Categories: General Market Commentary
Topics: General Market Commentary

A New Digitized Standard in Commodities Trading

MineHub Technologies Inc. (TSX-V: MHUB)(OTC: MHUBF) — currently trading around C$0.25 per share — is displaying strong revenue growth following its Q1 amalgamation with Waybridge Technologies. 

Driven by the rollout of the MineHub platform, which seeks to revolutionize the commodities supply chain sector via a first-ever, globally integrated digitized solution, the company is now projecting annual recurring revenue of C$2 million after generating record revenue of C$341,636 during Q1. 

MineHub Technologies CEO Arnoud Star Busmann commented via press release:

 “Q1 was a transformational quarter for MineHub in which we completed the combination of MineHub and Waybridge to create the leading global digital platform for commodity supply chains. This highly accretive transaction immediately increased our user base to more than 100 companies and has had a positive impact on the Company's revenue, which is evident in the first quarter financial results. We expect cost synergies through the acquisition of Waybridge which will reduce the Company's timeline to anticipated profitability. In addition, we recently strengthened our balance sheet with approximately $3 million of capital investment in the Company coming from $1 million from the first tranche of private placement in Q1, followed by $1 million from the second tranche and approximately $1 million from Sumitomo Corporation following the end of the quarter.”

By year-end, MineHub anticipates having ~130 companies enrolled on its platform with an initial focus on servicing the copper, aluminum, and steel markets and with a broader aim of delivering a one-stop digitized standard for the way metals and concentrates move about the globe.

The ultimate mission is to lead the global commodities supply chain sector toward a more efficient, reliable, and sustainable trading platform that will essentially replace the old and antiquated methodology of paper transactions, phone calls, faxes, et al. 

Sumitomo Corp. — one of Japan’s largest corporations — sees the vast potential of MineHub’s state-of-the-art platform and, just last week, contributed C$1M (non-dilutive to MHUB shareholders) toward a previously announced commercial relationship between the two firms. 

Takeshi Ishimaru, GM Non-ferrous Metals and Raw Materials at Sumitomo, said:

“Digitization of the metal concentrates market is very important for our business and our customers. But that can only happen if the industry adopts a common standard, and we believe that the MineHub platform and the Concentrates Application is the clear and only candidate to become that standard. Therefore, we are happy to contribute this funding in order to accelerate the industry adoption of the MineHub platform and with that our digital transformation mission.”

In addition to the Sumitomo collaboration, MineHub has contracted with a number of industry giants, including BHP (US$300B capitalization) and Codelco (the world’s #1 copper producer). Codelco is using MineHub’s platform to digitize 100% of its global refined copper business; other industry players will likely soon follow suit. 

Obviously, those are some very, very big names for a small-cap firm that’s really in the infancy of its planned technology rollout.

For speculators seeking exposure to the multi-$billion commodities supply chain sector, MineHub Technologies offers exceptional upside potential as it brings to market its first-of-its-kind digitized platform serving the industry.

For additional information on Vancouver-based MineHub Technologies Inc., be sure to contact the company’s IR department here. 

Sign up to receive updates directly from the company at the MineHub corporate website and view the 2023 Corporate Presentation here.

Mike Fagan
Editor, Resource Stock Digest

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