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 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.
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has expanded its commercial agreement with Sumitomo to include all of Sumitomo's non-ferrous metals business. This expansion is expected to be a key driver in potential future revenue growth for MineHub. Sumitomo plans to further integrate its refined copper business onto the MineHub platform as a first priority, followed by other non-ferrous metals, with a strong focus on Asian customers.
Over the past six months, Sumitomo has supported MineHub's sales efforts by connecting them to new opportunities, particularly in European and Asian metals markets. The partnership between MineHub and Sumitomo, which began in February 2022, aims to bring efficiency, transparency, and responsibility to commodity markets supply chains.
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has entered into an agreement with Investor Cubed Inc. for investor relations and shareholder communication services. The 12-month agreement, effective October 1, 2024, includes a monthly fee of CAD$8,500 and 400,000 stock options exercisable at $0.30 per share for 5 years. The options vest quarterly and have a 4-month hold period.
MineHub CEO Andrea Aranguren stated that this partnership aims to strengthen communication efforts and leverage new networks for company growth. Investor Cubed CEO Neil Simon expressed excitement about supporting MineHub's objectives to increase visibility with retail and institutional investors.
The agreement is subject to TSX Venture Exchange approval. Investor Cubed is at arm's length from MineHub and currently owns no securities in the company.
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has signed an agreement with its first Chinese smelting company to use MineHub's Trade Management Platform. This marks a significant milestone in the company's expansion into the Chinese copper market, which represents approximately 57% of global copper consumption and accounts for nearly 8.7 million metric tons of copper demand.
The unnamed smelter will benefit from heightened visibility, traceability, and operational efficiencies through MineHub's digital contract management, real-time shipment visibility, and document management functionality. This partnership validates the high level of security and adaptability of the MineHub platform, which is SOC II-Type 2 certified.
The smelter plans to integrate its refined copper business onto the MineHub platform, starting with a key supplier in Asia, highlighting the growing commitment of Chinese companies to leverage digital solutions for optimizing operations and enhancing efficiency.
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) reported Q2 FY2025 financial results, showing a 21% year-over-year revenue increase to $445,566 and a 24% reduction in operating expenses. The company's platform facilitated $7.3 billion in commodity transactions in H1 FY2025, up 15% year-over-year. MineHub announced a strategic partnership with Abaxx to accelerate digitization in commodities markets. Despite challenges in sales cycles, the company maintains a robust pipeline and sees growth from existing customers. Key developments include onboarding Codelco's ecosystem partners, partnering with Surecomp for trade finance solutions, and launching a successful pilot program with Southwire and Panama City Port Authority. MineHub also introduced new platform features and made significant corporate appointments.
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF), a leading provider of digital supply chain solutions for commodity markets, has announced its upcoming Fiscal Second Quarter financial results release and investor webinar. The company will release its financial results for the period ended July 31, 2024, after market close on September 18, 2024. An investor webinar is scheduled for September 19, 2024, at 9:00 am PT (12:00 pm ET).
The webinar will feature CEO Andrea Aranguren and CFO Monika Russell, who will provide a corporate update, review Q2 financial results, and discuss the company's outlook. A Q&A session will follow the presentation. Interested parties can register for the webinar using the provided link and dial-in numbers.
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has appointed Esther Babb as Chief Operating Officer. With over 20 years of experience in finance, including roles at Goldman Sachs and Citadel, Babb brings expertise in scaling teams and driving data strategies. She will lead the execution of MineHub's strategic and operational activities in the digital commodities sector.
The company also announced the resignation of Mariana Southern, former VP of Product and Engineering. In connection with her employment, MineHub granted Babb 400,000 stock options at $0.35 per share, exercisable for five years, subject to vesting requirements and TSX Venture Exchange policies.
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has completed the second tranche closing of its strategic partnership with Abaxx Technologies Inc. (CBOE: ABXX) (OTCQX: ABXXF). In this transaction, MineHub received 109,583 Abaxx shares in exchange for issuing 4,166,666 MineHub shares to Abaxx at a deemed price of C$0.30 per share. The Abaxx shares received by MineHub have no hold period under securities laws, while the MineHub shares issued to Abaxx have a four-month and one-day hold period. Additionally, MineHub issued 481,975 common shares to Haywood Securities Inc., their financial advisor for the transaction, at the same deemed price of C$0.30 per share.
MineHub Technologies (TSXV: MHUB, OTCQB: MHUBF) has finalized a strategic partnership with Abaxx Technologies (Cboe CA: ABXX, OTCQX: ABXXF). This agreement, initially announced on August 1, 2024, involves MineHub receiving 109,584 Abaxx Shares in exchange for issuing 4,166,667 MineHub Shares at $0.30 per share and 8,333,333 MineHub Warrants (down from 8,600,000) exercisable at $0.35 per share, expiring on November 15, 2024.
The Abaxx Shares were acquired under a prospectus supplement dated August 22, 2024, and are not subject to a hold period. However, MineHub Shares and Warrants issued to Abaxx, and any MineHub Shares issued upon exercise of the Warrants, will have a hold period of four months plus one day from the closing date. The second tranche of this partnership is scheduled to close by September 9, 2024.
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has entered into a strategic partnership with Abaxx Technologies Inc. (Cboe CA: ABXX) (OTCQX: ABXXF) to drive digitization in the physical commodities markets. The partnership involves a share exchange agreement where Abaxx will acquire a 10.9% ownership interest in MineHub. Key aspects of the collaboration include:
1. Exploring data integration between Abaxx and MineHub digital tools
2. Partnering to enter new commodities markets
3. Leveraging Abaxx's ID++ identity protocol
4. Enhancing sustainability reporting and traceability
5. Enabling efficient hedging by bridging physical and financial commodities data
The share exchange involves MineHub issuing 8,333,333 common shares and 8,600,000 warrants to Abaxx, while receiving up to 219,167 Abaxx common shares. The transaction is expected to close around August 15, 2024, subject to regulatory approvals.
