Volato Group has signed a definitive agreement to acquire M2i Global (OTC:MTWO), a move that pairs a U.S. private aviation operator with a company focused on building a supply chain for critical minerals.
Atlanta-based Volato, which trades on the NYSE American under the ticker SOAR, runs a fractional jet ownership and charter platform supported by proprietary scheduling and management software.
Reno-based M2i Global, listed on the OTCQB as MTWO, is developing what it calls a “turnkey ecosystem” for securing access to minerals seen as vital to U.S. energy and defense needs.
Alongside the deal, M2i said it has appointed Anthony Roger Moore to its advisory board. Moore has spent more than 55 years in international finance, working in capital markets, project finance, mergers and acquisitions, and alternative investments across more than 30 countries.
He has a long-standing focus on Africa, where he has been involved in mining and environmental projects.
“Anthony provides M2i with unique relationships and contacts all over the globe, as we bring access and supply of critical minerals and extraction processing back to America,” said Alberto Rosende, M2i’s chief executive.
Moore said he was impressed by M2i’s mission to secure alternatives to Chinese mineral supply and would use his global network “especially in Africa, to help the company deliver on its promise for critical mineral supply.”
In the update, the two companies said the transaction will be formally documented in a filing with the U.S. Securities and Exchange Commission, including a registration statement and proxy materials for Volato shareholders.
M2i is seeking to play a role in establishing a U.S. Strategic Mineral Reserve and has highlighted environmental initiatives such as reducing pollution from artisanal gold mining in Africa. Volato, meanwhile, continues to expand its aviation platforms, including its Mission Control scheduling system and Vaunt, a marketplace that connects travellers with available private flights.