MineHub acquires Jules AI to strengthen digital supply chains in recycled metals

MineHub Technologies has signed a definitive agreement to acquire the assets of Jules AI, a tech company that automates workflows in commodity trading with an emphasis on recycling and scrap markets. In 2024, the platform processed nearly 2 million metric tons of scrap materials.

The platform uses AI automation to replace manual processes such as data entry, document verification, and compliance tracking. By consolidating institutional knowledge and applying predictive analytics, Jules AI supports global trade decision-making in real time. 

The acquisition of Jules AI expands MineHub's offerings to encompass bulk, refined, and recycled/scrap metals, addressing a critical need for integrated solutions across the metals value chain. The combination of MineHub and Jules AI will enable:

Broader access to the global scrap and recycled metals sector

The combined platform gives MineHub direct exposure to the US$1 trillion global scrap industry. This includes ferrous and non-ferrous metals, aluminum, copper, and lithium, all of which are critical to fast-growing markets like electric vehicle batteries, aerospace alloys, and low-carbon steel for construction.

By integrating Jules AI's recycling-specific workflows with MineHub's existing digital infrastructure, the platform can serve both primary and secondary metals markets, connecting miners, traders, processors, and recyclers in one ecosystem.

AI-powered automation for commodity trading

Jules AI introduces machine learning tools that reduce manual processes in commodity trading. The platform automates document verification, such as bills of lading and letters of credit, as well as data entry and compliance reporting.

This automation can cut processing times by up to sevenfold compared to traditional methods, freeing up teams to focus on higher-value trading strategies. Over time, Jules AI's roadmap moves beyond task automation to agentic AI that can execute entire trades, predict market movements, and optimize risk management in real time.

End-to-end supply chain execution

MineHub's current strength lies in being a digital system of record for commodity transactions. With Jules AI, the platform expands into a system of execution that covers the full trade lifecycle. This includes spot and formula-based pricing, order management, hedging, logistics coordination across bulk shipments, containers, and trucking, as well as settlement and accounting.

By bringing all stages into a single platform, MineHub can provide recyclers, traders, and manufacturers with a unified workflow that reduces errors, ensures auditability, and improves efficiency.

Integration of physical and digital transparency

MineHub has already piloted digital bills of lading to improve visibility in global shipping. Jules AI strengthens this approach by applying AI to fragmented and chaotic processes in the scrap trade. The result is a platform that turns paper-heavy, manual systems into auditable, AI-optimized workflows, increasing transparency across recycling supply chains. This level of traceability is critical as industries adapt to stricter reporting requirements on emissions, recycled content, and cross-border trade compliance.

Market context

The recycled metals market is projected to grow from US$75.5 billion in 2025 to nearly US$150 billion by 2035, with a 7.1 percent CAGR. Recycled aluminum, copper, lithium, and steel are increasingly important to sectors such as automotive batteries, low-carbon construction, aerospace alloys, and electronics.

Recycling reduces emissions by up to 95 percent compared to virgin metal extraction, aligning with global decarbonization goals and regulatory frameworks like the EU Carbon Border Adjustment Mechanism.

Transaction overview

MineHub will acquire Jules AI through a mix of cash and share issuances, with an earn-out structure tied to revenue performance over three years. The transaction is subject to regulatory approval by the TSX Venture Exchange and customary closing conditions.