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MineHub (TSXV:MHUB) and Capstone Copper (TSX:CS) sign commercial agreement

Market News, Mining, Technology
TSXV:MHUB
25 January 2023 16:15 (EDT)

Source: MineHub.

MineHub (MHUB) and Capstone Copper (CS) have signed an agreement for the use of the MineHub platform.

Capstone is an Americas-focused copper mining company headquartered in Vancouver. It has interests in projects in Arizona, Mexico and Chile.

It will subscribe to the MineHub platform and associated enterprise applications as a commercial user. A first live shipment with 10,000 MT of copper concentrate was initiated on the platform and is en route from the U.S. to Japan.

“We have been working with Capstone’s team, and their customers on many of the platform features, enhancing our product further and leading to the next stage in our collaboration. Announcing this commercial contract and kicking off with a live shipment from Capstone is a great start to the year,” stated Arnoud Star Busmann, CEO at MineHub.

“We are excited to start using the MineHub platform within our operations, as it provides us with a streamlined way of executing our metals marketing transactions and provides customers with up-to-date visibility on our sales and shipment process,” added Ashley Woodhouse, Capstone’s Director of Marketing for global concentrate and metals sales.

MineHub is a blockchain-secured, enterprise-grade platform for digital trade, bringing efficiency, transparency and responsibility to global physical commodity supply chains.

MineHub Technologies (MHUB) closed up by 10.71 per cent, trading at $0.31 per share.

Capstone Copper (CS) closed up by 2.07 per cent, trading at $6.41 per share.


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