MineHub Launches Business Confirmations Module to Revolutionize Contracting Workflows

7 3 月, 2024

新闻通告

  • MineHub launches Business Confirmation Module, a digital tool dedicated to streamlining the contract execution process.
  • Key features of the tool include streamlined negotiations, reduced errors and disputes, and improved internal compliance.

Vancouver, B.C., March 7, 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 launch of its Business Confirmations Module, an innovative tool designed to transform the way sellers and buyers engage in contract negotiations. This software module allows seamless sharing of structured contract terms, paving the way for efficient agreements through an audited approval workflow to ensure compliance.  In an industry where producers and sellers traditionally handle the contract process manually, MineHub is introducing a software-based solution that will standardize and streamline the terms negotiation workflow, offering a more comprehensive suite of tools.

Andrea Aranguren, CEO of MineHub, expressed excitement about the new offering, stating, “At MineHub, we are dedicated to driving innovation in the mining industry. Our Business Confirmations Module empowers sellers and buyers by providing a centralized platform for sharing structured contract terms, ultimately reducing negotiation time and improving overall efficiency in the contracting process. I believe this technological advancement will not only enhance the efficiency of contract negotiations but will also contribute to the overall growth and compliance of the industry.”

Key features of MineHub’s new Business Confirmations Module include:

  • Streamlined Negotiations: Sellers can wrap up negotiations quickly and efficiently by simplifying the terms entry and communication process.
  • Reduced Errors and Disputes: Trade terms are presented in a standardized manner and approvals are securely uploaded to the system, eliminating the risk of lost approvals or different contract versions in email inboxes.
  • Improved Internal Compliance: The tool offers a scalable and collaborative solution for tracking approvals internally, addressing the administrative challenges faced by many customers who have previously invested significant time and resources in creating custom internal tools.

The Business Confirmations Module has already been rolled out to select customers and has undergone extensive testing on MineHub’s network. It is now available for all MineHub customers and their respective customer bases.

About MineHub Technologies

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: (604) 628-5623

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 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.

了解平台

Inventory management
  • Integrated with trade management enables with automated updates of inventory with stock inflows and outflows
  • Forecast inventory levels to avoid stockouts
  • Optimize working capital through minimizing excess stock levels
  • Remove spreadsheets, reconciliation communications and operational risk of manual updates

Trade Management

Buyers and sellers of commodities collaborate on all aspects of their term contracts and transaction in one place, enabling all parties involved in a transaction to always be on the same page, in real-time

Benefits

  • Real-time visibility of all shipments across oceans and land – location and ETA
  • Secure exchange of key documents
  • Keep all communications related to the transaction with the transaction data set
  • Notifications of key events
  • One version of the truth – no need to reconcile and check
Arnoud Star Busmann is one of the pioneers in the intersection of commodities, finance and blockchain technology. Prior to joining Minehub, he was the Innovation lead for Commodities at ING Bank where he led the cross-industry initiative ‘Easy Trading Connect” that spawned projects like VAKT and komgo. Arnoud is an all-round executive with tech DNA, and has over 20 years experience in strategy execution, enterprise transformation and “blue chip” startups. After obtaining a master’s degree in Computer Science from the Netherlands, he lived and worked across Europe, Asia and Oceania.