Welcome to our dedicated page for Minehub Technolo news (Ticker: MHUBF), a resource for investors and traders seeking the latest updates and insights on Minehub Technolo stock.
MineHub Technologies Inc. (MHUBF) provides an enterprise SaaS platform digitizing global commodity supply chains through integrated trade management and financial solutions. This page serves as the definitive source for official company announcements, operational updates, and strategic developments.
Investors and industry professionals will find curated news spanning product enhancements, partnership agreements, and financial performance. All content is sourced directly from MineHub's communications to ensure accuracy and timeliness.
The platform's focus areas include digital trade documentation, logistics tracking innovations, and financial process automation – critical areas for stakeholders monitoring supply chain digitization trends. Regular updates reflect MineHub's progress in enhancing transparency across mineral and metal markets.
Bookmark this page to maintain current awareness of MineHub's role in transforming commodity transactions through secure data sharing and workflow optimization technologies. Check regularly for developments impacting supply chain efficiency in mining and related industries.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF) demonstrates strong growth with its digital platform processing $14.7 billion USD in copper and aluminum transactions in 2024. The platform connects over 198 companies across five continents, serving as critical infrastructure for the $1.18 trillion global non-ferrous metals market.
The company's SaaS model generates revenue through volumetric fees tied to metric tons of non-ferrous metals processed, delivering significant customer benefits including up to 80% reduction in processing times. A notable success case shows a wire and cable manufacturer achieving $1.2M annual savings and 66% inventory reductions through the platform.
MineHub's ecosystem creates powerful network effects, with new customers finding 75% of their partners already onboarded. The platform has shown concrete results, including an 8% reduction in gate receiving times through digital bills of lading integration.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF) has launched its new Document Uploader feature, designed to automate and streamline document management in commodity supply chains. The tool automatically identifies and uploads essential documents like Bills of Lading and Certificates of Analysis directly to the platform, replacing inefficient email-based processes.
The system uses identifiers such as Shipment or Bill of Lading IDs to organize documents automatically, creating an audit trail and improving operational efficiency. Key features include automated uploads, email notifications for new documents, centralized management, and seamless audit trails. MineHub plans to expand the tool's capabilities to include invoice and contract documents in future updates.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF) reaffirms its commitment to supporting metals and mining companies with digital solutions amid evolving trade policies and tariff situations. The company's platform addresses supply chain disruptions through real-time visibility, inventory optimization, and secure collaboration tools.
The platform becomes particularly relevant as global trade policies undergo significant changes, affecting metals supply chains. For instance, Canada's role as a major aluminum supplier to the US (approximately two-thirds of US primary aluminum needs) faces potential disruptions, forcing companies to hold larger inventories.
MineHub's solution offers features including shipment tracking, inventory forecasting, secure document management, and sustainability reporting tools. These capabilities help companies enhance operational efficiency, adapt to market changes, reduce risks, and maintain environmental compliance, particularly important with regulations like the Carbon Border Adjustment Mechanism (CBAM).
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF) reported significant achievements in 2024, expanding its digital supply chain platform globally. Key developments include onboarding most of Codelco's global copper cathode contracts, signing an agreement with a major Canadian bank for their Consignment Module, and establishing a strategic partnership with Abaxx Technologies who acquired a 19.87% stake.
The company expanded in Asia by securing its first Chinese smelting company and broadening its agreement with Sumitomo to include all non-ferrous metals. MineHub also partnered with Beijing-based Elane Technology, owner of CargoGo. The successful pilot program with Southwire and Panama City Port Authority achieved 100% truck tracking coverage and 8% reduction in plant receiving times before transitioning to full commercial use.
Leadership updates include appointing Troy Bullock to the Board, Monika Russell as CFO, and Esther Babb as COO. For 2025, MineHub plans to expand globally, grow Annual Recurring Revenue, explore adjacent markets, and strengthen profitability.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF) has completed its strategic partnership transaction with Abaxx Technologies (Cboe CA: ABXX). Through this deal, Abaxx increases its ownership in MineHub from 10.83% to 19.87%. The transaction involves MineHub receiving 237,192 Abaxx shares in exchange for issuing 8,810,000 MineHub shares at C$0.35 per share. Haywood Securities, acting as financial advisor, received 516,530 MineHub shares at C$0.35 per share. The MineHub shares issued carry a four-month hold period, while the Abaxx shares received under their December 20, 2024 prospectus supplement have no hold period.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF) reported its Q3 fiscal 2025 financial results. The company's year-to-date revenue increased 19% year-over-year, with customers transacting US$11.5 billion in commodities on the platform. Q3 revenue was $402,211, down from the previous year due to transition to a SaaS model. The company recorded a Q3 net loss of $1.8 million.
Key developments include expansion in Asian markets through partnerships with Sumitomo and Elane Technology. Additionally, Abaxx Technologies plans to increase its strategic ownership in MineHub to 19.99%, acquiring shares at $0.35 per share for $3,083,500 in cash or equivalent Abaxx shares.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF), a digital supply chain solutions provider for commodity markets, has scheduled an investor webinar to discuss its third quarter financial results for the period ended October 31, 2024. The results will be released after market close on December 18, 2024.
The webinar will take place on December 19, 2024, at 9:00 am PT (12:00 pm ET). CEO Andrea Aranguren and CFO Monika Russell will lead the presentation, providing a corporate update, reviewing Q3 financials, and discussing the company's outlook, followed by a Q&A session.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF) has entered into a definitive agreement with Abaxx Technologies (Cboe CA: ABXX) dated December 3, 2024. Under the agreement, Abaxx will increase its ownership in MineHub from 10.83% to 19.99% by acquiring 8,810,000 common shares at $0.35 per share.
The transaction, valued at $3,083,500, can be completed either through cash payment or the issuance of 237,192 Abaxx common shares, at Abaxx's discretion. The deal is set to close by December 31, 2024, subject to TSXV approval and other conditions. The MineHub shares issued will have a four-month hold period from the closing date.
MineHub Technologies has partnered with Elane Technology, owner of CargoGo, a major visibility platform in China serving 57 Fortune Global 500 companies. The strategic collaboration aims to enhance shipment tracking capabilities across Asian commodity markets by integrating MineHub's cloud-based platform with CargoGo's logistics solutions. The partnership is particularly significant given China's dominant position in the non-ferrous metals industry, having produced 74.698 million tons in 2023 with a trade volume of US$ 331.54 billion. The sector showed strong growth of 10.8% year-on-year in H1 2024.
MineHub Technologies announced that Abaxx Technologies will increase its strategic ownership from 10.83% to 19.99% through the acquisition of 8,810,000 common shares at $0.35 per share. The transaction, valued at $3,083,500, will be completed either through cash payment or the issuance of 237,192 Abaxx shares. The partnership aims to explore commercial and product collaboration opportunities, including data integration, market expansion, and enhanced digital tools. The transaction is expected to close by December 31, 2024, subject to regulatory approvals.
