MineHub Launches Business Confirmations Module to Revolutionize Contracting Workflows

March 07, 2024 8:00 AM EST | Source: MineHub Technologies Inc.

  • MineHub launches Business Confirmation Module, a digital tool dedicated to streamlining the contract execution process.

  • Key features of the tool include streamlined negotiations, reduced errors and disputes, and improved internal compliance.

Vancouver, British Columbia--(Newsfile Corp. - March 7, 2024) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBD) ("MineHub" or the "Company"), a leading provider of digital supply chain solutions for the commodity markets, is pleased to announce the launch of its Business Confirmations Module, an innovative tool designed to transform the way sellers and buyers engage in contract negotiations. This software module allows seamless sharing of structured contract terms, paving the way for efficient agreements through an audited approval workflow to ensure compliance. In an industry where producers and sellers traditionally handle the contract process manually, MineHub is introducing a software-based solution that will standardize and streamline the terms negotiation workflow, offering a more comprehensive suite of tools.

Andrea Aranguren, CEO of MineHub, expressed excitement about the new offering, stating, "At MineHub, we are dedicated to driving innovation in the mining industry. Our Business Confirmations Module empowers sellers and buyers by providing a centralized platform for sharing structured contract terms, ultimately reducing negotiation time and improving overall efficiency in the contracting process. I believe this technological advancement will not only enhance the efficiency of contract negotiations but will also contribute to the overall growth and compliance of the industry."

Key features of MineHub's new Business Confirmations Module include:

  • Streamlined Negotiations: Sellers can wrap up negotiations quickly and efficiently by simplifying the terms entry and communication process.
  • Reduced Errors and Disputes: Trade terms are presented in a standardized manner and approvals are securely uploaded to the system, eliminating the risk of lost approvals or different contract versions in email inboxes.
  • Improved Internal Compliance: The tool offers a scalable and collaborative solution for tracking approvals internally, addressing the administrative challenges faced by many customers who have previously invested significant time and resources in creating custom internal tools.

The Business Confirmations Module has already been rolled out to select customers and has undergone extensive testing on MineHub's network. It is now available for all MineHub customers and their respective customer bases.

About MineHub Technologies

MineHub is the digital supply chain platform for the commodity markets, making raw material supply chains more efficient, resilient and sustainable. MineHub provides enterprise-grade digital solutions that connect buyers, sellers, laboratories and financiers within physical commodities supply chains in a digitally integrated workflow powered by data that is useable, shareable, verifiable and unforgeable. Users of MineHub solutions are in full control of their supply chains, enabling them to optimize their use of resources, respond better and faster to disruptions, and provide a better customer service. Global enterprises already use MineHub solutions as part of their logistics, compliance, trade management and financing operations.

Andrea Aranguren
CEO, MineHub Technologies Inc.

For further information regarding MineHub, please email info@minehub.com or visit our website at www.minehub.com. Tel: (604) 628-5623

Cautionary Note Regarding Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains statements that are considered "forward-looking information" within the meaning of applicable Canadian securities legislation ("forward-looking statements") with respect to MineHub including, but not limited to, statements with respect to MineHub's future operational plans, the timing of such plans and anticipated customers. Forward-looking statements are statements that are not historical facts are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although MineHub believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its operations, applications and for general working capital purposes, changes in economic conditions or financial markets, changes in laws or regulations that could have an impact on the Company's operations, dependence on its key management personnel and market competition. Other risk factors are identified in the Company's management discussion and analysis, available on the Company's SEDAR profile at www.sedar.com. There may be other risk factors not presently known that management believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. Although the Company has attempted to identify risk factors that could cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not place undue reliance on forward-looking statements or information. The forward-looking information is made as of the date included herein, and the Company assumes no obligation to publicly update or revise such forward-looking information. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of MineHub's management on the date the statements are made. However, except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors should change.

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