Minehub Technolo - MHUBF STOCK NEWS

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.

MineHub Technologies has launched its Assay Exchange Dashboard, a new tool designed to optimize concentrates operations for mining companies. The dashboard provides real-time tracking of concentrates deals, shipment monitoring, and assay workflow status. The system integrates external data from labs and surveyors, enabling digital vessel nominations and contract confirmations. According to CEO Andrea Aranguren, the solution can reduce assay exchange times by up to 10 days. The platform features customizable dashboards and analytics tools to help users analyze lab performance and optimize their assay exchange strategies.