Categories: General Market Commentary
Topics: General Market Commentary

New Low-Priced Leader in Commodities Supply Chain with Big Names On Board

MineHub Technologies Inc. (TSX-V: MHUB)(OTC: MHUBF) — currently trading around C$0.25 per share — has announced the addition of a Consignment Module to its first-of-its-kind digitized commodities supply chain platform, creating a seamless metals inventory system for manufacturers, suppliers, and financiers. 

Not only is Minehub leading the digitization of the global commodities supply chain market — with industry leaders such as BHP, Sumitomo, and Codelco already on board —  it is now able to offer new and existing customers access to this new feature that effectively takes the guesswork out of the metals inventory equation. 

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New Low-Priced Leader in Commodities Supply Chain with Big Names On Board

MineHub Technologies CEO Andrea Aranguren commented via press release:

“I am pleased to report that we have already onboarded manufacturers and suppliers onto MineHub's new Consignment Module. Releasing the new consignment functionality is a major milestone for MineHub and many of our users who can now more efficiently manage their consignment programs and with that expand their use of the platform. We expect this to unlock new revenues — both from our current users and new users who have been waiting for this capability. This further cements MineHub as the leading platform provider to the metals industry.”

Minehub’s new Consignment Module provides an accurate view of consignment stocks, which is crucial to metals processors and manufacturers alike who rely on the accuracy of these agreements to ensure real-time data on raw material inventories.

To recap some of Minehub’s achievements over the last several months, the company has:

  • Received a non-dilutive C$1M investment from Sumitomo Corp., one of Japan’s largest corporations 
  • Posted record Q2 2023 revenues following its amalgamation with Waybridge Technologies
  • Inked a transformative agreement with a global mining company, which is expected to contribute approximately C$850,000 to MHUB’s revenue over the next 12 months
  • Entered into a 3-year contract with Codelco, the world’s #1 copper producer
  • Added an AI component to its digitized commodities supply chain platform
  • Closed a C$1.5M private placement  
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MHUB, which anticipates an acceleration of user growth and revenue reflecting its market-leading position among digitized commodity supply chains, offers a first-mover advantage and is absolutely one-to-watch in the space. 

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

Mike Fagan
Editor, Resource Stock Digest

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