M2i Global, Inc. SEC 10-Q Report
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M2i Global, Inc., a company that has recently shifted its focus from mobile software applications to developing a global value supply chain for critical minerals, has released its Form 10-Q report for the second quarter of 2025. The report provides insights into the company's financial performance and strategic business initiatives aimed at supplying critical minerals to the U.S. government and free trade partners.
Financial Highlights
- Revenue: $0, The company reported no revenue for the three and six months ended May 31, 2025, and May 31, 2024.
- Loss from operations: $(1.10) million for the three months ended May 31, 2025, compared to $(1.35) million for the same period in 2024, reflecting a decrease in operating expenses.
- Net Loss: $(1.12) million for the three months ended May 31, 2025, compared to $(1.37) million for the same period in 2024, indicating a reduction in net loss.
- Net Loss: $(2.47) million for the six months ended May 31, 2025, compared to $(2.07) million for the same period in 2024, reflecting increased operating expenses.
- Loss per share: $(0.00) for both the three and six months ended May 31, 2025, and May 31, 2024, indicating no change in loss per share.
Business Highlights
- Business Model Shift: M2i Global, Inc. has transitioned from developing mobile software applications to focusing on the development and execution of a global value supply chain for critical minerals, targeting the U.S. government and free trade partners.
- Strategic Partnerships: The company entered into a strategic partnership with Komodo Capital to leverage relationships for access to critical minerals, aiming to supply the U.S. government and free trade partners.
- Exclusive Offtake Agreement: M2i Global, Inc. signed an exclusive offtake agreement with NTM Minerals Limited for 88,000 tonnes of copper, valued at approximately $850 million, sourced from the Redbank tenements.
- Operational Divisions: The company plans to operate through three key divisions: M2i Mining, Processing & Refining, M2i Scrap & Recycling, and M2i Government and Defense Industrial Base, each focusing on different aspects of the mineral supply chain.
- Future Revenue Expectations: Management anticipates that revenues will begin to materialize in the first or second quarters of the next fiscal year as the company implements its new business model.
- Consulting Agreements: The company has ongoing consulting agreements with its Executive Chairman and CFO, and its President and CEO, which include monthly compensation and allowances, reflecting a focus on strategic leadership and operational management.
- Cybersecurity Strategy: M2i Global, Inc. has integrated cybersecurity risk management into its broader risk management framework, emphasizing the importance of safeguarding information systems and data integrity.
SEC Filing: M2i Global, Inc. [ MTWO ] - 10-Q - Jul. 15, 2025