Highlights
- Nimy signs a non-binding Collaboration Agreement with M2i to assist in the development and supply of gallium in support of the US government and the Defense Industrial Base.
- M2i is a US-listed company that specialises in the development and execution of a complete global value supply chain for critical minerals for the purposes of US National Defense and Economic Security and US free trade partners.
- Working with Nimy, M2i Global’s objective is to provide a sustainable supply of gallium to the Defense Industrial Base in support of the Department of Defense.
Nimy Resources Limited (ASX: NIM) (“Nimy” or “Company”) is pleased to announce that it has executed a non-binding, collaboration agreement (“CA”) with M2i Global, Inc. (OTCQB: MTWO) (“M2i”). The CA is aimed at assuring a supply of gallium in support of the United States of America’s Department of Defense (“DOD”).
M2i specialises in the development and execution of a complete global value supply chain of critical minerals for the purposes of US National Defense, US Economic Growth and Security and that of US free trade partners. Its subsidiaries, US Minerals Inc. and Metals Corp., is an engineering, research, and services firms that bring together people, technology and solutions from across Government, business, not-for-profits and academia to provide access and availability to critical minerals and metals for the purpose of defense and economic security.
The DOD, through its Manufacturing Capability Expansion and Investment Prioritization Office, is keen to secure a reliable, sustainable supply of gallium materials that can be used in various ways in support of the US Government including, but not limited to, the production of semi-conductors, radar and aerospace technologies.
Nimy Chairperson, Neil Warburton, commented:
Nimy’s strategy of developing a diversified integrated gallium supply chain continues to gain momentum and the agreement with M2i Global is a continuation of this progress.”
Doug Cole, Executive Chairperson of M2i, commented:
Our core mission is fortifying our nation’s critical material supply by providing secure and reliable access to key resources for the United States. We are excited to work closely with Nimy to advance their vision of setting the benchmark for the integrated supply of superior quality, natural gallium material to the growing technology industry.”
Major General (Ret) Al Rosendo, President & CEO of M2i, commented:
This agreement with Nimy will assist the work we are doing in support of US National Defense and Economic Security. M2i will continue its efforts to meet the needs identified by the Manufacturing Capability Expansion and Investment Prioritization office which works to assure a reliable, sustainable supply of gallium and other critical materials within the US to be used in the production of semi-conductors in the advanced technology sector. DOD wants to build a resilient industrial base to meet current and future national defense requirements.”