Excited to watch MHUB build on this growth. Last month, metals logistics platform MineHub (TSXV: MHUB) signed a commercial agreement with the Sumitomo Corporation for use of its platform. This marks the second large contract for the company, following its earlier agreement with BHP.
Sumitomo is a formidable force in global industry, and its group companies are involved at key points in the supply chains for many of the products we use in daily life, from the point of extraction of key raw materials and moving vertically into markets like construction, automotive, batteries, finance, energy, chemicals, and electronics.
This commercial agreement is another step in operationalizing the partnership that was announced in February this year, in which the companies communicated their strategic collaboration to:
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Expand the MineHub platform with innovative solutions and value propositions, and
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Enable SC and its suppliers and customers to unlock the benefits of digital trade through the MineHub platform, which include for instance operational cost savings, emissions reduction, supply chain resilience and working capital optimization.
MHUB.v is currently trading at $.19, valued at $12.35 million.
https://ceo.ca/@newsfile/minehub-and-sumitomo-corporation-enter-into-commercial