M2i Global, Inc. ("M2i," the "Company," "we," "our" or "us") (OTCQB:MTWO), a company specializing in the development and execution of a complete global value supply chain for critical minerals, under Definitive Agreement to merge with Volato Group, Inc. ("Volato") (NYSE:SOAR), a technology-driven company, is pleased to provide the following price update to its previously announced agreement for 88,000 tons of copper sourced from Australia.

The 88,000 tons of copper is now valued at $1.172 billion, based on today's price of $13,320 per ton of copper, an increase of over 24% since the agreement was disclosed in July 2024 at $945 million.

In addition, M2i Global is in due diligence on a number of domestic deposits and is looking to expand its portfolio of projects.

Prices on the London Metal Exchange climbed as high as $13,320 a ton Tuesday — within striking distance of the all-time high of $14,527 set in January. The move comes despite a fragile geopolitical backdrop, as the ongoing Iran conflict continues to cloud the global growth outlook. Copper is up roughly 10% year-to-date, a run that few predicted given the macro headwinds that dominated early 2026.

The rally is being driven by a confluence of factors that show no signs of reversing. Chinese industrial demand has rebounded meaningfully after a sluggish start to the year, tightening physical supply pipelines. At the same time, Middle Eastern conflict has squeezed sulfur supplies — a key input in certain copper production processes — adding an upstream constraint that is putting additional pressure on an already tight market.

Analysts are taking notice. A mining analyst at Scotiabank now projects the global copper market will run a deficit of 350,000 tons by 2027, a dramatic revision from a roughly balanced market forecast just two months ago. J.P. Morgan has a similar view, projecting a refined copper shortfall of approximately 330,000 metric tons in 2026. Goldman Sachs has labeled copper a core target of what it calls the AI and electrification supercycle — and the numbers support that framing. Each electric vehicle requires four to five times the copper of a traditional internal-combustion vehicle, and hyperscale AI data centers are adding millions of tonnes of incremental demand to forecasts through 2030.

M2i & Volato Merger

In the second quarter of 2025, M2i Global and Volato announced a proposed merger designed to create a scalable platform positioned for long-term growth in critical infrastructure markets. In May 2026, both M2i Global and Volato shareholders approved the merger. M2i Global brings a platform focused on critical minerals and national supply chain resilience, while Volato contributes proven aviation technology, software capability, and an established track record of operational execution in complex regulated environments. Together, the combined company is positioned to participate in the U.S. critical minerals market —an opportunity estimated to exceed $320 billion annually—as domestic sourcing, logistics, and execution capabilities become increasingly strategic priorities.