Cover Technologies Inc. engages in the research and development of magnesium processing technologies and solutions. The company develops ElectrumX, a spot exchange for commodity minerals such as magnesium. It also develops non-fungible tokens, as well as related assets and technologies in the area of DeFi. The company was formerly known as Mag One Products Inc. and changed its name to Cover Technologies Inc. in October 2020. Cover Technologies Inc. was incorporated in 2007 and is headquartered in Vancouver, Canada.