AABB Buys Mexico Gold-Silver Mine for $5.5M, Targets Q4 Processing

The LOI is non-binding except for standard exclusivity, confidentiality, and due diligence clauses. Closing depends on a definitive agreement, satisfactory title and technical verification, and any required regulatory approvals.

AABB has been building out its Mexican precious-metals footprint through a mix of acquisitions and its own processing capacity. The company also runs a digital-assets segment that issues gold- and silver-backed tokens (AABBG and AABBS) through its GoldAxis Wallet, plus two NFT collections. The mine-to-token model ties physical production directly to the token supply, which Torres has previously pitched as a differentiator from unbacked cryptocurrencies.

The Etzatlán concession adds underground tonnage to a portfolio that has relied more on surface and near-surface material. Underground mines typically carry higher operating costs but also higher grades, which can support margins if the historical assays hold up through the company's own drilling program.

More details on the concession's resource estimate, mine plan, and production timeline are expected after the definitive agreement is signed.