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Asia Broadband - Phase 2 Production Line Processing Plant Equipment Received From China and On Track for Build-Out
Globenewswireยท 2025-07-17 12:00
Core Viewpoint - Asia Broadband Inc. (AABB) has received a significant delivery of Phase 2 production line processing equipment from China for its new facility in Etzatlan, Mexico, which opened in April 2025, indicating progress in expanding its operational capacity [6][9]. Equipment Delivery and Integration - AABB received 6 containers of equipment from Mecru Heavy Industry Technology Co. Ltd., including centrifugal concentrators, press filters, and hydraulic thickening equipment, with 4 additional containers expected in 2 to 3 weeks containing spare parts [7]. - All thickener tank and agitation tanks are being fabricated off-site and are on schedule for completion and delivery, with a 9' x 14' - 500 tons per day Ball Mill ordered and expected in 6 to 8 weeks [8]. Management Statements - Chris Torres, AABB President and CEO, expressed that the company is making rapid progress in integrating the new equipment into the facility and is eager to expand capacity [9]. Future Plans - AABB is nearing completion of evaluations for a large mining property acquisition and expects to enter purchase negotiations in the coming weeks, with further details to be announced [10]. Company Overview - Asia Broadband Inc. focuses on precious metals production and physical gold holdings, leveraging geographic expertise and industry contacts to enhance its operations in Mexico [11]. - The company also has a digital assets segment, including a gold-backed cryptocurrency and NFT collections, aiming to establish a stable and trusted standard of exchange [11][13].