This month, MineHub (TSXV: MHUB) announced that it has entered into an agreement with Sumitomo Corporation (SC), one of Japan’s largest corporations (MCAP: US$17.952B).
Under the agreement, SC will subscribe to the MineHub platform and enterprise applications as a paying customer. The implementation of the MineHub platform in SC's global operations underlines the mutual commitment to a long term relationship, and the MineHub global team will work closely with the SC team to support the adoption of the MineHub platform by its worldwide network of mining companies, smelters and service providers.
This is just the latest big partnership for MineHub, as the company also entered into a commercial agreement with BHP (NYSE: BHP | MCAP: US$202.719B) in July. MineHub’s solutions will have a huge impact on streamlining logistics, as they will enable these companies to digitize their previously paper-based operations.
MHUB.v shares are continuing a trend of consolidation at $.245 as the 50MA continues to flatten from bearish trajectory. Following these big partnerships for MineHub, I’m highly anticipating updated financial statements from the company to be a big catalyst for a strong trend reversal.
MHUB.v is currently trading at $.23, valued at $14.95 million.
https://ceo.ca/@newsfile/minehub-and-sumitomo-corporation-enter-into-commercial