MineHub's 2024 Annual Update and Strategic Outlook for 2025
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) ha riportato risultati significativi nel 2024, espandendo la sua piattaforma digitale per la catena di approvvigionamento a livello globale. Tra i principali sviluppi ci sono l'integrazione della maggior parte dei contratti globali di catodi di rame di Codelco, la firma di un accordo con una grande banca canadese per il loro Modulo di Consignment e l'istituzione di una collaborazione strategica con Abaxx Technologies, che ha acquisito una partecipazione del 19,87%.
L'azienda si è espansa in Asia acquisendo la sua prima azienda di fusione cinese e ampliando l'accordo con Sumitomo per includere tutti i metalli non ferrosi. MineHub ha anche collaborato con Elane Technology, con sede a Pechino, proprietaria di CargoGo. Il programma pilota di successo con Southwire e l'Autorità Portuale di Panama City ha raggiunto una copertura del tracciamento dei camion del 100% e una riduzione dell'8% nei tempi di ricezione degli impianti prima del passaggio all'uso commerciale completo.
Le novità nella leadership includono la nomina di Troy Bullock nel Consiglio, Monika Russell come CFO e Esther Babb come COO. Per il 2025, MineHub prevede di espandersi a livello globale, aumentare le entrate ricorrenti annuali, esplorare mercati adiacenti e rafforzare la redditività.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF) reportó logros significativos en 2024, expandiendo su plataforma digital de cadena de suministro a nivel global. Los desarrollos clave incluyen la integración de la mayoría de los contratos globales de cátodos de cobre de Codelco, la firma de un acuerdo con uno de los principales bancos canadienses para su Módulo de Consignation, y el establecimiento de una asociación estratégica con Abaxx Technologies, que adquirió una participación del 19,87%.
La empresa se expandió en Asia al asegurar su primera empresa de fundición china y ampliar su acuerdo con Sumitomo para incluir todos los metales no ferrosos. MineHub también se unió a Elane Technology, con sede en Pekín, propietario de CargoGo. El exitoso programa piloto con Southwire y la Autoridad Portuaria de Ciudad de Panamá logró una cobertura del 100% en el seguimiento de camiones y una reducción del 8% en los tiempos de recepción en planta antes de pasar a uso comercial completo.
Las actualizaciones de liderazgo incluyen la designación de Troy Bullock en la Junta, Monika Russell como CFO y Esther Babb como COO. Para 2025, MineHub planea expandirse globalmente, aumentar los ingresos recurrentes anuales, explorar mercados adyacentes y fortalecer la rentabilidad.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF)는 2024년 동안 상당한 성과를 보고하며 디지털 공급망 플랫폼을 전 세계로 확장했습니다. 주요 발전 사항으로는 Codelco의 글로벌 구리 양극 계약의 대다수를 온보딩하고, 캐나다의 주요 은행과 위탁 모듈에 대한 계약을 체결하며, 19.87%의 지분을 인수한 Abaxx Technologies와 전략적 파트너십을 구축한 것입니다.
회사는 아시아에서 첫 번째 중국 제련 회사를 확보하고 Sumitomo와의 계약을 모든 비철금속으로 확대하여 확장을 이어갔습니다. MineHub는 또한 베이징에 기반을 둔 Elane Technology와 파트너십을 맺고 있으며, CargoGo의 소유주입니다. Southwire와 파나마시티 항만청과의 성공적인 파일럿 프로그램은 100%의 트럭 추적 범위와 8%의 공장 수령 시간 단축을 달성했습니다. 상업적 사용으로의 전환 전입니다.
리더십 업데이트에는 Troy Bullock을 이사회에, Monika Russell을 CFO로, Esther Babb을 COO로 임명하는 것이 포함됩니다. 2025년을 위해 MineHub는 전 세계적으로 확장하고, 연간 반복 수익을 증가시키며, 인접 시장을 탐색하고, 수익성을 강화할 계획입니다.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF) a annoncé des réalisations significatives en 2024, élargissant sa plateforme numérique de chaîne d'approvisionnement à l'échelle mondiale. Les développements clés incluent l'intégration de la plupart des contrats mondiaux de cathodes de cuivre de Codelco, la signature d'un accord avec une grande banque canadienne pour leur Module de consignation, et l'établissement d'un partenariat stratégique avec Abaxx Technologies, qui a acquis une participation de 19,87%.
L'entreprise s'est étendue en Asie en sécurisant sa première entreprise de fusion chinoise et en élargissant son accord avec Sumitomo pour inclure tous les métaux non ferreux. MineHub a également formé un partenariat avec Elane Technology, basé à Pékin, propriétaire de CargoGo. Le programme pilote réussi avec Southwire et l'Autorité portuaire de Panama City a atteint une couverture de suivi des camions de 100 % et une réduction de 8 % des temps de réception des usines avant de passer à un usage commercial complet.
Les mises à jour de la direction incluent la nomination de Troy Bullock au conseil, de Monika Russell en tant que CFO et d'Esther Babb en tant que COO. Pour 2025, MineHub prévoit de s'étendre à l'échelle mondiale, d'accroître ses revenus récurrents annuels, d'explorer des marchés adjacents et de renforcer sa rentabilité.
MineHub Technologies (TSXV: MHUB) (OTCQB: MHUBF) berichtete 2024 über erhebliche Erfolge und erweiterte seine digitale Lieferkettenplattform weltweit. Zu den wichtigsten Entwicklungen gehören die Integration der meisten globalen Kupferkathodenverträge von Codelco, der Abschluss einer Vereinbarung mit einer großen kanadischen Bank für ihr Konsignationsmodul und der Aufbau einer strategischen Partnerschaft mit Abaxx Technologies, die einen Anteil von 19,87% erworben hat.
Das Unternehmen expandierte in Asien, indem es seine erste chinesische Schmelzfirma sicherte und die Vereinbarung mit Sumitomo erweiterte, um alle Nichteisenmetalle einzuschließen. MineHub ging auch eine Partnerschaft mit der in Peking ansässigen Elane Technology ein, die Eigentümerin von CargoGo ist. Das erfolgreiche Pilotprogramm mit Southwire und der Panama City Port Authority erzielte eine 100%ige Abdeckung des Lastentrackings und eine 8%ige Reduzierung der Empfangszeiten im Werk, bevor es in den voll kommerziellen Einsatz überging.
Zu den Führungsaktualisierungen gehört die Ernennung von Troy Bullock in den Vorstand, Monika Russell als CFO und Esther Babb als COO. Für 2025 plant MineHub, global zu expandieren, die wiederkehrenden jährlichen Einnahmen zu steigern, angrenzende Märkte zu erkunden und die Rentabilität zu stärken.
- Strategic partnership with Abaxx Technologies securing 19.87% ownership stake
- Successful implementation of Codelco's global copper cathode contracts
- Expansion into Chinese market with first smelting company agreement
- Pilot program achieved 8% reduction in plant receiving times
- Broadened agreement with Sumitomo for all non-ferrous metals
- None.
- MineHub delivered strong execution in 2024 by expanding its global presence through key initiatives, including onboarding Codelco's ecosystem partners, broadening its agreement with Sumitomo Corporation, and securing its first Chinese smelting company.
- The Company completed a strategic partnership with Abaxx Technologies Inc.("Abaxx"), which holds a
19.87% ownership stake in MineHub. - Transitioned its pilot program with Southwire and the Panama City Port Authority to full commercial use.
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2025) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub" or the "Company"), a leading provider of digital supply chain solutions for the commodity markets, is pleased to provide its annual corporate update to shareholders.
Andrea Aranguren, President and CEO of MineHub, commented, "2024 has been another pivotal year for MineHub as we strengthened our digital supply chain platform and deepened partnerships with some of the biggest players in the commodity markets. The momentum we've gained this year—through customer growth, strategic alliances, and geographic expansion—positions MineHub for significant growth as we head into 2025 and beyond. As industries across the globe continue adopting digitized solutions to meet operational and regulatory demands, MineHub is well-positioned to become an indispensable partner for sustainable and efficient supply chains."
Strategic Partnerships and Global Expansion
MineHub achieved significant milestones in 2024 across commercial partnerships, customer onboarding, and platform enhancements, further cementing its leadership in digitizing global commodity supply chains.
Key highlights include:
- MineHub continued to onboard Codelco's ecosystem partners and has now onboarded the vast majority of Codelco's global copper cathode contracts into the platform. MineHub's contract with Codelco is aimed at digitizing its global refined copper business, representing a significant validation of MineHub's technology platform. Through MineHub's advanced technology, Codelco is able to offer its customers heightened visibility, traceability, and operational efficiencies, elevating the overall customer experience.
- The Company signed a services agreement with a large Canadian bank (the "Bank") to deploy MineHub's Consignment Module to manage non-ferrous metals transactions for the Bank. The Consignment Module provides an accurate, real-time view of consignment stocks, allowing both manufacturers and suppliers to improve inventory management.
- MineHub solidified a partnership with Surecomp, a global leader in trade and supply chain finance solutions. This partnership integrates MineHub's platform into Surecomp's offerings, amplifying its role in trade finance solutions for physical commodities.
- MineHub completed a pilot program with Southwire Company LLC and the Panama City Port Authority in Florida, incorporating digital truck bills of lading to modernize copper cathode shipments. The program achieved
100% truck tracking coverage and an8% reduction in plant receiving times, enhancing visibility, security, and efficiency. Following its success, the solution transitioned to full commercial use, demonstrating MineHub's impact on supply chain logistics.
- MineHub completed a strategic partnership with Abaxx which resulted in Abaxx taking a
19.87% ownership stake in the Company. This collaboration is enabling deeper data integration and innovations to enhance pre-trade and post-trade workflows for users.
MineHub's footprint in Asia grew significantly in 2024 with key milestones:
- MineHub entered the Chinese copper market by signing an agreement with its first Chinese smelting company, cementing the Company's presence in the region with the world's largest copper refining capacity.
- The Company expanded its commercial agreement with Sumitomo Corporation to include all non-ferrous metals. This collaboration unlocks new revenue opportunities and positions MineHub to grow beyond copper markets.
- MineHub partnered with Beijing-based logistics provider Elane Technology Co. Limited ("Elane"), owner of CargoGo—a major supply chain visibility platform serving 57 China-based Fortune Global 500 companies. This partnership enhances MineHub's shipment capabilities and positions the Company as a key player in Asian commodity markets.
These achievements were further bolstered by platform enhancements, including the launch of the Consignment Module, which delivers real-time inventory visibility, along with expanded tools for digital workflows and analytics. This progress achieved in 2024 lays a strong foundation for continued momentum and impact in 2025.
Leadership and Governance Updates
In 2024, MineHub strengthened its leadership team and governance with key appointments aimed at driving the Company's strategic priorities:
- The Company appointed Troy Bullock to the Board of Directors. Mr. Bullock is a recognized leader in the Canadian technology space with over 25 years of international finance leadership experience having previously served as the President and CEO of Nanotech Security Corp, a publicly listed company acquired in 2021.
- Monika Russell was appointed as Chief Financial Officer (CFO), bringing over 20 years of experience in finance across e-commerce, technology, manufacturing, and forestry. Her expertise will support MineHub's focus on financial discipline and long-term profitability.
- Esther Babb was appointed Chief Operating Officer (COO). With over 20 years of operational experience in scaling startups and driving commercialization efforts, Esther will lead MineHub's execution of strategic and operational activities.
These leadership updates align with MineHub's commitment to strong governance, operational excellence, and delivering long-term value to its stakeholders.
Looking Ahead to 2025
Building on the successes of 2024, MineHub is positioned to accelerate growth by expanding its market reach, driving innovation, and enhancing customer value. With strong global momentum and a robust pipeline, the Company remains focused on delivering transformative improvements to commodity supply chains while advancing toward long-term profitability.
Key initiatives for 2025 include:
- Expanding its global footprint by strengthening its presence in Asia and Europe, leveraging partnerships with Sumitomo Corporation and Elane, and addressing regulatory demand for supply chain transparency.
- Growing Annual Recurring Revenue ("ARR")(1) by onboarding new customers, increasing transaction volumes, and converting pipeline opportunities, supported by enhanced platform tools like Consignment Module and Financial Document Modules.
- Exploring opportunities in adjacent markets, including steel, scrap metals, and chemicals, as part of efforts to broaden the platform's applications, leveraging proven expertise in digital supply chain solutions.
- Strengthening profitability through cost optimization, ensuring efficient scaling of operations while balancing investments in personnel and product development.
- Advancing digitization through the strategic partnership with Abaxx, focusing on initiatives like secure chat integration and expanded analytics to improve workflows and decision-making.
MineHub thanks its shareholders, customers, partners, and team for their support during this transformative year. The Company looks forward to building on this strong foundation in 2025.
About MineHub
MineHub is the digital supply chain platform for the commodity markets, making raw material supply chains more efficient, resilient and sustainable. MineHub provides enterprise-grade digital solutions that connect buyers, sellers, laboratories and financiers within physical commodities supply chains in a digitally integrated workflow powered by data that is useable, shareable, verifiable and unforgeable. Users of MineHub solutions are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to disruptions, and provide a better customer service. Global enterprises already use MineHub solutions as part of their logistics, compliance, trade management and financing operations.
Andrea Aranguren
CEO, MineHub Technologies Inc.
For further information regarding MineHub, please email info@minehub.com or visit our website at www.minehub.com. Tel: (778) 373-3747
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements that are considered "forward-looking information" within the meaning of applicable Canadian securities legislation ("forward-looking statements") with respect to MineHub including, but not limited to, statements with respect to MineHub's future operational plans, the timing of such plans and anticipated customers. Forward-looking statements are statements that are not historical facts are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although MineHub believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its operations, applications and for general working capital purposes, changes in economic conditions or financial markets, changes in laws or regulations that could have an impact on the Company's operations, dependence on its key management personnel and market competition. Other risk factors are identified in the Company's management discussion and analysis, available on the Company's SEDAR+ profile at www.sedarplus.ca. There may be other risk factors not presently known that management believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. Although the Company has attempted to identify risk factors that could cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. The forward-looking information is made as of the date included herein, and the Company assumes no obligation to publicly update or revise such forward-looking information. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of MineHub's management on the date the statements are made. However, except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change.[1]
Footnotes:
(1) ARR is a key performance indicator of future recurring revenues and the trajectory of the business. ARR includes annualized revenue of all active SaaS platform revenue as of a specified point in time and assumes all active contracts are renewed on existing terms. ARR is subject to change through acquisition of new customers, and expansion or attrition of existing customers. ARR is not a standardized measure and may not be comparable to ARR disclosed by other issuers.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237173
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