Asia Broadband Secures Innovative rGO Gold Recovery Tech Deal
Asia Broadband Inc.'s Groundbreaking Acquisition
Asia Broadband Inc. (OTC: AABB) is thrilled to share an exciting development in the realm of gold recovery technology. The company has secured proprietary reduced graphene oxide (rGO) gold recovery technology. This revolutionary system, sourced from a specialized consortium of mining professionals, is set to enhance AABB's operations significantly.
Details of the Acquisition
The acquisition entails full rights and proprietary processes linked to a high-performance rGO membrane system. This was exchanged for 940 million shares at a price of $0.025 each, culminating in a transaction valued at an impressive $23.5 million. The collaboration not only boosts AABB's operational capabilities but also heralds the onboarding of several new board members from the consortium in the near future.
Transforming Daily Production and Recovery Rates
With operational plants in strategic locations within Mexico, AABB processes around 300 tons of ore each day. The introduction of the rGO membrane systems at these sites is predicted to revolutionize gold and silver recovery rates. Particularly benefiting from this technology are low-grade or refractory ores and tailings stockpiles.
Initial models indicate recovery efficiencies exceeding 95% for Au ions, utilizing environmentally friendly and non-cyanide leaching methods. By implementing this advanced technology, AABB anticipates a considerable increase in its annual net profits through the following:
- Significantly reduced gold losses in tailings
- Higher purity levels in recovered metals
- Decreased chemical reagent costs
- Promoting a closed-loop system, enhancing sustainability and reducing environmental impacts
Licensing Expansion Opportunities
AABB does not just plan to enhance its own operations with this new technology but is also looking to license it to other producers globally, tapping into an estimated $30 billion recovery market. Proposed licensing structures are under development, including:
- Flat fees coupled with per-ton processed royalty models
- Joint venture options for remote ore processing
- Mobile containerized solutions designed for artisanal or remote operations
Upcoming Pilot Unit Deployment
A modular pilot unit is set to be deployed within 90 days at the Etzatlan site, with a subsequent 50 tons per day rGO-based treatment line to follow. This will facilitate data collection, ongoing optimization, and pave the way for full-scale implementation.
Leadership Insights
Expressing enthusiasm for this new venture, Chris Torres, President and CEO of AABB, stated, “This represents the most significant advancement in gold recovery technology since thiosulfate chemistry. The rGO system not only aligns perfectly with our eco-friendly mining objectives but will also substantially enhance profitability through increased throughput.”
About Asia Broadband Inc.
Asia Broadband Inc. (OTC: AABB) is focused on precious metals production and building gold holdings. The company leverages its in-depth geographical knowledge, industry experience, and strong contacts in Mexico to expand its precious metals interests. What sets AABB apart is its strong integration within the Mexican mining industry, providing unique value to its shareholders.
In addition to its mining operations, AABB has ventured into digital assets, notably with the AABBG mine-to-token gold-backed cryptocurrency. This initiative includes the AABB Wallet and unique NFT collections like the Golden Baboons Mining Club and Shorts Rascal Club. AABB's cryptocurrency is designed to uphold a stable and trusted standard of exchange with the backing of gold, further enhancing its appeal compared to other digital assets.
Company Contact Information
For inquiries regarding AABB, you can reach out through the following:
Email: ir@asiabroadbandinc.com
Support: support@aabbgmine2token.com
Phone: 702-744-4785
Visit us at: www.asiabroadbandinc.com
For more about our digital assets: www.aabbgmine2token.com
Explore our NFTs: www.goldenbaboons.com
Frequently Asked Questions
1. What is the rGO technology acquired by AABB?
The rGO technology is a proprietary gold recovery system designed to enhance recovery rates and improve sustainability in the mining process.
2. How much did AABB spend on the acquisition?
AABB acquired the rGO technology for 940 million shares valued at $23.5 million.
3. What are the anticipated benefits of the rGO system?
The rGO system is expected to increase recovery rates, lower costs, and promote environmental sustainability.
4. Where are AABB's production facilities located?
AABB operates beneficiation plants in Etzatlan and Tequila, Mexico.
5. How does AABB plan to expand the use of rGO technology?
AABB intends to license the rGO technology to other mining producers worldwide, tapping into a large market for gold recovery.
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