Kutcho Copper Opens MineHub Metals & Mining Blockchain Supply Chain Technologies
Kutcho Copper Corp. has announced the launch of its MineHub Technologies Inc with a syndicate of industry partners including a senior mining company, one of the world’s largest streaming companies, an international base and precious metals and concentrates trading company that specializes in providing trading and financing solutions for miners and smelters and a global financial institution offering banking services in the metals and mining industry.
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia.
MineHub’s technology complements Kutcho Copper’s plans to advance its copper-zinc-silver-gold project in British Columbia where concentrates would be produced, and Kutcho Copper would look to realize cost savings through utilization of the application.
What Is MineHub?
MineHub is a cutting edge technology company leveraging blockchain technology to develop a new generation of applications for the metals and mining industry. The initial application to be released focuses on supply chain and asset management to create a secure, traceable and streamlined journey of assets from the mine site to the smelter and beyond. The MineHub application looks to significantly reduce cost and solve issues around lack of transparency and create visibility and accountability with real-time asset information available at every step of the supply chain worldwide.
According to Vince Sorace, President & CEO of Kutcho Copper, MineHub presents a remarkable opportunity for Kutcho Copper shareholders to benefit from ownership in this groundbreaking technology which can transform the mining industry. Each syndicate member brings a unique perspective and knowledge that will assist in developing applications around solutions to real problems in the mining industry. Working together, MineHub will be exposed to the vast knowledge and experience of the syndicate that will drive application development to become adopted and useable by industry as a whole.
Each Syndicate member will appoint a person to a product steering committee and to MineHub’s advisory board around a multi-year commitment. Syndicate members will receive a founder’s equity position in MineHub and are entitled to pre-emptive rights to participate in equity financings. All intellectual property produced by MineHub will be the sole and exclusive property of MineHub.