MineHub Technologies Inc. announced it has entered into an agreement with a prominent global mining company to digitize its mining and supply chain operations, including the onboarding of numerous ecosystem partners onto the platform. This agreement is expected to contribute approximately CAD 850,000 to MineHub's revenue over the next 12 months. Under the terms of the agreement, MineHub will provide an enterprise license to its platform along with enterprise applications for use in the global mining company's operations.

In addition, MineHub will further be enhancing its platform with high value functionality and integration APIs, which will increase operational efficiencies and reduce the potential for human error. Under the terms of the Statement of Work (SOW), the two companies have already embarked on the first stages of the project, including API development and deployment, which is on track to be completed by the end of Fourth Quarter 2023. Following this, MineHub will deliver further enhancements and validation testing in First Quarter 2024, with onboarding of the global mining company's ecosystem partners anticipated in the same quarter.

An initial list of ecosystem partners has already been identified. This network of like-minded partners will foster a thriving ecosystem of innovative supply-chain solutions, amplifying the impact and reach of MineHub's transformative capabilities. The counterparty and terms of the agreement remain confidential.