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MineHub Announces Closing of Final Tranche of LIFE Offering
Newsfile· 2025-12-11 21:30
Core Viewpoint - MineHub Technologies Inc. has successfully completed the second and final tranche of its private placement, raising a total of $7,210,500 through the issuance of units at a price of $0.95 per unit [1][4]. Group 1: Offering Details - The Offering consisted of 7,063,684 Units issued at a price of $0.95 per Unit, resulting in aggregate proceeds of $6,710,499.80, including the full exercise of the Agents' option [1]. - The second tranche included 526,316 Units, generating gross proceeds of $500,000.20 [1]. - Each Unit comprises one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at $1.35 per share until December 10, 2027 [2]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for working capital and general corporate purposes [4]. Group 3: Agent Compensation - In connection with the Offering, the Company issued 489,619 compensation options to the Agents, exercisable at the Offering Price until December 10, 2027, subject to a hold period expiring on April 11, 2026 [5]. - The Agents received cash commissions totaling $425,713 and additional fees of $39,500 [5]. Group 4: Regulatory Compliance - The Offering was conducted under the "listed issuer financing" exemption and is not subject to a hold period under applicable Canadian securities laws [3].
MineHub Announces Closing of First Tranche of LIFE Offering
Newsfile· 2025-12-10 14:07
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]
MineHub Announces Change of Fiscal Year End
Newsfile· 2025-11-28 21:30
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]
MineHub Enters Scrap Metals Market with Strategic Acquisition of Jules AI, Creating Comprehensive End-to-End Digital Platform for Primary and Recycled Metals
Newsfile· 2025-09-25 11:00
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]
MineHub Closes Financing and Warrant Incentive Program
Newsfile· 2025-07-25 22:00
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]
MineHub Announces Warrant Incentive Program Extension
Newsfile· 2025-07-16 22:00
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]