Categories: Precious Metals
Topics: General Precious Metals

Tiny Small-Cap Secures 3-Year Deal with Codelco, World’s Largest Copper Producer

MineHub Technologies Inc. (TSX-V: MHUB)(OTC: MHUBF), currently trading undiscovered around C$0.22 per share, has inked a 3-year deal with Codelco — the world’s largest copper producer — on MHUB’s first-of-its-kind digitized commodities supply chain platform.

MineHub has now gone live with Codelco’s global refined copper business, representing a significant validation of the MHUB technology platform.

MineHub Technologies CEO Andrea Aranguren commented on the landmark deal via press release:

“We are thrilled to mark this milestone with the launch of our platform at Codelco. This implementation represents a significant leap forward for the mining industry, empowering stakeholders with powerful tools to optimize their operations and enhance their overall experience. 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.”

At current London Metal Exchange copper prices, the total value of the copper integrated into MHUB’s platform exceeds US$3.5B — demonstrating the immense scale and economic impact of the platform and highlighting its potential to revolutionize the way the industry conducts business.

MHUB’s platform is ushering in a new era of efficiency and transparency in the mining industry, effectively bringing the commodities supply chain sector into the 21st century through the digitization of the processes involved in commodities transactions.

Codelco, for example, is now able to offer its global customer base heightened visibility, traceability, and operational efficiencies through the MHUB platform, thereby, elevating the overall customer experience. Codelco’s initial group of customers has now been onboarded to the MHUB platform with the remaining ones expected to be added shortly thereafter.

Keep in mind also that Codelco is not the only big-name MHUB has been able to attract to its SaaS-based commodities supply chain platform. The company has also inked agreements with industry leaders such as BHP and Sumitomo and, as well, with a yet-to-be- named global mining firm. Not to mention the fact that many of Codelco’s current customers are quite large as well and will soon be added as part of the ongoing onboarding process. 

In addition to the newly consummated 3-year agreement with Codelco, MineHub, in just the last few months, 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
• Added an AI component to its digitized commodities supply chain platform
• Closed a C$1.5M private placement  

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. 

With news flow continuing to ramp up, our own Gerardo Del Real of Junior Resource Monthly sat down with MineHub Technologies executive chairman Vince Sorace to go over the late-breaking Codelco news, plus a look ahead to the next few business quarters. 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. 

Yours in profits,

Mike Fagan
Editor, Resource Stock Digest

Click here to see more from MineHub Technologies