M2i Global and Volato Group Announce MOU with Nimy Resources for Access to Gallium from Western Australia

Greatly Enhances its Critical Minerals Supply Chain

Atlanta, GA and Reno, NV, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Volato Group, Inc. ("Volato") (NYSE:SOAR), a technology-driven company and M2i Global, Inc. ("M2i Global") (OTCQB:MTWO), a company specializing in the development and execution of a complete global value supply chain for critical minerals, today announced that Nimy Resources ("Nimy") and M2i will collaborate with the aim of forming commercially binding contract terms for the respective sale and purchase of gallium production.

Currently, the United States has no domestic production of primary gallium metal and relies on imports for 100% of its supply. A significant portion of these imports come from China, which has suspended its ban on exporting gallium to the U.S. until November 2026, but the materials remain subject to broader export controls that require shippers to obtain licenses from Beijing. As the United States works to develop its own domestic gallium production capacity, sourcing gallium from non-Chinese suppliers is critical to advance national security and supply chain resilience for the energy, defense, and semiconductor sectors.

The non-binding MOU outlines the mutual intent of Nimy and M2i to collaborate on the development and supply of gallium from the Mons Project in Western Australia, which hosts a near-term JORC (Australasian Joint Ore Reserves Committee) compliant gallium resource alongside other critical minerals, including rare earth elements. The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ('the JORC Code') is a professional code of practice that sets minimum standards for Public Reporting of minerals Exploration Results, Mineral Resources and Ore Reserves. The agreement is limited to the Mons Project and does not encompass other Nimy assets.

Nimy and M2i will commence due diligence and negotiations towards a binding offtake agreement, with a focus on finalizing commercial terms, including pricing, quantity, and delivery logistics. Nimy remains committed to advancing the Mons Project, including securing necessary permits and funding, to meet the timelines outlined in the MOU.

The agreement aligns with global demand for critical minerals, particularly gallium, which is vital for semiconductors, aerospace, and defense applications. By securing a potential pathway to the U.S. market, Nimy and M2i strengthen their position as a key players in the critical minerals supply chain.

M2i Global CEO Al Rosende, stated, "M2i Global is excited to partner with Nimy Resources to secure a reliable, high-quality source of gallium for the United States. This MOU underscores our commitment to building a robust critical minerals supply chain, and we are eager to support the development of the Mons Project through financing and strategic collaborations."

Nimy Resources Managing Director Luke Hampson, commented, "The signing of this MOU with M2i Global represents a pivotal moment for Nimy as we advance the Mons Project towards production. This partnership not only validates the quality of our pending gallium resource definition but also positions Nimy to play a critical role in supplying the U.S. market with this strategically important mineral. We look forward to collaborating with M2i to unlock the full potential of the Mons Project and deliver value to our shareholders."

Key Highlights:

Exclusive Offtake Discussions: M2i granted exclusive rights to negotiate the purchase of up to 100% of gallium-bearing concentrates from the Mons Project for delivery to the United States, subject to agreeing on commercial terms.

Strategic U.S. Market Focus: M2i will help Nimy approach U.S. entities as potential buyers, in alignment with U.S. critical minerals priorities.

Project Development Support: M2i to use its best endeavors to provide financing options and introductions to third parties, such as the Export-Import Bank of the United States (EXIM), to support Mons Project development.

Due Diligence Period: Six-month period (extendable) for M2i to conduct due diligence, with Nimy providing metallurgical data and personnel access.

Path to Binding Agreement: Parties to negotiate a formal offtake agreement within 12 months.

Life of Mine Exclusivity: Exclusivity for U.S. bound gallium sales to persist for the life of the Mons Project mine upon commencement of shipments.

About Nimy Resources Limited

Nimy Resources Limited is an emerging exploration company focused on critical minerals in Western Australia. Its flagship Mons Project hosts a portfolio of critical minerals, including gallium and rare earth elements, positioning Nimy to meet growing global demand for strategic resources.

About Volato Group, Inc. (NYSE:SOAR)

Volato Group, Inc. (NYSE:SOAR) is a technology company focused on building scalable software and data solutions that improve the reliability and intelligence of high-stakes business decisions. The company's Parslee Document Intelligence platform enhances the performance of leading large language models (LLMs) by adding deterministic structure and auditability to complex documents such as contracts and SEC filings. Through its pending acquisition of M2i Global, Volato is expanding into the critical minerals sector—leveraging its software expertise to bring greater transparency, traceability, and operational intelligence to supply chains essential for U.S. national security and advanced technologies. For more information visit: www.flyvolato.com

About M2i Global, Inc. (OTCQB:MTWO)

M2i Global, Inc., through its subsidiary U.S. Minerals and Metals Corp., provides engineering, research, and services that integrate people, technology, and solutions from across sectors to ensure access to critical minerals and metals for national defense and economic security. M2i Global aims to establish a Strategic Mineral Reserve in partnership with the U.S. Federal Government, creating a resilient supply chain that addresses the global shortage of essential minerals and metals.

For more information, please visit: www.m2i.global

Additional Information about the Proposed Transaction and Where to Find It

This communication relates to a potential transaction (the "Transaction") involving M2i Global and Volato. Volato expects to file the first amendment to its Form S-4 (the "Registration Statement"), which will include a preliminary proxy statement/prospectus and updated Current Report on Form 8-K with respect to the execution of the definitive agreement in the fourth quarter 2025. This communication is not a substitute for the Registration Statement, the definitive proxy statement/final prospectus or any other document that Volato or M2i Global has filed or will file with the SEC or send to its shareholders or investors in connection with the potential Transaction. This document does not contain all the information that should be considered concerning the potential Transaction and other matters and is not intended to form the basis for any investment decision or any other decision in respect of such matters.

BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, VOLATO'S SHAREHOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY AMENDMENTS THERETO AND ANY OTHER DOCUMENTS FILED BY VOLATO WITH THE SEC IN CONNECTION WITH THE POTENTIAL TRANSACTION OR INCORPORATED BY REFERENCE THEREIN IN THEIR ENTIRETY BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE POTENTIAL TRANSACTION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE POTENTIAL TRANSACTION AND THE PARTIES TO THE POTENTIAL TRANSACTION.

After the Registration Statement is declared effective, the definitive proxy statement will be mailed to shareholders of Volato as of a record date to be established for voting on the potential Transaction. Additionally, Volato will file other relevant materials with the SEC in connection with the potential Transaction. Copies of the Registration Statement, the definitive proxy statement/final prospectus and all other relevant materials for the potential Transaction filed or that will be filed with the SEC may be obtained, when available, free of charge at the SEC's website at www.sec.gov. Volato's shareholders may also obtain copies of the definitive proxy statement/prospectus, when available, without charge, by directing a request to Volato at 1954 Airport Road, Suite 124, Chamblee, GA 30341, or by telephone at (844) 399-8998.

Participants in the Solicitation of Proxies

Volato and M2i Global and certain of their respective directors and officers may be deemed participants in the solicitation of proxies from Volato's shareholders in connection with the proposed Transaction. Volato's shareholders and other interested persons may obtain, without charge, more detailed information regarding the names and interests in the proposed Transaction of Volato's directors and officers in Volato's filings with the SEC, including Volato's annual reports on Form 10-K and quarterly reports on Form 10-Q. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Volato's shareholders in connection with the Transaction and a description of their direct and indirect interests will be included in the definitive proxy statement/prospectus relating to the proposed Transaction when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation

This communication is for information purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the potential Transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. The potential Transaction is expected to be implemented solely pursuant to the legally binding definitive agreement which will be filed as an exhibit to a Current Report on Form 8-K by Volato, and which contains the material terms and conditions of the potential Transaction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

FORWARD-LOOKING STATEMENTS:

This press release contains certain statements that may be deemed to be forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of Volato and M2i Global, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. More detailed information about Volato and M2i Global and the risk factors that may affect the realization of forward-looking statements is set forth in the their filings with the Securities and Exchange Commission ("SEC"), including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at www.sec.gov.

All forward-looking statements speak only as of the date on which they are made. Volato and M2i Global undertake no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made, except to the extent required by applicable securities laws.

Media Contact:

Diego Rosende – [email protected]

Investor Contacts:

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