MineHub Technologies (TSX-V: MHUB)(OTC: MHUBF) Chairman Vince Sorace on Closing of Strategic Partnership with Abaxx Technologies

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the chairman of MineHub Technologies, Mr. Vince Sorace. Vince, it's great to have you back on. Shares are moving. You got volume, you got price action, and you just recently closed the strategic partnership with Abaxx technology. It's a transformational deal for the company, for the group. Well done. I couldn't be more excited about 2025. How are you, sir?

Vince Sorace: I'm doing great, and thank you for having me again.

Gerardo Del Real: Let's talk about the partnership. Give me your overview of it. Give me the forest and then we'll get into the trees. Give me the overview of what closing this partnership means for MineHub.

Vince Sorace: On a number of fronts, Abaxx is involved in a very different market than us on the front end. We're talking about an exchange. People may be familiar with it to the likes of the London Metal Exchange, et cetera. So they've started up a new digital exchange based on battery metals, so they're actually involved on the front end of traders and people trading in those market spaces.

MineHub is a post-trade solution, a post-trade platform. We don't deal with buyers and sellers. We handle transactions once those contracts are solidified. So there are a number of synergies between the companies on a technology basis, but there's, call it, the bigger, I guess, picture here is you've added an element from top to bottom in that, call it, supply chain ecosystem. And the concept behind this too is that Abaxx will be able to tap into and we will be able to integrate in a form that a backs will be able to drive customers from executing trades to dealing with those trades and deliveries of commodities.

Gerardo Del Real: Moving forward. I've always said that MineHub has this moat that most companies don't get to have. And what I mean by that is the business model is so unique and it has so many applications that the applications are almost infinite, right? You could in time get into many, many, many different markets. You already have some of the biggest names as clients. How do you see MineHub focusing its efforts here in 2025? Because again, I think one of the challenges from my shareholder viewpoint is prioritizing the markets where you could be most effective, that are most profitable, that have the best margins, and then going down the line. But I got to believe that you're looking at that internally. You have a list, and I would love to touch on the potential for broadening the reach of MineHub and the platform.

Vince Sorace: Yes, we do. It's always a case of you want to walk before you run. And so the original, the focus has been currently on primarily copper markets and some aluminum trade in there as well. But we are already staying within the metal space. We're broadening into other aspects of the metal space. Steel, scrap, and like I said, a number of other components within the metal space. But over the past probably year or so, we've already been having conversations with, whether it be parts of the agriculture space or parts of the industrial market space. For us, the investment in the platform, it's there. It's done. For us to really start moving into these adjacent markets is more about just hiring out the teams. Teams of people, customer support, sales, et cetera, et cetera that are familiar with those spaces, whether it's agriculture or industrial products. So it's just an investment in teams that we can start layering on to address different market spaces that we believe would be the most lucrative.

So again, that's more in the future and coming. We still have lots of room to grow in the metal space.

Gerardo Del Real: What comes next year in the near term? Again, I mentioned that the shares are moving higher. Obviously the market's picking up on the fact that the deal is closed. You're at a 52-week-high. The market cap is still minuscule at $30 million. What comes next?

Vince Sorace: This is going to be a year that we're anticipating of growth, through revenue growth, through additional contracts with big and global mining companies. That's what we're anticipating to see a lot more of this year. A number of deals that we were working on last year should be coming to fruition here Q1, Q2.

We are also constantly evaluating and there are a number of, in these markets, additional strategic opportunities, and many of which ... There's nobody out there that does what MineHub does top to bottom. There are a lot of these little feeder companies out there post-COVID on the digitization front that have developed some pretty unique technologies. Very standalone technologies that can layer onto our platform with immense accretiveness. So there's a lot of opportunities out there, and that market with all these one-offs is these days ripe for consolidation. We're the only platform that could basically bring them into one house and both parties benefit from it.

So that's something of 2025 too, that we're looking at. The potential for additional strategic transactions. So we think it's going to be a pretty exciting year.

Gerardo Del Real: I'm an excited shareholder. I'm looking forward to 2025. I'm looking forward to you consummating more of these deals that you've been working on behind the scenes for quite some time. Vince, thank you so much for coming on. Look forward to chatting again.

Vince Sorace: Thank you.

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