MineHub Launches Assay Exchange Dashboard to Revolutionize Concentrates Management

Rhea-AI Summary

MineHub Technologies has launched its Assay Exchange Dashboard, a new tool designed to optimize concentrates operations for mining companies. The dashboard provides real-time tracking of concentrates deals, shipment monitoring, and assay workflow status. The system integrates external data from labs and surveyors, enabling digital vessel nominations and contract confirmations. According to CEO Andrea Aranguren, the solution can reduce assay exchange times by up to 10 days. The platform features customizable dashboards and analytics tools to help users analyze lab performance and optimize their assay exchange strategies.

Positive

• Potential reduction in assay exchange times by up to 10 days
• Integration of external data sources streamlines operations
• Real-time tracking capabilities improve operational efficiency
• Platform enables shorter invoicing cycles

Negative

• None.

• MineHub launches Assay Exchange Dashboard to streamline concentrates operations

Vancouver, British Columbia--(Newsfile Corp. - November 12, 2024) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub" or the "Company"), a leading provider of digital supply chain solutions for the commodity markets, is pleased to announce the release of its Assay Exchange Dashboard. This innovative tool enables mining companies to make real-time, data-driven decisions to optimize their concentrates operations.

The Assay Exchange Dashboard provides customers with a comprehensive overview of their concentrates deals, including shipment tracking, assay workflow status, and pending tasks. With easy-to-use dashboards accessible from anywhere in the world, operations teams can stay informed and react quickly to changing conditions.

Andrea Aranguren, CEO of MineHub, stated, "At MineHub, we understand that timely and accurate information is crucial for mining companies managing concentrates. The Assay Exchange Dashboard enables our customers to make informed decisions, streamline operations and reduce assay exchange times - by up to 10 days."

Leveraging external data from labs, surveyors, and other third-party sources within the ecosystem, the dashboard enables users to effectively manage each step of the assay exchange process, including digital vessel nominations and contract confirmations. Customizable dashboards facilitate easy navigation and analysis, while seamless integration with existing tools ensure a smooth workflow.

MineHub has consistently received feedback from customers and prospects indicating that gaining a high-level view of outstanding actions and shipments is a complex manual process, leading to delays and inefficiencies. By streamlining the assay exchange process, MineHub's solution ensures its customers meet contractually required timelines and shorten invoicing cycles.

Furthermore, the Assay Exchange Dashboard delivers powerful insights to help customers thrive in today's fast-paced concentrates business. Real-time visualization and advanced analytics enable users to gain valuable insights into lab performance over time, determine which labs consistently deliver the most reliable results, and optimize their essay exchange strategies for maximum efficiency. These data-driven insights enable proactive decision-making and smarter operational management.

About MineHub

MineHub is the digital supply chain platform for the commodity markets, making raw material supply chains more efficient, resilient and sustainable. MineHub provides enterprise-grade digital solutions that connect buyers, sellers, laboratories and financiers within physical commodities supply chains in a digitally integrated workflow powered by data that is useable, shareable, verifiable and unforgeable. Users of MineHub solutions are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to disruptions, and provide a better customer service. Global enterprises already use MineHub solutions as part of their logistics, compliance, trade management and financing operations.

Andrea Aranguren
CEO, MineHub Technologies Inc.

For further information regarding MineHub, please email info@minehub.com or visit our website at www.minehub.com. Tel: (778) 373-3747

Cautionary Note Regarding Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains statements that are considered "forward-looking information" within the meaning of applicable Canadian securities legislation ("forward-looking statements") with respect to MineHub including, but not limited to, statements with respect to MineHub's future operational plans, the timing of such plans and anticipated customers. Forward-looking statements are statements that are not historical facts are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although MineHub believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its operations, applications and for general working capital purposes, changes in economic conditions or financial markets, changes in laws or regulations that could have an impact on the Company's operations, dependence on its key management personnel and market competition. Other risk factors are identified in the Company's management discussion and analysis, available on the Company's SEDAR+ profile at www.sedarplus.ca. There may be other risk factors not presently known that management believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. Although the Company has attempted to identify risk factors that could cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. The forward-looking information is made as of the date included herein, and the Company assumes no obligation to publicly update or revise such forward-looking information. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of MineHub's management on the date the statements are made. However, except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229589

FAQ

What is the main feature of MineHub's (MHUBF) new Assay Exchange Dashboard?

MineHub's Assay Exchange Dashboard provides real-time tracking of concentrates deals, shipment monitoring, and assay workflow status, enabling mining companies to make data-driven operational decisions.

How much time can MineHub's (MHUBF) new dashboard reduce in assay exchange processes?

According to the announcement, the Assay Exchange Dashboard can reduce assay exchange times by up to 10 days.

What data sources does MineHub's (MHUBF) Assay Exchange Dashboard integrate?

The dashboard integrates external data from labs, surveyors, and other third-party sources within the ecosystem.