M2i Global, Nimy Resources advance Gallium offtake deal for non-chinese supply

M2i Global CEO Alberto Rosende joined Steve Darling from Proactive to announce that the company has signed a non-binding Memorandum of Understanding (MOU) with Nimy Resources, outlining plans to collaborate on forming commercially binding terms for the future sale and purchase of gallium production. Rosende highlighted that the agreement comes at a strategically important time for the United States. The U.S. currently has no domestic primary gallium production and depends entirely on imports, with a substantial portion originating from China. Although China has temporarily lifted its export ban on gallium to the U.S. until November 2026, shipments remain under tight export controls requiring government-issued licenses. With gallium essential for semiconductors, defense systems, and clean-energy technologies, developing secure, non-Chinese supply pathways is now a national priority. The MOU sets the stage for M2i and Nimy to work together on the potential supply of gallium sourced from Nimy’s Mons Project in Western Australia, which hosts a near-term JORC-compliant gallium resource along with other critical minerals, including rare earth elements. Rosende emphasized that the JORC Code—Australia’s strict professional standard for public mineral resource reporting—ensures transparency, reliability, and technical rigor in the evaluation of these resources. The collaboration is exclusive to the Mons Project and does not extend to Nimy’s other assets. Under the MOU, both parties will now begin due diligence and negotiations toward a binding offtake agreement, focusing on commercial terms such as pricing structures, contracted volumes, and delivery logistics. Nimy continues to advance development of the Mons Project, including permitting and funding efforts, to align with the timelines envisioned in the agreement. Rosende noted that if finalized, the partnership would mark an important step in building a resilient, non-Chinese supply of gallium for the U.S. market—supporting security of supply for the semiconductor, energy, and defense sectors. #proactiveinvestors #m2iglobalinc #otcqb #mtwo #CriticalMinerals #SupplyChainSecurity #StrategicMinerals #USDefense #EconomicSecurity #BlockchainLogistics #CriticalMinerals #NevadaMining #parslee #volato #gallium