AABB Acquires Revolutionary rGO Gold Recovery System in $23.5 Million Share Deal Collaboration

Core Insights - Asia Broadband Inc. has acquired proprietary reduced graphene oxide (rGO) gold recovery technology, enhancing its capabilities in gold and silver production in Mexico [1][2] - The acquisition is valued at $23.5 million, involving 940 million shares priced at $0.025 each, and aims to foster long-term growth and collaboration [2] - The integration of rGO technology is expected to significantly improve recovery rates, particularly from low-grade ores and tailings, with projected efficiencies exceeding 95% for gold ions [3][4] Financial and Operational Impact - The rGO membrane system will enhance daily production at existing plants in Etzatlan and Tequila, which currently process approximately 300 tons of ore daily [3] - The technology opens up licensing opportunities in a $30 billion recovery market, with plans for a modular pilot unit to be deployed within 90 days [4] - The company anticipates increased net annual profits through both its own operations and licensing the technology to other producers globally [4] Leadership and Strategic Vision - The President and CEO of Asia Broadband expressed that the rGO system represents a significant advancement in gold recovery, aligning with the company's green mining goals and enhancing profitability [5] - The company differentiates itself through its geographic expertise and industry contacts, facilitating the expansion of precious metals production in Mexico [5] Additional Business Segments - Asia Broadband also operates a digital assets segment, including a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [5] - The company emphasizes sustainability with reduced environmental impact and lower chemical costs through the new technology [6]