Ms. Andrea Aranguren reports

MINEHUB TO DEVELOP INTEGRATED DIGITAL SOLUTION FOR IRON ORE MARKET

MineHub Technologies Inc. has signed a memorandum of understanding with a Singapore-based company operating a digital matching platform that provides an end-to-end solution for physical iron ore trading, from execution through to letter of credit settlement.

By eliminating manual documentation bottlenecks, the integrated solution will enhance operational efficiency and unlock greater liquidity and transparency. This collaboration underscores MineHub's strategic expansion into new commodity verticals and reinforces its role as a central hub for digitizing trade execution. MineHub's purpose-built platform for the mining and metals supply chain is becoming the trusted system of record for global commodity trade execution. This expansion into iron ore marks a significant step in the company's mission to digitize and connect the entire mining and metals ecosystem.

Andrea Aranguren, chief executive officer of MineHub, commented: "Iron ore is a critical global commodity, yet its supply chains remain largely manual. This partnership accelerates MineHub's expansion into this market, leveraging our proven platform to digitize workflows end to end. By serving as the central hub integrating trade execution, logistics and financing, we are delivering the infrastructure needed to modernize this sector -- just as we've done for copper and aluminum."

Iron ore market

As the primary raw material for nearly all steel production globally, iron ore is a raw material essential for construction, automative and infrastructure development. The iron ore market is expected to grow from $275-billion in 2024 to $313-billion by 2030 with a CAGR (compound annual growth rate) of 4 per cent. Entry into the iron ore represents a significant new frontier for MineHub. The addition of this commodity to the platform complements existing activity in base metals and concentrates and enables broader participation from producers, traders and buyers seeking a modern digital infrastructure.

Unlocking value in iron ore supply chains

The solution will integrate MineHub's platform with a trade execution platform, trade finance tools and digital bill of lading providers. As the central portal for data integration, MineHub's platform will enable:

• Operational efficiencies through real-time data sharing and automation of contract enforcement;
• Enhanced risk management via real-time visibility into trade execution and shipment tracking. Multiparty validation for data and automated data capture will also minimize risk for all stakeholders;
• More efficient financing by digitally connecting transactional data directly to financiers sooner than is possible during traditional financing processes and by streamlining letter of credit management.

MineHub's Singapore-based partner brings connectivity to major iron ore producers, traders and steel mills actively seeking modern digital infrastructure to streamline their operations.

Strategic expansion and next steps

The collaboration aligns with MineHub's focus on broadening its commodity reach and digitizing high-value commodity markets. Iron ore's inclusion on the platform enables MineHub to:

• Broaden market reach: serve producers, traders and buyers adopting digital tools for efficiency and transparency;
• Strengthen MineHub's ecosystem: position the platform for end-to-end trade execution across diverse commodities;
• Create new revenue streams: drive growth through subscriptions and transaction-based models.

The parties are working to finalize a commercial agreement to operationalize the solution.

About MineHub Technologies Inc.

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.

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