February 23, 2022
MineHub Technologies Inc. (TSXV:MHUB, BUY, C$2.60 target, Timothy Lee) announced that Roy Hill, an independent iron ore producer in Western Australia, and its customer Xiamen Construction & Development, have recently completed a transaction on the company’s platform. The transaction involved the shipment of 200,000 tonnes of iron ore, valued at ~US$20M, from Port Hedland, West Australia to the ports of Jingtang and Huanghua in China. This transaction is a further expansion of the use of MineHub’s platform in the global iron ore market, following on previous cross-border iron ore and copper concentrate shipments with BHP (NYSE:BHP, Not Rated) (read more). Overall, we believe this is a positive step for MineHub, as it further demonstrates the functionality of its platform with an iron ore transaction that adds further to its user base. Major catalysts for MineHub continue to be: 1) adding new users; and 2) launching additional value-add features to its base platform. Read more
