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MineHub Enters Scrap Metals Market with Strategic Acquisition of Jules AI, Creating Comprehensive End-to-End Digital Platform for Primary and Recycled Metals
MineHub signs definitive agreement to acquire Jules AI, expanding its digital offering to include...
About this update from Minehub Technologies, Inc.
[{"type":"text","content":"MineHub Enters Scrap Metals Market with Strategic Acquisition of Jules AI, Creating Comprehensive End-to-End Digital Platform for Primary and Recycled MetalsMineHub signs definitive agreement to acquire Jules AI, expanding its digital offering to include recycled materials and alloys. This transaction positions MineHub into the recycled materials and scrap metals market, a growing US$1 trillion sector with Jules AI's platform that processed close to 2 million tons in 2024.The transaction is structured with a three-year earnout to align incentives and mitigate integration risk. Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) (\"MineHub\"), a leading provider of digital supply chain solutions for the commodity markets, is pleased to announce the signing of a definitive asset purchase agreement dated September 24, 2025 (the \"Asset Purchase Agreement\") to acquire Jules AI (\"Jules AI\") from Nyteco Inc., a Toronto-based incubator, arms' length to the Company. Jules AI is a recognized innovator in the digital transformation of commodity supply chains, focusing in recycling and scrap markets. Founded in 2021, Jules AI's commodity and trade risk management (CTRM) platform replaces fragmented workflows with AI-driven automation tailored for recycled and industrial commodities traders. The platform revolutionizes manual processes by automating data entry, document checks, and compliance tracking. Through their system Jules AI centralizes institutional expertise as teams grow and transition to deliver real-time global trade insights via predictive analytics.The Jules AI platform processed nearly 2 million metric tons of scrap materials in 2024-for industry leaders, including: Dhatu International Pte Ltd (Singapore): A leading ferrous scrap trader, Dhatu leverages Jules AI to streamline the global movement of thousands of containers monthly, supported by its memberships in BIR (Bureau of International Recycling) and ReMA (Recycled Materials Association).Schupan & Sons (USA): Founded in 1968, Schupan is a vertically integrated leader specializing in processing and trading ferrous and non-ferrous metals, including aluminum, and managing large-scale international trade operations. Their global Materials Trading team uses Jules AI to manage the logistics of a...