Asia Broadband Inc - AABB stock

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OTC Symbol: AABB | OTC Tier: Pink Current

Overview

Asia Broadband (OTC: AABB) is a resource company that aims to supply base metals to Asian markets from mining operations in Mexico.

AABB jumped on the crypto bandwagon by launching a golf backed token in March 2021 and is in the process of building a cryptocurrency exchange. No data is collected and transactions are 100% invisible to third parties. At this initial stage, the AABB Wallet has opened trade for purchases who want to transfer AABB Gold tokens to other users who also have the AABB Wallet. This preliminary version is meant to increase token circulation and generate revenues that can support and stabilize the token price once AABBG is openly tradable on the market.

On July 21, 2021 the company issued an operations update via a press release. In the update they stated that two properties under evaluation in Columbia and Mexico were deemed not feasible for the rapid development projects they are seeking. In addition, they announced continued due diligence on other properties in Mexico. A project in Colima, Mexico is awaiting special permitting to move ahead with expanding infrastructure , conducting geophysics capture, and initiating a drilling exploration program. They also announced the opening of a central operations office in Mexico City.

Mining Projects

The company is in the process of acquiring mining concessions in Mexico as part of their strategy to focus on areas "where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success." They have discontinued development of the Los Reyes and Colima properties.

Acaponeta, Bonanza

The Acaponeta gold project is a key part of AABB's expansion into physical gold holdings and gold production. This project is located approximately 3 kms from the town of El Carrizo. It includes infrastructure, two mine sites, and a processing facility capable of producing 200 tons per day. AABB has signed a letter of intent to acquire this concession.

Tequila Gold Mine

Located near San Martin de las Canas, approximately 70 kilometers from Guadalajara. Like Acaponeta, this project is part of the plan to increase physical gold holdings. Note that the previous exploration company was not able to agree to terms with the property owner. AABB has signed a letter of intent for an 80% interest.

Buen Pais, Zodiac

This concessions is located approximately 15 kms from Tonila and 30 kms from Colima. AABB has an agreement to acquire a 100% interest and an option to acquire two more concessions for $700,000.

La Paz Gold Mine

The company owns 100% of the La Paz mine in Etzatlan, Jalisco, Mexico. The first phase of drilling resulted in 1,088 meters being drilled. Phase II began in May, 2024.

Picachos IV

An agreement was signed to purchase property in Hostotipaquillo, Jalisco, Mexico for $1,000,000. This property encompasses 4,081 hectares adjacent to GoGold Resources Los Ricos South property.

NFT Ventures

GoldenBaboons.com

Bolden Baboons is an NFT collection backed by gold and available on the Ethereum blockchain. In addition, the project owns 'Tequila Falls', which is Metaverse land in a a collection owned by Yuga Labsthe called the Otherside. Every NFT will be unique as they are created by software which chooses hand drawn traits from 8 categories. There are millions of potential combinations of traits. Discussions about the new NFT collection and story are being held on Discord and Twitter.

AI Summary of Company Website

This summary of the company website, social media and other sources, is provided by artificial intelligence and the content is NOT moderated, edited, or checked for accuracy.

History of Asia Broadband Inc.

Asia Broadband Inc. (AABB) was founded in 1996 and is headquartered in Las Vegas, Nevada, USA. The company operates primarily as a resource firm specializing in the production, supply, and sale of precious and base metals to Asian markets. Over the years, AABB has expanded its operations through strategic acquisitions, particularly focusing on high-potential gold projects in Mexico.

Products and Services

• Mining and Metals: Through its subsidiary, Asia Metals Inc., AABB engages in the mining, processing, and sale of precious metals such as gold and silver. They have secured interests in several mine projects, notably in Mexico, including the Zodiac Gold Mine Project and the La Paz Gold Project.
• Cryptocurrency and Digital Assets: AABB has ventured into the digital currency space with the following offerings:
  • AABB Gold Token (AABBG): A gold-backed cryptocurrency where each token represents a fraction of physical gold held by AABB. This token aims to provide stability and potential for price appreciation based on gold market dynamics.
  • AABB Wallet: A proprietary digital wallet for managing AABBG tokens, allowing users to perform transactions and exchange tokens for other major cryptocurrencies like Bitcoin and Ethereum.
  • Cryptocurrency Exchange: AABB has developed its own exchange platform to facilitate the trading of AABBG against other cryptocurrencies, aiming to generate transaction fee revenue.
• Non-Fungible Tokens (NFTs): The company has also entered the NFT market by launching collections like the "Golden Baboons" and "Golden Rascals" on platforms like Solana and Bitcoin Ordinals, aiming to capitalize on the growing digital art and collectibles market.

Strategy

• Vertical Integration: AABB employs a vertically integrated approach, controlling the entire supply chain from mining to sales, which differentiates it from competitors and potentially offers better margins and control over quality and supply.
• Geographic Expertise and Industry Contacts: The company leverages its deep expertise in Asia and Mexico, using extensive industry contacts to facilitate its distribution process.
• Innovation in Digital Assets: AABB is focusing on expanding its footprint in the digital economy by integrating traditional commodity markets with blockchain technology, aiming to create a secure, trusted standard of exchange with gold-backed digital assets.
• Market Expansion: There's a clear strategy to grow in high-growth markets like India and China, utilizing their interest in gold and digital currencies respectively.
• Shareholder Value: The company has initiatives like share dividends to reward shareholders, indicating a focus on maintaining and increasing shareholder value over time.
• Operational Efficiency: AABB maintains a low-cost base to maximize funds available for exploration and production, ensuring rapid advancement of its business segments.

In summary, Asia Broadband Inc. is strategically positioning itself at the intersection of traditional mining and the burgeoning digital and cryptocurrency market, aiming for innovation and market expansion while maintaining a strong operational base in resource extraction.