Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) ("MineHub" or the "Company") is pleased to announce that it has closed the second and final tranche of its previously announced private placement of units (the "Units") of the Company (the "Offering"). The Offering was completed by ATB Securities Inc. acting as the lead agent and sole bookrunner, on a "best efforts" agency basis, together with Haywood Securities Inc. (together, the "Age ...

Core Points - MineHub Technologies Inc. has successfully closed the first tranche of its private placement, issuing 7,063,684 Units at a price of $0.95 per Unit, resulting in total proceeds of $6,710,499.80 [1] - The second tranche of the Offering is expected to consist of 526,316 Units for gross proceeds of $500,000.20, anticipated to close around December 15, 2025 [1] Offering Details - Each Unit comprises one Common Share and one-half of a Warrant, with each Warrant allowing the purchase of one Common Share at an exercise price of $1.35 until December 10, 2027 [2] - The Offering was conducted under the "listed issuer financing" exemption and is not subject to a hold period under Canadian securities laws [3] Use of Proceeds - The net proceeds from the Offering will be utilized for working capital and general corporate purposes [4] Insider Participation - Certain insiders participated in the Offering, which is classified as a related-party transaction, exempt from specific valuation and minority shareholder approval requirements [5] Company Overview - MineHub is a digital supply chain platform aimed at enhancing efficiency, resilience, and sustainability in commodity markets, providing solutions that connect various stakeholders in physical commodities supply chains [7]

Core Points - MineHub Technologies Inc. is changing its fiscal year-end from January 31 to December 31 to align better with industry peers and subsidiary reporting obligations [1][2] - The next financial year-end for the company will be December 31, 2025 [2] Company Overview - MineHub is a digital supply chain platform focused on the commodity markets, enhancing the efficiency, resilience, and sustainability of raw material supply chains [4] - The company provides enterprise-grade digital solutions that connect various stakeholders in physical commodities supply chains, enabling better resource optimization and customer service [4]

Core Insights - MineHub Technologies Inc. has signed a definitive asset purchase agreement to acquire Jules AI, enhancing its digital supply chain solutions for the commodity markets [2][5] - The acquisition positions MineHub in the growing US$1 trillion recycled materials and scrap metals market, with Jules AI's platform processing nearly 2 million metric tons of scrap materials in 2024 [5][10] - The combined platform aims to deliver integrated solutions across the metals value chain, enhancing transparency and resilience in global supply chains [4][7] Company Overview - MineHub is a leading provider of digital supply chain solutions, focusing on making raw material supply chains more efficient, resilient, and sustainable [21] - Jules AI specializes in automating commodity and trade risk management for recycled and industrial commodities traders, streamlining workflows and enhancing operational efficiency [3][20] - The acquisition will allow MineHub to support all logistics types and pricing methods, transitioning customers to AI-driven systems of execution [8][10] Market Context - The recycled metals sector, including aluminum, copper, lithium, and steel, is projected to grow at a 7.1% CAGR from US$75.5 billion in 2025 to US$149.9 billion by 2035 [10] - Recycled metals are critical for high-value industries such as electric vehicles, construction, aerospace, and electronics, contributing to decarbonization efforts [11][10] - The acquisition aligns with global shifts towards sustainable practices and regulatory adaptations in industries reliant on recycled materials [11][10] Transaction Details - The acquisition is structured with a three-year earnout based on cumulative revenue targets, with an upfront payment of US$1.9 million and a potential earnout of US$18.1 million [8][9] - MineHub shares will be issued at a deemed price of C$0.74 per share, with resale restrictions extending up to 37 months [17][8] - The transaction is expected to close within 90 days, pending regulatory approvals [9]

Group 1: Offering and Proceeds - MineHub Technologies Inc. closed a non-brokered private placement, raising gross proceeds of CAD $500,000 by selling 1,250,000 units at a price of $0.40 per unit [1] - Each unit consists of one common share and one-half of a transferable common share purchase warrant, with warrants exercisable at $0.50 per share, expiring on January 31, 2027 [1] - The net proceeds from the Offering and the Incentive Program will be used for general administrative and working capital purposes [4] Group 2: Incentive Program - The Company closed its warrant exercise incentive program, allowing holders of Eligible Warrants to earn one incentive warrant for each Eligible Warrant exercised [2] - A total of 2,570,954 Eligible Warrants were exercised, generating proceeds of CAD $1,028,382 and resulting in the issuance of the same number of Incentive Warrants [2] - The Incentive Warrants are subject to a four-month and one-day hold period from the date of issuance [3] Group 3: Debt Settlement - The Company intends to settle outstanding loan debts totaling CAD $440,372 through the issuance of units at a value of $0.40 per unit [6] - Each Debt Settlement Unit will consist of one common share and one-half of a share purchase warrant, with warrants exercisable at $0.50 per share, expiring on January 31, 2027 [6] - The Debt Settlement is subject to TSXV approval before closing [6] Group 4: Insider Participation - Certain insiders participated in the Incentive Program, receiving Incentive Warrants, which is classified as a related-party transaction [5] - The issuance of Incentive Warrants to insiders is exempt from formal valuation and minority shareholder approval requirements [5] Group 5: Stock Options - The Company granted 618,000 incentive stock options to certain insiders, each exercisable at CAD $0.40 per share for five years [8] - The stock options are subject to vesting requirements as determined by the board of directors [8] Group 6: Company Overview - MineHub is a digital supply chain platform for commodity markets, enhancing the efficiency, resilience, and sustainability of raw material supply chains [9] - The platform connects buyers, sellers, laboratories, and financiers, enabling optimized resource use and improved customer service [9]

Group 1 - MineHub Technologies Inc. has extended its warrant exercise incentive program until July 25, 2025, concerning 17,800,908 outstanding share purchase warrants, each exercisable at $0.40 into a common share [1] - The company operates a digital supply chain platform for commodity markets, enhancing the efficiency, resilience, and sustainability of raw material supply chains [2] - MineHub provides enterprise-grade digital solutions that connect various stakeholders in physical commodities supply chains, enabling better resource optimization and customer service [2]