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LAS VEGAS - Asia Broadband Inc. (OTC:AABB), a $105.73 million market cap mining company, has received a significant delivery of Phase 2 production line processing equipment from China for its Etzatlan, Mexico facility that opened in April 2025, according to a company press release issued Thursday. The company’s stock has shown strong momentum this year, with a 40.65% gain year-to-date, despite a recent 9.15% decline over the past week, according to InvestingPro data.
The company reported receiving six containers of equipment from manufacturer Mecru Heavy Industry Technology Co. Ltd. based in Zhengzhou, China. The delivered equipment includes centrifugal concentrators, press filters, hydraulic center-driven thickening equipment, thickener tank bridges and slurry pumps.
An additional four containers containing primarily spare parts are expected to arrive within the next two to three weeks. The company also stated that a 500-tons-per-day ball mill for the Phase 2 production line has been ordered with delivery anticipated in six to eight weeks.
"We are making rapid progress in the early stages of integrating our new Phase 2 equipment into the facility in Etzatlan," said Chris Torres, AABB President and CEO, in the statement.
The company also mentioned it is nearing completion of evaluations regarding a potential large mining property acquisition, with purchase negotiations expected to begin within the next several weeks.
Asia Broadband describes itself as a resource company focused on precious metals production and physical gold holdings in Mexico. The company also maintains a digital assets business segment with a gold-backed cryptocurrency and NFT collections.
The information in this article is based on a press release statement from Asia Broadband Inc.
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