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Asia Broadband Signs Letter Of Intent For Revolutionary rGO Gold Recovery System Licensing, As Negotiations Continue With Other Top-Tier Miners
Globenewswire· 2025-11-19 13:00
Core Insights - Asia Broadband Inc. has signed a Letter Of Intent (LOI) with a top-tier mining company for a future licensing agreement related to its reduced graphene oxide (rGO) nanotechnology aimed at maximizing gold recovery [1] - The company is actively negotiating with other Latin American precious metal producers for licensing and joint ventures, indicating a strong growth opportunity to monetize its intellectual property [2][5] - The rGO system is expected to significantly enhance gold recovery efficiency, particularly from low-grade ores and tailings, with early-stage modeling suggesting recovery efficiencies greater than 95% for gold ions [4] Licensing and Revenue Models - The company is exploring multiple licensing structures, including exclusive territory rights, royalties per ounce recovered, and technical joint venture models with revenue-sharing potential [2] - The rGO technology is positioned within a $30 billion precious metals recovery market, highlighting substantial licensing and scaling opportunities for the company [5] Production and Development Plans - Asia Broadband is in the planning phase to create a modular pilot unit at its Etzatlan, Mexico production facility, with plans to install a 50 TPD rGO-based treatment line for data collection and optimization [3] - The integration of rGO membrane systems is anticipated to dramatically improve recovery rates and reduce gold loss in tailings, contributing to a more sustainable mining operation [4][6] Environmental and Economic Benefits - The rGO system is aligned with green mining goals, offering benefits such as higher purity of recovered metals, lower chemical reagent costs, and a closed-loop sustainability model [6] - The company aims to boost profitability through both its existing production and the expanded throughput enabled by the rGO technology [2]
AABB Acquires Revolutionary rGO Gold Recovery System in $23.5 Million Share Deal Collaboration
Globenewswire· 2025-07-31 12:00
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]