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HUB Cyber Security Signs Term Sheet to Expand Trust Rails Infrastructure into Real-World Asset Validation with a Tier-1 Fully Permitted Critical Minerals Asset
Globenewswire· 2026-02-17 14:15
Core Viewpoint - HUB Cyber Security Ltd. is expanding its Trust Rails infrastructure into real-world asset validation by acquiring Ferrox Critical Minerals Ltd. and its Tivani minerals project in South Africa, which is set to commence production in FY 2026 [1][5]. Company Overview - HUB Cyber Security Ltd. operates at the intersection of military-grade cybersecurity and Secured Data Fabric (SDF) infrastructure, focusing on regulated and mission-critical environments [2]. - The company aims to enhance its Trust Rails platform by integrating verified real-world assets, allowing for governance, validation, and transactions within a secure infrastructure [3]. Tivani Project Details - The Tivani project contains approximately 519 million tons of titaniferous magnetite ore, with significant resources of titanium dioxide, iron, and vanadium, relevant to aerospace, defense, and energy transition sectors [4]. - Over US$70 million has been invested in the Tivani project, advancing it to the development phase and positioning it for staged commercialization [5]. Strategic Integration - The acquisition of the Tivani asset is expected to serve as a foundational revenue source for HUB's Trust Rails platform, linking physical resources to digital trust [6][10]. - The company plans to advance commercialization through strategic offtake and customer arrangements focused on titanium dioxide feedstock, iron, and vanadium [7]. Growth and Operations - Trust Rails is anticipated to drive enterprise platform growth through recurring software, services, and workflows dedicated to validation, authorization, compliance enforcement, and asset-linked transaction controls [8]. - The proposed transaction includes the issuance of $125 million in equity consideration in four stages, contingent on market conditions and performance milestones [12][13].