$MHUB.V is up 31% so far this week as the company experienced a significant jump over the past few days from continued elevated volume. The recently announced $2M private placement should help the company’s efforts in expanding the business and securing new clients for the Minehub platform. The platform is essential for companies looking to digitize and optimize their supply chains as it eliminates the need for paper-backed processes while having a centralized system to refer to all information.
- Access to things such as centralized shipment tracking, documents, financing, contracts, and inventories.
- Manages ESG tracking to help companies meet compliance goals as governments continue to add new legislation regarding ESG practices.
- Easily adaptable for new uses beyond the mining and metals industry opening up several multi-trillion dollar industries to be part of.
With 2 mining companies, BHP and Sumitomo, already signed onto the platform, we should be seeing the revenue numbers from the commercial agreements very soon. Just remember, these 2 companies aren’t just any other mining companies. They’re among the largest conglomerates across the globe. And as companies have their priorities on investing in supply chain resilience, $MHUB.V’s platform is definitely trending in the right direction.
The current $19M valuation still represents a significant upside for the company. With the recently opened private placement, I’ll be looking to see if they’re able to utilize some of that cash to further develop the platform and secure more commercial agreements.