The agreement with M2i Global also provides for project funding and introduction to other groups which may help with development of Nimy’s Block 3 gallium discovery
Nimy Resources (ASX:NIM) is pleased to announce that it has signed a non-binding Memorandum of Understanding with U.S. critical minerals group M2i Global for the sale of gallium from Nimy’s Block 3 discovery in WA.
Under the agreement, M2i will seek to provide funding options for Block 3 and introduce Nimy to relevant third-party corporations and government agencies which may assist with the project.
M2i may also seek to facilitate sales to U.S. Government purchasers, including the U.S. Department of Defense.
Nimy and M2i will now collaborate with the aim of forming commercially binding contract terms for respective sale and purchase of a portion of Gallium production.
Managing Director Luke Hampson said:
The signing of this MOU with M2i Global represents a pivotal moment for Nimy as we advance the Mons Project towards production. This partnership not only validates the quality of our pending gallium resource definition but also positions Nimy to play a critical role in supplying the U.S. market with this strategically important mineral. We look forward to collaborating with M2i to unlock the full potential of the Mons Project and deliver value to our shareholders.”
M2i Global Inc CEO Al Rosende said:
M2i Global is excited to partner with Nimy Resources to secure a reliable, high-quality source of gallium for the United States. This MOU underscores our commitment to building a robust critical minerals supply chain, and we are eager to support the development of the Mons Project through financing and strategic collaborations, including potential U.S. Government involvement.”