MINEHUB TECHNOLOGIES INC - MHUBF STOCK NEWS

MineHub achieved record revenue of $776K in Q1-2025, up 127% from Q1-2024. This growth includes $300K from a non-recurring project. The company's ecosystem has expanded to over 165 connected companies, reflecting increased customer activity. Notable partners include Codelco, Sumitomo, and Southwire. MineHub's platform saw $4 billion in transacted commodities, up from $3.2 billion in Q1-2024. Key developments include a partnership with a major Canadian bank and Surecomp, and the launch of the Business Confirmations Module.

Despite the revenue growth, the company recorded a net loss of $1.3 million, an improvement from the $2.3 million loss in Q1-2024. This loss reduction is attributed to increased revenue and improved cost management. MineHub's strategic goals for fiscal 2025 include accelerating growth, improving profitability, and expanding their ecosystem.

MineHub Technologies has launched its Financial Document Module to enhance invoicing and payment processes. This digital tool offers centralized client communications, enhanced visibility, streamlined reconciliation, and efficient reporting. The module allows buyers and sellers to access real-time insights and manage financial documents on a single platform. CEO Andrea Aranguren emphasized that this innovation aims to boost transparency, efficiency, and collaboration in the commodity market supply chain. The module addresses challenges such as payment delays and discrepancies by providing an automated and standardized solution.

MineHub Technologies announced record annual revenue of $2 million in fiscal 2024, marking a 976% increase from fiscal 2023. Q4-2024 revenue was $641,000, up 379% from the previous year. The company's growth was driven by increased SaaS revenue, commercial agreements, and the acquisition of Waybridge. MineHub reported a net loss of $6.5 million for fiscal 2024, reduced from $8.5 million in fiscal 2023, alongside a healthy balance sheet with $3.87 million in cash and no debt.

Key achievements included successful implementation with Codelco, strategic partnerships, a significant private placement, and the launch of new modules and services. Despite the net loss, management remains optimistic, focusing on enhancing offerings and expanding customer base for fiscal 2025.

MineHub Technologies has appointed Monika Russell as its new Chief Financial Officer (CFO), effective June 1, 2024. Russell brings over 20 years of experience in finance, accounting, and executive management, including roles at SPUD and Nanotech Security Corp. She replaces Gavin Cooper, who is retiring but will join the company's Advisory Board. MineHub, known for its digital supply chain solutions for commodity markets, will release its fiscal fourth-quarter and annual 2024 financial results on May 29, 2024, followed by an investor webinar on May 30, 2024. The webinar will feature a corporate update and Q&A session hosted by CEO Andrea Aranguren.

MineHub Technologies Inc. appoints CEO Andrea Aranguren and industry veteran Troy Bullock to its Board of Directors. Andrea has been successful in advancing MineHub as a global leader in supply chain technology solutions, while Troy brings extensive experience in the Canadian technology sector. The company also grants 925,000 stock options and announces the resignations of Alison Graham and Arnoud Star Busman from the Board of Directors.

MineHub Technologies Inc. (MHUBF) announces a post-consolidation of shares, reducing the number of outstanding shares by half. Approximately 68,134,675 common shares will be issued and outstanding after the consolidation. Shareholders will receive instructions for exchanging their shares from Odyssey Trust Company.

MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has accelerated its commercialization efforts in 2023, securing major customers and partners like Codelco, Sumitomo, and a large global mining company. The Company also successfully integrated Waybridge Technologies, expanded its customer base to 152 companies, and signed significant contracts with industry giants. MineHub's advanced technology is poised to revolutionize the mining industry, enhancing efficiency, transparency, and sustainability. The Company's revenue has increased due to the acquisition of Waybridge, and it is well-positioned for growth and improved margins in 2024.

MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) achieved a record quarterly revenue of $650,977 in Q3- Fiscal 2024, representing a 1862% increase from the same period in 2022. The company reported a net loss of $1.4 million, reduced from $2.0 million in the prior year. MineHub's cumulative gross merchandise value (GMV) reached $9.1 billion in 2023. The company secured contracts with Codelco, the world's largest copper producer, and a prominent global mining company. Additionally, MineHub launched new transformative modules and closed a non-brokered private placement for total proceeds of $1,500,120.

MineHub Technologies Inc. (MHUB) announces a strategic partnership with leading mining and commodity analysis labs, including ALS Global, to digitize the supply chain, enhance operational efficiencies, and boost profitability for clients.