Welcome to our dedicated page for Minehub Technolo news (Ticker: MHUBF), a resource for investors and traders seeking the latest updates and insights on Minehub Technolo stock.
MineHub Technologies Inc. (MHUBF) provides an enterprise SaaS platform digitizing global commodity supply chains through integrated trade management and financial solutions. This page serves as the definitive source for official company announcements, operational updates, and strategic developments.
Investors and industry professionals will find curated news spanning product enhancements, partnership agreements, and financial performance. All content is sourced directly from MineHub's communications to ensure accuracy and timeliness.
The platform's focus areas include digital trade documentation, logistics tracking innovations, and financial process automation – critical areas for stakeholders monitoring supply chain digitization trends. Regular updates reflect MineHub's progress in enhancing transparency across mineral and metal markets.
Bookmark this page to maintain current awareness of MineHub's role in transforming commodity transactions through secure data sharing and workflow optimization technologies. Check regularly for developments impacting supply chain efficiency in mining and related industries.
MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) has entered into a strategic partnership with Abaxx Technologies Inc. (Cboe CA: ABXX) (OTCQX: ABXXF) to drive digitization in the physical commodities markets. The partnership involves a share exchange agreement where Abaxx will acquire a 10.9% ownership interest in MineHub. Key aspects of the collaboration include:
1. Exploring data integration between Abaxx and MineHub digital tools
2. Partnering to enter new commodities markets
3. Leveraging Abaxx's ID++ identity protocol
4. Enhancing sustainability reporting and traceability
5. Enabling efficient hedging by bridging physical and financial commodities data
The share exchange involves MineHub issuing 8,333,333 common shares and 8,600,000 warrants to Abaxx, while receiving up to 219,167 Abaxx common shares. The transaction is expected to close around August 15, 2024, subject to regulatory approvals.
MineHub achieved record revenue of $776K in Q1-2025, up 127% from Q1-2024. This growth includes $300K from a non-recurring project. The company's ecosystem has expanded to over 165 connected companies, reflecting increased customer activity. Notable partners include Codelco, Sumitomo, and Southwire. MineHub's platform saw $4 billion in transacted commodities, up from $3.2 billion in Q1-2024. Key developments include a partnership with a major Canadian bank and Surecomp, and the launch of the Business Confirmations Module.
Despite the revenue growth, the company recorded a net loss of $1.3 million, an improvement from the $2.3 million loss in Q1-2024. This loss reduction is attributed to increased revenue and improved cost management. MineHub's strategic goals for fiscal 2025 include accelerating growth, improving profitability, and expanding their ecosystem.
MineHub Technologies has launched its Financial Document Module to enhance invoicing and payment processes. This digital tool offers centralized client communications, enhanced visibility, streamlined reconciliation, and efficient reporting. The module allows buyers and sellers to access real-time insights and manage financial documents on a single platform. CEO Andrea Aranguren emphasized that this innovation aims to boost transparency, efficiency, and collaboration in the commodity market supply chain. The module addresses challenges such as payment delays and discrepancies by providing an automated and standardized solution.
MineHub Technologies announced record annual revenue of $2 million in fiscal 2024, marking a 976% increase from fiscal 2023. Q4-2024 revenue was $641,000, up 379% from the previous year. The company's growth was driven by increased SaaS revenue, commercial agreements, and the acquisition of Waybridge. MineHub reported a net loss of $6.5 million for fiscal 2024, reduced from $8.5 million in fiscal 2023, alongside a healthy balance sheet with $3.87 million in cash and no debt.
Key achievements included successful implementation with Codelco, strategic partnerships, a significant private placement, and the launch of new modules and services. Despite the net loss, management remains optimistic, focusing on enhancing offerings and expanding customer base for fiscal 2025.
MineHub Technologies has appointed Monika Russell as its new Chief Financial Officer (CFO), effective June 1, 2024. Russell brings over 20 years of experience in finance, accounting, and executive management, including roles at SPUD and Nanotech Security Corp. She replaces Gavin Cooper, who is retiring but will join the company's Advisory Board. MineHub, known for its digital supply chain solutions for commodity markets, will release its fiscal fourth-quarter and annual 2024 financial results on May 29, 2024, followed by an investor webinar on May 30, 2024. The webinar will feature a corporate update and Q&A session hosted by CEO Andrea Aranguren.
MineHub Technologies Inc. appoints CEO Andrea Aranguren and industry veteran Troy Bullock to its Board of Directors. Andrea has been successful in advancing MineHub as a global leader in supply chain technology solutions, while Troy brings extensive experience in the Canadian technology sector. The company also grants 925,000 stock options and announces the resignations of Alison Graham and Arnoud Star Busman from the Board of Directors.
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