TEL AVIV, Israel, March 04, 2026 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (Nasdaq: HUBC) ("HUB" or the "Company"), today announced recent developments at the Tivani Tier-1 Critical Minerals Project, where Ferrox Critical Minerals Ltd. ("Ferrox") is expanding the asset's mineral scope to include antimony, alongside its established titanium, iron and vanadium mineralization.
Antimony is widely recognized as a defense-grade strategic material, used across aerospace systems, semiconductors, advanced electronics, flame-retardant materials and military technologies. Global supply remains highly concentrated, and Western governments increasingly identify antimony as a critical vulnerability within secure industrial supply chains.
Ferrox's expansion into antimony is intended to position Tivani as a multi-commodity critical minerals platform, strengthening its relevance across defense, aerospace and advanced manufacturing ecosystems.
Terrence Duffy, Chief Executive Officer of Ferrox Critical Minerals Ltd., stated: "Ferrox was built with the objective of becoming a globally relevant critical minerals producer, not simply a single-commodity mine developer. The addition of antimony and other strategic minerals under evaluation at Tivani reinforces our vision of creating a platform asset aligned with the most demanding industrial, defense and technology end users."
For HUBC, this development reinforces the Company's view that critical mineral ecosystems increasingly require trusted infrastructure capable of validating assets, operational data and participating entities as global supply chains reorganize around defense, advanced manufacturing and technology demand.
Indeed, HUBC has commenced phased embedding of its trust infrastructure across verification, governance and digital asset integrity workflows associated with the Tivani platform.
HUBC's foreseen and intended crucial engagement with the Tivani platform reflects the Company's broader strategy to extend secured data infrastructure, validation frameworks and trust architecture into sectors where asset provenance, governance integrity and operational transparency are required by governments, industrial partners and institutional capital.
Noah Hershcoviz, Chief Executive Officer of HUB Cyber Security Ltd., commented: "Strategic mineral assets are increasingly becoming central to national security and industrial policy. Developments such as the potential addition of antimony reinforce the strategic relevance of the Tivani platform and highlight the growing importance of trusted infrastructure capable of validating assets, participants and supply chain data across critical industrial ecosystems. Our envisioned partnership with Ferrox is intended to add real-world assets to HUBC's portfolio, while strengthening the Company's balance sheet in the process."
As governments and industrial partners increasingly prioritize secure sourcing of defense-grade materials, HUBC believes that validation and trust infrastructure will become a foundational layer supporting the transparency, governance and capital formation required for next-generation critical mineral supply chains.
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
