Tivani Tier-1 Critical Minerals Project Enters Pre-Construction; HUB Cyber Security Embeds Trust Infrastructure
MWN-AI** Summary
On February 27, 2026, HUB Cyber Security Ltd. announced that the Tivani Tier-1 Critical Minerals Project, led by Ferrox Critical Minerals Ltd., has officially moved into its pre-construction phase. This pivotal development signifies that the project, located in Limpopo Province, South Africa, is gearing up for its targeted production start in 2027. Ferrox's CEO, Terrence Duffy, highlighted that entering pre-construction with robust partners demonstrates the project's maturity and the emphasis on effective execution. Detailed engineering, procurement alignment, and construction sequencing are now underway to prepare for the build-out.
HUB is working on embedding its Trust Infrastructure into the project's operational processes, aiming for a structured verification system that aligns with engineering advancement and capital deployment. CEO Noah Hershcoviz emphasized the importance of integrating verification at the operational level from the start to ensure governance throughout the project. These initiatives reflect HUB's strategy to expand its cybersecurity capabilities while providing necessary trust architecture for projects like Tivani.
The Tivani project houses approximately 519 million tons of titaniferous magnetite ore and has secured mining rights alongside a fully permitted status. As both companies advance, they face several risks, including regulatory approvals, cost management, infrastructure availability, and geopolitical considerations, particularly in light of the post-October 2023 conflict in Israel. HUB and Ferrox will continue to provide updates on project milestones and integration processes as construction progresses. The collaboration positions them strategically within the critical minerals market, responding to growing global demand in a competitive landscape.
MWN-AI** Analysis
The recent announcement regarding the Tivani Tier-1 Critical Minerals Project, entering its pre-construction phase, alongside HUB Cyber Security's strategic integration of Trust Infrastructure, underscores a significant developmental milestone for both companies. Investors should closely monitor this progress as the combined efforts of Ferrox Critical Minerals and HUB Cyber Security may create distinct advantages within the critical minerals and cybersecurity sectors.
HUB’s commitment to embedding trust architecture into Tivani's workflows enhances operational governance, a necessity as the project moves towards production tenure expected in 2027. This synergy not only bolsters project credibility but also appeals to increasing investor interest in responsible mining practices and cybersecurity resilience. The integration of HUB's infrastructures is critical, especially amid geopolitical uncertainties highlighted by the ongoing conflict in the region.
Further, the scale of resources associated with Tivani, namely the 519 million tons of titaniferous magnetite, presents a potential hedge against rising demand for critical minerals due to the global energy transition and technological advancements. The collaboration with established industry partners signals robust operational execution and risk management, features that should mitigate potential project delays and cost overruns historically prevalent in mining ventures.
However, investors should remain vigilant regarding the inherent risks associated with mining projects, particularly in terms of regulatory approvals, construction timelines, and commodity price volatility. The challenges outlined in HUB's statements suggest the need for careful risk assessment in relation to projected revenues from the Tivani project.
In conclusion, while the prospects for Tivani appear promising given its robust resource base and integrated governance with HUB, potential investors are advised to conduct comprehensive due diligence considering the associated geopolitical and operational risks as the project progresses toward development.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
TEL AVIV, Israel, Feb. 27, 2026 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (Nasdaq: HUBC) (“HUB” or the “Company”), announced that the Tivani Tier-1 Critical Minerals Project being undertaken by Ferrox Critical Minerals Ltd. (“Ferrox”) has formally entered its pre-construction stage and that HUB has commenced phased embedding of its Trust Infrastructure across contractor verification, governance and capital sequencing workflows as the Tivani project advances toward its targeted 2027 commencement of production.
The fully permitted Tier-1 Tivani project, located in Limpopo Province, South Africa, has initiated detailed engineering, procurement alignment and construction sequencing activities in preparation for build-out.
Terrence Duffy, Chief Executive Officer of Ferrox, stated:
“This marks a pivotal inflection point for Tivani. Advancing into pre-construction with world-class partners reflects the maturity of the project and our focus on disciplined execution. Tivani was engineered from the outset to support scale, optionality and operational resilience, and this phase is about converting that vision into a build-ready plan.”
In parallel with the transition into execution, HUB’s integration focuses on structured verification processes and embedded governance controls aligned with engineering progression, contractor engagement and capital deployment sequencing.
Noah Hershcoviz, Chief Executive Officer of HUB, stated:
“Execution governance is infrastructure. Projects entering pre-construction require verification to be embedded at the operating layer, not added afterwards. The Tivani project reflects that standard, and we are integrating trust architecture to support disciplined capital sequencing as the project advances.”
This integration reflects HUB’s disciplined expansion of its core cybersecurity capabilities into structured trust infrastructure for real-world and digital asset environments.
HUB expects integration milestones to progress in alignment with Tivani’s construction and capital formation sequencing and will provide further updates as implementation phases are completed.
About HUB Cyber Security Ltd.
HUB Cyber Security Ltd. (Nasdaq: HUBC) is a global provider of military-grade cybersecurity, confidential computing, and AI-driven Secured Data Fabric infrastructure serving governments, financial institutions, and regulated enterprises worldwide.
About Ferrox Critical Minerals Ltd.
Ferrox Critical Minerals Ltd. holds the Tivani project in Limpopo, South Africa, containing approximately 519 million tons of titaniferous magnetite ore with NI 43-101 compliant resources and secured mining rights.
Forward-Looking Statements
This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “future,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “seem,” “should,” “will,” “would” and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of HUB, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties, or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by HUB and the following: (i) the Company’s ability to meet stock exchange continued listing standards and remain listed on the Nasdaq; (ii) significant uncertainty regarding the adequacy of HUB’s liquidity and capital resources and its ability to repay its obligations as they become due; (iii) the war between Israel and Hamas commenced in October 2023, which may harm Israel’s economy and HUB’s business; (iv) expectations regarding HUB’s strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and HUB’s ability to invest in growth initiatives and pursue acquisition opportunities; (v) the outcome of any legal or regulatory proceedings against HUB in connection with our previously announced internal investigation or otherwise; (vi) competition, the ability of HUB to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vii) limited liquidity and trading of HUB’s securities; (viii) geopolitical risk, including military action and related sanctions, and changes in applicable laws or regulations; (ix) the possibility that HUB may be adversely affected by other economic, business, and/or competitive factors; and (x) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in HUB’s Annual Report on Form 20-F filed on May 1, 2025. Additional risks and uncertainties include those related to the development and commercialization of the Tivani project, including but not limited to: (a) the need for, timing of, and ability to obtain or maintain required permits and regulatory approvals; (b) construction, commissioning and ramp-up risks, including delays, cost overruns, contractor performance, equipment procurement, supply chain disruptions and availability of skilled labor; (c) risks that actual mining and processing performance, ore characteristics, recoveries, product quality and operating costs differ materially from expectations; (d) reliance on the availability, capacity and cost of power, water, rail, port and other infrastructure and logistics; (e) risks related to securing project financing and working capital on acceptable terms, if at all; (f) risks related to the ability to enter into and perform under strategic offtake and customer arrangements on acceptable terms; (g) commodity price volatility and demand conditions for the applicable minerals; (h) environmental, health and safety and tailings management risks; (i) community, labor and stakeholder relations risks; and (j) political, legal, regulatory, tax, foreign exchange and other country risks associated with operations in South Africa.
Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of HUB prove incorrect, actual results may vary in material respects from those expressed or implied in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning HUB or other matters addressed in this press release and attributable to HUB or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in the press release. Except to the extent required by applicable law or regulation, HUB undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events.
Investor Relations
Lytham Partners
Ben Shamsian
646-829-9701
shamsian@lythampartners.com
FAQ**
How is Hub Cyber Security Ltd. (HUBC) ensuring compliance with the necessary regulations and governance frameworks as the Tivani project advances into its pre-construction stage?
What specific cybersecurity measures is Hub Cyber Security Ltd. (HUBC) implementing to support the Tivani project's integration of trust infrastructure across contractor workflows?
Given the geopolitical risks mentioned, how does Hub Cyber Security Ltd. (HUBC) plan to mitigate potential impacts on its business and the Tivani project stemming from ongoing tensions in the region?
What strategies is Hub Cyber Security Ltd. (HUBC) employing to secure project financing for the Tivani project, considering the uncertainties highlighted in their forward-looking statements?
**MWN-AI FAQ is based on asking OpenAI questions about Hub Cyber Security Ltd. (NASDAQ: HUBC).
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