Vancouver, B.C., March 8, 2022. MineHub Technologies Inc. (TSXV: MHUB, OTCQB: MHUBF) (“MineHub” or the “Company”) and Coriolis Technologies (“Coriolis”) are pleased to announce they will develop an integrated solution for customers and financiers to verify the ESG performance of suppliers, their products and the commercial transactions executed and financed on the MineHub platform.
Coriolis has developed its Kosmos ESG score as an independent rating based on publicly available data sources, which captures the performance of companies and their products against the 17 Sustainable Development Goals (SDGs) defined by the UN. This rating mechanism is being developed and validated through the Kosmos working group, consisting of over 50 leading financial institutions including banks, insurers, professional bodies, enterprise development specialists, and multilateral organisations. MineHub Technologies is also a member of the Kosmos working group.
Arnoud Star Busmann, CEO at Minehub Technologies said “Coriolis is a leading provider of trade related data. Their vision and solutions are fully aligned with our goals at MineHub: to enable our customers to work with verified, high-value and real-time data to improve decision-making, risk mitigation and automating vital but costly processes such as compliance verification. The Kosmos ESG score is a perfect example of a fundamental data point that can immediately unlock value for our users.”
The MineHub ESG application enables producers to attach ESG credentials with their brands, including third party certifications on its blockchain network, and automates the inclusion of these certified credentials in the transactions being are executed and financed on the MineHub platform.
Through the collaboration with Coriolis, MineHub users can include the Kosmos ESG score in their brand profile and transaction data sets, ensuring that commercial or financing transactions comply with the purchasing and credit policies of buyers and financiers. The combination of the Minehub platform and the Kosmos ESG score is a solution that applies at many levels – from standalone transactions through to large scale supply chain finance facilities.
Rebecca Harding, CEO of Coriolis Technologies said “Coriolis upholds the firm view that collaboration is key to successful and applicable sustainability assessments. Not only does our integrated solution embrace collaboration, but we carefully select partners we believe will add real value to the end-user in helping them understand and grow their business. MineHub is one of the most notable Kosmos partners because the insights provided are fundamental to ensuring secure and sustainable trade.”
The Kosmos ESG score is anticipated to be available on the MineHub platform in April, 2022.
Arnoud Star Busmann
CEO, MineHub Technologies Inc.
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Cautionary Note Regarding Forward-Looking Statements
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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 prospectus dated August 18, 2021, available on the Company’s SEDAR profile at www.sedar.com. 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. The forward-looking information is made as of the date included herein.. 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.