Mike Fagan,
Editor
May 21, 2024
MineHub Technologies Inc. (TSX-V: MHUB)(OTC: MHUBF) — currently trading around C$0.25 per share — has announced a strategic partnership with Surecomp, a global leader in digital trade and supply chain finance solutions.
The partnership will see the MineHub platform embedded into Surecomp’s innovative and award-winning RIVO™ solution to revolutionize digital trade finance specifically for the commodities sector.
Creating a seamlessly integrated digital solution between the two platforms, the synergistic collaboration will enable commodities firms to unlock new opportunities for trade finance efficiency, transparency, and security.
MineHub Technologies CEO Andrea Aranguren commented on the Surecomp partnership via press release:
“We are excited to partner with Surecomp to empower our users to drive greater efficiency and value across the commodities supply chain. As MineHub and Surecomp embark on this partnership, we look forward to delivering transformative solutions that will shape the future of trade finance in the commodities sector.”
The anticipated enhanced efficiencies via the technology amalgamation will foster real-time communication between trade counterparts in a digitized format with a focus on increasing the speed and reliability of the commodities transaction process whilst minimizing risk and fortifying ESG compliance.
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Surecomp Chief Solutions Officer Enno-Burghard Weitzel added:
“Global trade is set to grow this year, despite the current geo-political and economic landscape. In welcoming MineHub to the RIVO platform and embedding trade finance into the commodities supply chain, we are continuing our mission to enable seamless, sustainable trade for everyone. By removing the technological barriers and fostering collaboration, we are facilitating real-time access to favorable trade finance, allowing many commodity traders to accelerate trade flows and reduce costs, reducing the risk of logistics disruption, paper-based inertia and fraud risk exposure.”
For those new to the MineHub story, the company is ushering in a new era of efficiency and transparency in the global mining industry, effectively bringing the commodities supply chain sector into the 21st century through the digitization of the processes involved in commodities transactions.
Quickly out of the gate, MineHub has successfully partnered with some of the largest players in the space — including agreements with BHP, a leading base metals producer, Codelco, the world’s #1 copper producer, Sumitomo, one of Japan’s largest corporations, and Southwire, one of the largest copper wire manufacturers in the world.
MHUB’s customer base has grown from just 20 companies in 2021 to over 100 today and is on-track to surpass 150 companies connected to its digitized platform by the end of the current calendar year.
MineHub stands to continue to benefit from numerous tailwinds forming in the commodities supply chain space, including ever-changing industry regulations, new rules on ESG compliance, as well as risk mitigation and fraud mitigation that only digitization can provide.
MHUB, which anticipates an acceleration of user growth and revenue growth over the coming quarters, reflecting its market-leading position among digitized commodity supply chains, offers a first-mover advantage and is absolutely one to watch in the space.
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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 most recent Corporate Presentation here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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