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or Name
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Kutcho Copper Corp
Symbol KC
Shares Issued 47,897,628
Close 2018-07-11 C$ 0.44
Market Cap C$ 21,074,956
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Kutcho launches MineHub blockchain company

2018-07-12 07:29 ET - News Release

Mr. Vince Sorace reports

KUTCHO COPPER LAUNCHES MINEHUB TECHNOLOGIES WITH INDUSTRY PARTNERS

Kutcho Copper Corp. has launched 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. Further details regarding syndicate members will be disclosed in the near future.

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.

Vince Sorace, president and chief executive officer of Kutcho Copper, stated: "MineHub presents a remarkable opportunity for Kutcho Copper shareholders to benefit from ownership in this groundbreaking technology which we believe 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."

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.

Each syndicate member will appoint a person to a product steering committee and to MineHub's advisory board around a multiyear commitment. Syndicate members will receive a founder 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.

About Kutcho Copper Corp.

Kutcho Copper is a Canadian resource development company focused on expanding and developing the Kutcho high-grade copper-zinc project in Northern British Columbia. Committed to social responsibility and the highest environmental standards, the company intends to advance the Kutcho project through feasibility and permitting to a positive construction decision

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