, AABB could be positioned for notable growth. AABB is a resource company that specializes in the production of precious metals and the accumulation of physical gold holdings. Leveraging its geographical expertise and extensive industry contacts, AABB is expanding its precious metals property holdings and production in Mexico. The company’s integration within the Mexican industry and its asset diversification have the potential to provide significant value to its shareholders. One of the distinctive aspects of AABB is its digital assets business segment. The company has developed the AABBG mine-to-token gold-backed cryptocurrency and its proprietary AABB Wallet. These digital assets seek to establish a stable, secure, and trusted medium of exchange backed by gold, with the possibility of price appreciation based on demand. Additionally, AABB has ventured into the NFT market with collections like the Golden Baboons Mining Club and Golden Rascals Club. Doubling Gold Production and Expanding Capabilities In the spring of 2024, Asia Broadband announced a significant achievement: the company had doubled its gold production in the first quarter of 2024 compared to the fourth quarter of 2023. This increase was driven by higher-grade recoveries and enhanced daily throughput levels. Economies of scale from increased production levels also reduced costs, boosting the company's gross profit for the quarter. Additionally, the company announced a new processing plant, currently under construction in Etzatlan, Mexico, that will primarily process the estimated $1 billion in ore value of AABB’s exclusive surface stockpile. The completion of this facility is expected to further elevate the company's production capabilities. Record-Breaking Revenues from the Tequila Gold Mine Project Back in April 2024, AABB reported record revenues of $1.4 million for the first quarter from its Tequila Gold Mine Project in Mexico. This achievement marked a significant milestone, with gold production revenues doubling compared to the last quarter of 2023. Higher-grade recoveries, increased daily throughput levels, and reduced production costs contributed to the substantial increase in gross profit. With the second quarter’s production trending towards equivalent revenues, AABB's mining team continues to implement elevated operational strategies and efficiencies. The company’s focus remains on completing the new processing plant and significantly increasing production from its massive ore stockpile at Etzatlan. Strategic Partnerships and Digital Wallet Development In May 2024, Asia Broadband announced a joint venture with KYN Capital Group (OTC: KYNC) to develop and market a next-generation AABB Wallet. This partnership aims to redefine industry standards by combining expertise to create a cutting-edge digital wallet designed for cryptocurrency transactions. The AABB Wallet, leveraging KYNC’s platform alliances, will offer enhanced functionality and mass market reach. “Our long-term collaboration with KYNC, combined with their blue-chip relationships and tech team, is the future for our AABB Wallet and AABBG gold-backed token,” said Chris Torres. Rick Wilson, CEO of KYN Capital Group, added, “Together, we are poised to make substantial advancements in the financial and precious metals sectors.” Expanding into the NFT Market In June 2024, AABB announced the launch of its third limited edition NFT collection, the Golden Baboons Bitcoin Ordinals. These unique NFTs allow users to attach data to individual satoshis on the Bitcoin blockchain, expanding the company’s presence in the NFT space. Each of the 888 Ordinal Baboons is backed by a half gram of gold, further integrating AABB's gold assets with its digital ventures. Chris Torres emphasized the importance of this expansion, stating, “Our new Golden Baboons Bitcoin Ordinals collection will broaden our market appeal and awareness reach in the NFT space and additionally for AABB.” Surpassing Gold Production Milestones On July 17, 2024, Asia Broadband announced that its gold production had more than doubled in the first quarter of 2024 compared to the fourth quarter of 2023. This achievement was due to higher-grade recoveries and increased daily throughput levels. The economies of scale from higher production levels also reduced costs, significantly boosting the company’s gross profit for both the first and second quarters of 2024. “Our operations team has elevated our production processes in the first and second quarters of this year, and we are eagerly awaiting to extend this expertise to our massive ore stockpile processing when the new plant is complete,” stated Chris Torres. The new processing plant under construction in Etzatlan, Mexico, will primarily process the estimated $1 billion ore value of the company’s exclusive surface stockpile. Conclusion Asia Broadband Inc. (OTC: AABB) is well-positioned for substantial growth with its strategic focus on precious metals production and innovative digital assets. The company’s recent achievements in doubling gold production, record-breaking revenues, and expanding capabilities through new processing facilities and strategic partnerships highlight its potential. As AABB continues to implement its mining property acquisition strategy and develop its digital assets segment, it remains a compelling prospect for investors seeking exposure to both traditional and digital asset markets. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Cambridge Consulting to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 mark@razorpitch.com
July 18, 2024 06:00 AM Eastern Daylight Time
News Release
