Abaxx and MineHub Form Strategic Alliance to Transform Commodities Market

Abaxx Technologies Inc. and MineHub Technologies Inc. have announced a strategic partnership that promises to revolutionize the commodities market. This collaboration is particularly significant in light of the ongoing challenges faced by the mining industry, including labor strikes, transport constraints, and natural disasters that impact copper availability and costs.

The partnership will see Abaxx acquire an approximately 10.9% ownership interest in MineHub through a share exchange agreement. This move aims to drive broader digitization within the physical commodities markets. Both companies share a mission to enhance data transparency and provide better tools for market participants, which is crucial as the industry navigates challenges such as climate change, the energy transition, and increasing regulatory pressures.

MineHub's digital supply chain platform is designed to improve the efficiency, resilience, and sustainability of the metals and mining industry. It connects buyers, sellers, laboratories, and financiers within physical commodities supply chains through a digitally integrated workflow. This workflow is powered by data that is usable, shareable, verifiable, and unforgeable. MineHub's solutions offer complete control over supply chains, allowing users to optimize resource use, respond quickly to disruptions, and deliver superior customer service. Major global enterprises already utilize MineHub's solutions for logistics, compliance, trade management, and financing operations.

The partnership will explore a wide range of commercial and product collaboration opportunities, leveraging the combined expertise and capabilities of both companies to enhance value for customers and shareholders. The integration of Abaxx and MineHub digital tools is expected to broaden the value available to customers and increase commercial traction. Additionally, the collaboration will facilitate entry into new commodities markets beyond MineHub's historical focus on copper and aluminum. Abaxx's ID++ identity protocol will also be utilized to enrich MineHub's secure and user-friendly communication tools.

This collaboration is expected to strengthen the physical commodities market's ability to meet evolving sustainability requirements, such as reporting, carbon offsetting, and traceability. It will also enable more efficient and secure hedging by bridging physical and financial commodities data while maintaining data privacy. Furthermore, the partnership will promote compliance within the dynamic global regulatory landscape.

Andrea Aranguren, President, CEO, and Director of MineHub, emphasized the numerous collaboration opportunities with Abaxx. She highlighted how the partnership will leverage their combined strengths to capitalize on market momentum and expedite tool adoption, ultimately maximizing customer value.

Under the Share Exchange Agreement, MineHub will receive Abaxx common shares in exchange for issuing its own shares, representing a certain percentage of MineHub. Abaxx will also receive MineHub share purchase warrants, exercisable for three months from the closing date. If exercised, these warrants will increase Abaxx’s ownership to 19.9%.

Additionally, MineHub reported record revenue of $776,000 in Fiscal Q1-2025, marking a 127% increase compared to Fiscal Q1-2024. This revenue included $300,000 from the completion of a successful development project. The company is experiencing accelerating customer activity with several industry leaders, including Codelco, Sumitomo, Surecomp, and Southwire. By the end of Fiscal Q1-2025, MineHub had expanded its ecosystem to include over 165 companies connected to its network.