MineHub Technologies Inc. (‘MineHub' or the ‘Company') and Corporación Nacional del Cobre de Chile (‘Codelco') announced that Codelco has selected its Waybridge Platform as Codelco's Global Commercial Platform, following a Request for Proposal (RFP) and successful pilot. Codelco will utilize the Waybridge Platform to digitize 100% of its global refined copper business and lead the industry towards more efficient, reliable, and sustainable trading. The SaaS-based Waybridge platform currently provides seamless order processing, real-time shipment tracking, inventory management and reporting for the commodities ecosystem by automating data connections between customers and their entire supply chains.

Waybridge has over 90 companies interacting digitally on its platform, including leading global manufacturers, as well as major miners, warehouses, and shipping companies. In 2022, Waybridge customers managed more than $7 billion of raw materials via the platform. The Waybridge Platform will enable Codelco and its customers to: Collaborate and share transactional information seamlessly via a secure digital platform, including contract negotiations, shipping information, documentation, claims requests, invoice and payment statuses; Consolidate key supply chain data to ensure traceability, data analytics and comprehensive ESG reporting, including CO2 transportation calculations; Improve visibility into global copper flows while enhancing the timeliness and accurate delivery of key data necessary for trade and decision optimization; Drive operational efficiency via continuous process improvement, data automation and systems integrations with its clients, service providers and strategic partners.

At a time when supply chain disruption, labor shortages and systemic fraud are becoming the norm, the need for transparency and digitization is becoming increasingly urgent. Modern digital tools can ease the significant operational burden of administering commodity shipments, provide mine-to-market visibility and traceability for buyers and sellers, as well as meaningfully reduce instances of fraud in the supply chain. Codelco is considering to generate a plan with MineHub to onboard Codelco's global concentrates and blister businesses as well, using the Assay Exchange functionality within the MineHub platform.