Mike Fagan,
Editor
Aug. 10, 2023
MineHub Technologies Inc. (TSX-V: MHUB)(OTC: MHUBF), currently trading around C$0.37 per share, has inked a three-year contract with Codelco — the world’s largest copper producer — on digitizing the firm’s global refined copper business via Minehub’s Waybridge Platform.
MineHub has quickly established a first-mover advantage in the digitization of the commodities supply chain sector with agreements in place with not only Codelco but also with industry stalwarts such as BHP, Sumitomo, and Southwire.
MineHub’s Waybridge digital commercial platform will enable Codelco’s customers to consolidate key supply chain data while improving visibility into global copper flows, thereby driving operational efficiencies throughout the entire supply chain process.
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MineHub Technologies CEO Andrea Aranguren commented on the Codelco agreement via press release:
“Codelco's three-year commitment to MineHub is a huge testament to the dedication and expertise of our team, as well as the trust placed in us by Codelco. The partnership between MineHub and Codelco is paving the way for groundbreaking advancements in digital solutions, empowering mining operations with supply-chain software that enhances efficiency and environmental responsibility. After rigorous evaluations and close collaboration, this prestigious contract represents the mutual trust and shared vision between our two companies.”
Building off of that mutual trust, next steps will include the onboarding of Codelco’s global customers onto the Waybridge Platform while also exploring ways to eventually add the company’s large copper concentrates business to the mix.
As you’ll see in our exclusive interview with MHUB executive chairman Vince Sorace coming right up, the virality effect for MineHub continues to be robust as demonstrated by the company’s early successes in onboarding additional companies and user bases via the synergies presented by these flagship agreements.
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View PublicationsTo-date, MineHub has added over 100 users to its platform and anticipates expanding to over 130 companies by year end with expectations for accelerated user growth and revenue growth over the coming quarters.
Again, Codelco is the #1 copper producer on the entire planet, making this a very significant agreement for MineHub, which has a current market cap well below C$35 million.
MineHub also announced, just last week, the signing of an agreement with a prominent, unnamed global mining company to its platform. That deal is projected to contribute approximately C$850,000 to MHUB’s revenue in the next 12 months.
Ms. Aranguren added,
"This agreement with a global mining company marks a significant milestone in MineHub's journey. Together, we aim to spearhead a paradigm shift in mining operations, empowering our industry with unparalleled security, efficiency, and transparency of supply chains. This momentous partnership reinforces MineHub's position as a pioneering force in the mining technology sector and underscores the immense value the mining industry sees in the transformative opportunities offered by the MineHub platform..."
With momentum building on all fronts, our own Gerardo Del Real of Junior Resource Monthly sat down with MineHub Technologies executive chairman Vince Sorace to go over the Codelco agreement and the company’s first-mover advantage in the space. Please enjoy!
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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