Asia Broadband Signs Letter of Intent to Sell the Bonanza Property Concession in Nayarit, Mexico

Core Viewpoint - Asia Broadband Inc. has signed a Letter of Intent for the sale of its Bonanza mineral property in Mexico, which is expected to enhance the company's financial position and allow a focus on high-grade mineral asset investments [1][2]. Group 1: Sale of Bonanza Mineral Property - The company is in the final stages of negotiations for the sale of its 100% wholly-owned Bonanza mineral property located in Acaponeta, Nayarit, Mexico [1]. - The sale is anticipated to be finalized and announced next week, contributing positively to the company's financial standing [1]. Group 2: Financial Position and Investment Focus - Proceeds from the sale will strengthen the company's financial position and enable a focus on high-grade mineral asset investments near its processing plant in Etzatlan, Jalisco [2]. - The company is implementing a mining property portfolio strategy to optimize development capital utilization [3]. Group 3: Operational Strategy - By concentrating operations in specific regions of Mexico, the company leverages its comparative advantage in development resources and expertise for rapid expansion [3]. - The company aims to replicate its previous gold production success through this focused operational strategy [3]. Group 4: Company Overview - Asia Broadband Inc. is a resource company focused on precious metals production and physical gold holdings accumulation [4]. - The company differentiates itself through its geographic expertise, industry contacts, and asset diversification, creating unique value for shareholders [4]. - Additionally, the company has a digital assets segment, including a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [4].