M2i Global Reports Zero Revenue and $2.47 Million Loss for Six Months Ending May 31, 2025

M2i Global, Inc. reported its financial results for the six months ending May 31, 2025, revealing a continued lack of revenue generation, with total revenues remaining at $0 for both the current and prior fiscal periods. The company, which transitioned from mobile software development to focusing on critical minerals supply chains, incurred a net loss of $2.47 million for the six months, compared to a loss of $2.07 million in the same period last year. The loss per share remained at $(0.00) for both periods, reflecting the company's ongoing financial challenges.

Operating expenses for the three months ended May 31, 2025, decreased to $1.10 million from $1.35 million in the prior year, primarily due to reduced general and administrative costs. However, for the six-month period, operating expenses increased to $2.44 million from $2.02 million, attributed to higher professional fees as the company adapts to its new strategic focus. The increase in expenses indicates the company's investment in its operational shift, which is expected to continue as it seeks to establish a foothold in the critical minerals market.

M2i Global's balance sheet as of May 31, 2025, showed total assets of $80.26 million, a decrease from $85.42 million at the end of November 2024. Current liabilities rose significantly to $3.84 million from $2.62 million, largely due to increased accounts payable and accrued expenses. The company's stockholders' deficit also widened to $3.76 million from $2.53 million, reflecting the cumulative losses and operational costs incurred during the period.

In terms of strategic developments, M2i Global has made significant moves to solidify its position in the critical minerals sector. The company became the sole shareholder of U.S. Minerals and Metals Corp. in May 2023 and has since entered into partnerships and agreements aimed at enhancing its supply chain capabilities. Notably, it established a strategic partnership with Komodo Capital and an offtake agreement with NTM Minerals Limited, which could potentially provide access to substantial copper resources valued at approximately $850 million.

Looking ahead, M2i Global anticipates that revenues may begin to materialize in the upcoming quarters as it implements its new business model. However, the company acknowledges the need for additional investment capital to fund its operations and expansion plans. Management has indicated that while they expect to increase capital expenditures significantly, there are no assurances regarding the success of these endeavors or the company's ability to achieve financial viability in the near future.