Nimy Resources and M2i Global join forces to support US gallium supply chain
Nimy Resources (ASX: NIM) has opened up a pathway for the supply of high-value gallium to the US government’s defence sector from its projects in Australia.
The company has executed a strategic, non-binding collaboration agreement with US global critical minerals supply chain firm M2i Global Inc. that has the ultimate aim of supporting the US Department of Defense (DoD).
M2i is a US-listed company that specialises in the development and execution of a complete global value supply chain for critical minerals for the purposes of US national defence, economic security and free trade partners.
Large gallium footprint
The company’s exploration at the Mons Belt in Western Australia has already outlined substantial gallium mineralisation, with strong assay results from the Block 3 East prospect.
Ongoing soil sampling and drilling have defined a large gallium-mineralised footprint that will underpin Nimy’s goal of defining a maiden JORC-compliant mineral resource in the first quarter of 2025.
Working with Nimy, M2i Global’s objective is to provide a sustainable supply of gallium to the defence industrial base in support of the DoD.
Sustainable source
Through its Manufacturing Capability Expansion and Investment Prioritisation Office, the DoD is aiming to secure a reliable, sustainable supply of gallium materials that can be used in support of the US government.
This includes the production of semiconductors, radar and aerospace technologies.
The agreement establishes the framework for Nimy and M2i to work together to promote and leverage each other’s strategic interests in relation to the rapid development of projects to supply gallium to the DoD.
Integrated supply chain
“Nimy’s strategy of developing a diversified, integrated gallium supply chain continues to gain momentum and the agreement with M2i Global is a continuation of this progress,” Nimy chair Neil Warburton said.
M2i executive chair Doug Cole said his company’s core mission is to fortify the USA’s critical material supply by providing secure and reliable access to key resources and was looking forward to Nimy’s involvement moving forward.
The global gallium market size was estimated at around $41 million in 2023 and is projected to grow at a compound annual rate of 7.0% between 2024 and 2030.