Vivakor Inc. (NASDAQ:VIVK), an energy infrastructure company, and critical materials platform M2i Global Inc. (OTCQB:MTWO) reported Thursday that they signed a non-binding indication of interest to evaluate a potential business combination.
The proposed combination would span commodities trading, remediation and critical minerals while supporting the U.S. critical minerals supply chain.
30-Day Negotiation Period
The companies plan to negotiate for an initial 30-day period, focusing on valuation, transaction structure, management and board composition.
The IOI contemplates an equity-exchange acquisition of M2i by Vivakor, though alternative structures remain under consideration.
Combined Critical Minerals Platform
A potential combination would pair Vivakor’s commodities marketing and remediation operations with M2i’s critical minerals platform.
M2i’s platform includes a federally sited critical mineral repository initiative, multi-commodity processing capabilities and commercial offtake relationships.
It also includes compliance and traceability systems supporting U.S. defense and critical mineral supply chains.
Following the initial negotiation period, the companies may enter into a more detailed letter of intent, extend discussions or discontinue talks.
Any transaction would remain subject to due diligence, definitive agreements, applicable approvals and customary closing conditions.
Executive Commentary
Vivakor Chairman, President and CEO James Ballengee said, "Our team has been closely following M2i since 2025, and we believe there are compelling strategic synergies between our organizations."
"Critical minerals represent a natural extension of the platform we are building," Ballengee added. "We believe combining our capabilities could create meaningful opportunities across commodities marketing, resource recovery and critical minerals while positioning the combined platform to participate in the continued development of a more secure domestic supply chain."
Vivakor Expands Crude Oil Trading
Recently, Vivakor said its subsidiary VST secured new 12-month crude oil transactions covering 200,000 barrels of WTI per month, or about 2.4 million barrels annually.
The deals are scheduled to run from September 1, 2026, through August 31, 2027, as Vivakor continues expanding its physical crude oil marketing activities.
VIVK Stock Price Activity: Vivakor shares were down 2.63% at $1.295 during premarket trading on Thursday, according to Benzinga Pro data.
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