M2i Global Reports $1.35 Million Net Loss Amid Transition to Critical Minerals Supply Chains

M2i Global, Inc. reported its financial results for the three months ending February 28, 2025, revealing a net loss of $1.35 million, compared to a loss of $699,100 during the same period in the previous year. The company did not generate any revenue in either period, reflecting its ongoing transition from a mobile software application developer to a focus on critical minerals supply chains. Operating expenses surged to $1.34 million, up from $675,185, primarily due to increased legal and professional fees associated with its new business model.

The company's balance sheet showed total assets of $118,975 as of February 28, 2025, a significant increase from $85,420 at the end of the previous fiscal year. However, total liabilities also rose sharply to $3.44 million from $2.62 million, driven by higher accounts payable and accrued expenses, which increased by $531,363. The stockholders' deficit widened to $3.32 million, up from $2.53 million, indicating ongoing financial challenges as the company invests in its new strategic direction.

M2i Global has made notable strategic moves, including the acquisition of U.S. Minerals and Metals Corp. in May 2023, which marked a shift in its operational focus. The company is now structured into three divisions: M2i Mining, Processing & Refining; M2i Scrap & Recycling; and M2i Government and Defense Industrial Base. Additionally, M2i entered into a strategic partnership with Komodo Capital and an exclusive offtake agreement with NTM Minerals Limited, which could provide access to significant copper resources valued at approximately $850 million.

Operationally, M2i Global's cash position decreased to $21,929 from $80,281, reflecting negative cash flow from operations of $322,225, an improvement from the previous year's $590,921. The company anticipates that revenues may begin to materialize in the upcoming quarters as it implements its new business model. However, management has indicated that substantial capital will be required to fund future operations, and there are no assurances of financial viability moving forward.

Looking ahead, M2i Global's management remains optimistic about the potential for revenue generation as it continues to develop its critical minerals supply chain. However, the company acknowledges the need for additional investment capital to support its operations and growth plans. The ongoing financial losses and increased operational expenses highlight the challenges M2i faces as it navigates this transition.