News Release
Abaxx and MineHub Forge Strategic Partnership to Revolutionize Commodities Markets
MarketJar
On behalf of MineHub Technologies Inc. As the energy transition accelerates, the mining industry faces labor strikes, transport constraints, and natural disasters, impacting copper availability and costs. Despite easing bottlenecks, geopolitical risks and climate issues still affect shipping. Governments and businesses focus on secure mineral sourcing and strategic endeavors to stabilize supply chains. MineHub Technologies Inc. (TSXV:MHUB) (OTCQB:MHUBD) is improving the efficiency, resilience, and sustainability of the metals and mining industry through its digital supply chain platform. The platform offers enterprise-grade digital solutions that connect buyers, sellers, laboratories, and financiers within physical commodities supply chains through a digitally integrated workflow. This workflow is powered by data that is usable, shareable, verifiable, and unforgeable. MineHub solutions give users complete control over their supply chains, allowing them to optimize resource use, respond quickly to disruptions, and deliver superior customer service. Major global enterprises already utilize MineHub solutions for logistics, compliance, trade management, and financing operations. Abaxx Is Acquiring an 11% Ownership Interest in MineHub MineHub Technologies Inc. (TSXV:MHUB) (OTCQB:MHUBD) recently announced a share exchange agreement with Abaxx Technologies Inc, where Abaxx will acquire an approximate 10.9% ownership interest in MineHub. This partnership aims to drive digitization more broadly within the physical commodities markets. Abaxx, the indirect majority-owner of Abaxx Exchange and Abaxx Clearing, has developed and deployed technologies that unlock latent value in global markets, making communication, trade, and transactions easier and more secure. The companies share a mission to improve data transparency and empower market participants with better tools to navigate the evolving commodities landscape, which faces challenges such as climate change, the energy transition, and increasing regulatory pressure. Comprehensive digital tools are essential to adapt to this changing environment. Abaxx and MineHub are partnering to explore a wide range of commercial and product collaboration opportunities, leveraging their collective expertise and capabilities to enhance value for customers and shareholders. The collaboration aims to integrate Abaxx and MineHub digital tools to broaden the value available to customers and increase commercial traction. It will also facilitate entry into new commodities markets beyond MineHub 's historical focus on copper and aluminum. Additionally, the partnership will utilize Abaxx's ID++ identity protocol to enrich MineHub 's secure and user-friendly communication tools. This collaboration will strengthen the physical commodities market's ability to meet evolving sustainability requirements, such as reporting, carbon offsetting, and traceability. Furthermore, it will enable more efficient and secure hedging by bridging physical and financial commodities data while maintaining data privacy. Lastly, the partnership will promote compliance within the dynamic global regulatory landscape. Andrea Aranguren, President, CEO, and Director of MineHub, highlighted the numerous collaboration opportunities with Abaxx, emphasizing how the partnership will leverage their combined strengths to capitalize on market momentum and expedite tool adoption, ultimately maximizing customer value. Under the Share Exchange Agreement, MineHub will receive Abaxx common shares in exchange for issuing its own shares, representing a certain percentage of MineHub. Abaxx will also receive MineHub share purchase warrants, exercisable for three months from the Closing Date. If exercised, these warrants will increase Abaxx’s ownership to 19.9% MineHub Reports Record Revenue for Fiscal Q1-2025 MineHub achieved record revenue of $776,000 in Fiscal Q1-2025, marking a 127% increase compared to Fiscal Q1-2024. This revenue included $300,000 from the completion of a successful development project. MineHub is experiencing accelerating customer activity with several industry leaders, including Codelco, Sumitomo, Surecomp, and Southwire. By the end of Fiscal Q1-2025, the company had expanded its ecosystem to include over 165 companies connected to MineHub ’s network. Click here to learn more about MineHub Technologies Inc. (TSXV:MHUB) (OTCQB:MHUBD). Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Minehub Technologies Inc. Market Jar Media Inc. has or expects to receive from Minehub Technologies Inc.’s Digital Marketing Agency of Record (Native Ads Inc) one thousand seven hundred USD for this article. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Minehub Technologies Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Minehub Technologies Inc.’s industry; (b) market opportunity; (c) Minehub Technologies Inc.’s business plans and strategies; (d) services that Minehub Technologies Inc. intends to offer; (e) Minehub Technologies Inc.s milestone projections and targets; (f) Minehub Technologies Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Minehub Technologies Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Minehub Technologies Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Minehub Technologies Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Minehub Technologies Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Minehub Technologies Inc.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Minehub Technologies Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Minehub Technologies Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Minehub Technologies Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Minehub Technologies Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Minehub Technologies Inc.’s business operations (e) Minehub Technologies Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Minehub Technologies Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Minehub Technologies Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Minehub Technologies Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Minehub Technologies Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Minehub Technologies Inc. or such entities and are not necessarily indicative of future performance of Minehub Technologies Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com
August 01, 2024 08:30 AM Eastern Daylight Time
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