Pre-revenue operating model
The company reported no revenue in the fiscal years ended November 30, 2025 and 2024, so it depends on financing to continue building the business.
- Scope
- All operations
- Materiality
- high
M2i Global, Inc.
M2i Global, Inc. is a U.S.-based critical minerals and metals company that shifted from its former mobile software business into building a global supply chain for minerals tied to U.S. government and allied trade needs. Its planned model spans sourcing, extraction, processing, refining, transport, scrap recycling, and government/defense-related mineral reserve support.
0.06
0.06
| % | |
|---|---|
| Critical minerals supply chain | 45% Sourcing, extraction, processing, refining, transport and sale of primary minerals and metals. |
| Scrap and recycling | 20% Collection, processing, transport and sale of scrap, recycled and reused metals. |
| Government and defense programs | 25% Activities aligned with U.S. policy, including strategic minerals reserve and stockpile support. |
| Advisory and partnership-driven supply access | 10% Strategic partnerships and advisory relationships used to secure mineral access and execution capability. |
The company is positioning itself to serve the U.S. government, defense-related supply chains, and U.S...
- U.S. government and defense agenciesprimary
Buy strategic minerals, reserve support, and supply-chain services to strengthen national stockpiles and resilience.
- Defense industrial baseprimary
Needs secure, policy-aligned access to critical minerals used in manufacturing and strategic programs.
- Mining and offtake partnersprimary
Provide mineral supply or offtake rights, such as copper sourced through the Redbank tenements agreement.
- Scrap and recycling counterpartiessecondary
Supply recycled and reused metals for processing and resale within the company’s circular supply-chain model.
- U.S. free trade partnerssecondary
Potential buyers or counterparties for critical minerals sourced through the company’s global value chain.
M2i Global is headquartered in the United States and its business model is explicitly centered on U.S. government and U...
- •Headquartered in the United States
- •Business model is built around U.S. government supply security
- •Targets U.S. free trade partners as downstream counterparties
- •Global sourcing and offtake relationships support mineral access
- •No country-level revenue disclosure was provided in the reports
The company’s strategy is to build a complete critical-minerals value chain rather than operate as a single-asset miner...
01
Secure mineral supply through partnerships and offtake agreementsshort-term
The company needs reliable feedstock before it can scale trading, processing, or government-facing programs.
02
Expand operational capability across the value chainmedium-term
The model depends on moving from sourcing to processing, refining, transport and sale.
03
Position for U.S. government and defense-related programsmedium-term
Policy-aligned demand could provide strategic relevance and differentiated market access.
The company is still in an early commercialization phase and has generated no revenue, so execution risk is high and...
Financing dependence
Management expects significant capital expenditures and says it will need substantial debt or equity capital to fund future operations.
- Scope
- Liquidity and expansion plans
- Materiality
- high
Execution risk on strategic partnerships and offtake agreements
The company’s supply chain strategy relies on counterparties delivering minerals and on the company being able to monetize those rights.
- Scope
- Komodo Capital, NTM Minerals Limited, Redbank copper offtake
- Materiality
- high
Commodity and supply-chain volatility
Critical minerals businesses are exposed to price swings, logistics disruption, and resource uncertainty.
- Scope
- Copper and other critical minerals
- Materiality
- medium
Regulatory and government-program dependence
A meaningful part of the strategy depends on U.S. policy alignment and participation in strategic reserve or stockpile initiatives.
- Scope
- Government and defense industrial base
- Materiality
- medium
Revenue recognition
Could materially affect reported growth and margin profile
Equity-based consideration for strategic agreements
Affects dilution, transaction accounting, and perceived cost of growth
Liquidity and going-concern assessment
Could influence audit emphasis and investor confidence
Share issuance and stock-based transactions
Affects per-share metrics and ownership dilution
: 28.4.2026