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HUB Cyber Security Ltd. has entered into a Term Sheet to acquire 100% of Ferrox Critical Minerals Ltd. and its Tivani project in South Africa, a fully permitted NI 43-101 compliant asset set to begin production in FY 2026. The Tivani project hosts around 519 million tons of titaniferous magnetite ore, supporting industries such as aerospace and defense.

The acquisition is expected to bolster HUB's Trust Rails platform, facilitating monetization across both physical and digital ecosystems. HUB plans to issue $125 million in equity consideration for the acquisition, with shares exchanged based on performance milestones of the Tivani project.