M2i Global Inc (OTC:MTWO) CEO Alberto Rosende talked with Proactive about a major development in the critical minerals space, specifically the company’s move to secure gallium supply for the US market.
Rosende discussed the newly signed Memorandum of Understanding (MOU) with Nimy Resources, a company with gallium resources based in Western Australia.
He explained that gallium is crucial for high-efficiency semiconductors used in data centres and advanced electronics. Gallium is typically a byproduct of other mineral processes and is difficult to access in large volumes. However, the collaboration with Nimy Resources opens up a new supply avenue with a high-quality resource.
Rosende also highlighted M2i Global's focus on securing additional sources to establish a reliable critical minerals supply chain within the US, along with efforts to address the gap in midstream processing capabilities.
The recent geological results from Nimy, received earlier this month, were a key factor in strengthening the relationship between the companies and advancing toward a future offtake agreement.
Proactive: All right, welcome back inside our Proactive newsroom. And joining me now is Alberto Rosende. He is the CEO of M2i Global. Alberto, good to see you again. How are you?
Alberto Rosende: Excellent. Thank you. Doing well, staying busy. And you?
Good. Doing well also, and staying busy. Especially reading the news that you had out. Let’s talk about the MOU you've signed with a company called Nimy Resources. This is all around gallium. So let's start there first — gallium. Tell people about it and why it's so significant.
Gallium is a significant mineral. It's used in high-efficiency semiconductors. It's an advanced material, and those are the semiconductors that we need now. They're in great demand as data centers grow and in many different applications. They’re much more efficient in managing and delivering power — much more stable. So everything being developed now requires that extra efficiency and the ability to manage power and transactions within the microcircuit. It's very, very significant.
China has been a big supplier of gallium. You've done this deal with Nimy Resources — tell me a bit about them and how this is going to work.
Nimy Resources has several projects they’re developing. They’ve done great work in finding and exploiting this particular gallium resource. It’s very high quality. Normally, gallium is produced as a byproduct of other mineral processing — typically bauxite into aluminium or sphalerite into zinc. So it's normally quite costly and inefficient to produce large volumes. The market itself is rather small because of the restrictions and difficulty obtaining gallium. But with this find and this resource, it gives us a great avenue to bring a lot of gallium to the market here in the States.
It’s all based in Western Australia at the Nimy Project. How far along are they — are they producing already, or is that still to come?
That’s still to come. They’re waiting on their final geological analysis, which they received earlier this month. That was what led us to tighten up our relationship. We had signed a collaboration agreement back in February this year. But the recent results really underscored the opportunity, and we’re now looking to focus on finalising an offtake agreement. We’re very excited about the work they’ve done and the outcome of their geological assessments.
Last question — how happy are you with the amount of work the company has done to acquire these minerals? It seems like this is a key part of why the company exists. Are you happy with the progress?
Absolutely. We’ve got a lot of work ongoing to secure additional sources, so we can build out the critical mineral supply chain we need in the United States. We need to acquire sources and guarantee offtake agreements for the future. We've spent a lot of time seeking the right partners with the right resources. One major gap in the US is midstream processing. The partners we’re working with now are committed to developing those projects here to ensure offtake and return on investment.
Quotes have been lightly edited for style and clarity