NT Minerals Limited has entered into an exclusive agreement with M2i Global Inc., granting M2i the right to purchase up to 88,000 tonnes of copper from NT Minerals’ future production. As part of this agreement, NT Minerals will receive consideration in the form of M2i shares valued at US$6,000,000.
M2i Global, known for securing supply chains and providing access to critical minerals for the U.S. national defense industry, will bring its technology, partnerships, processing, and sustainability solutions into the collaboration.
The agreement also includes an option for M2i to extend its purchase rights to include critical minerals. Additionally, exploration areas have been identified and funded for the 2024 field season, which will support NT Minerals’ targeted exploration and drilling activities.
NT Minerals aims to unlock the inherent value of its extensive project portfolio, creating a pathway for value creation for its shareholders. This initiative is part of NT Minerals’ strategy to monetize its existing resource base, particularly the copper reserves within the Redbank tenements, with additional payments to be agreed upon for any resource increases or upgrades.