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Investing.com -- Volato Group Inc (NYSE:SOAR) stock climbed 2.8% on Thursday after the company announced it is developing the digital infrastructure for the U.S. Strategic Mineral Reserve (SMR) in collaboration with M2i Global, Inc. (OTCQB:MTWO).
Volato will leverage its enterprise-software expertise to build and operationalize the technology backbone that will support critical mineral traceability, contracting, and compliance across the United States and allied nations. This follows M2i’s earlier work on initiating the SMR framework and technical specifications.
The infrastructure will serve as the market-facing layer of the U.S. Strategic Mineral Reserve initiative, providing various stakeholders with a trusted environment for physical critical mineral transactions. Unlike traditional exchanges, the system will focus exclusively on physical materials, enabling direct contracting and other arrangements between qualified participants.
"This project represents the convergence of M2i’s critical-minerals strategy and Volato’s track record in building auditable, high-value operational systems," said Matt Liotta, Co-Founder and CEO of Volato. "Our team is now turning M2i’s blueprint into a working platform that brings transparency and accountability to one of the world’s most strategic supply chains."
The development follows the previously announced business combination between Volato and M2i Global, under which Volato will acquire 100% of M2i’s outstanding equity in an all-stock transaction. Upon closing, M2i shareholders are expected to own approximately 85% of the combined company and Volato shareholders approximately 15%.
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