What changed in this filing

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Item 2. Management’s Discussion and Analysis

2024-10-22 compared with 2024-07-11 · 47 added, 27 removed, 74 unchanged (50% of the section changed)

34 unchanged sentences

Defense Stockpile.

June 30, 2024, the Company and Komodo Capital (“Komodo”), a company specializing in the development and execution of a complete

global value supply chain for critical minerals for the U.S.

government and U.S.

free trade partners, entered into a strategic partnership

(the “Strategic Partnership”), in order for Komodo to use its relationships to provide the Company with access to various

critical minerals, with an ultimate goal of suppling the U.S.

government and U.S.

free trade partners with these critical minerals.

Capital also offers comprehensive advisory services.

The Company issued 8,000,000 shares of common stock as part of this agreement.

June 30, 2024, the Company and NTM Minerals Limited (“NTM”), a company specializing in the development and execution of a

complete global value supply chain for critical minerals for the U.S.

government and U.S.

free trade partners, entered into an exclusive

offtake agreement (the “Offtake Agreement”), in which NTM will provide for 88,000 tonnes of copper, currently valued at approximately

$850 million.

The Company is granted offtake rights for a maximum of 88,000 tonnes of copper that is sourced from the Redbank tenements

in return for 12 million shares of the Company’s common stock.

NTM shall receive additional payments for incremental resource increases

or upgrades from the Redbank tenements.

M2i retains the option to participate in production pre-funding opportunities.

Issued Accounting Pronouncements

the period ended May 31, 2024, and through the filing of this report, there were several new accounting pronouncements issued by the

the period ended August 31, 2024, and through the filing of this report, there were several new accounting pronouncements issued by the

Financial Accounting Standards Board (“FASB”).

8 unchanged sentences

and Capital Resources

May 31, 2024, the Company had a cash balance of $72,508, as compared to a cash balance of $48,197 at November 30, 2023.

incurred negative cash flow from operations of $783,994 for the period ended May 31, 2024, as compared to negative cash flow from

August 31, 2024, the Company had a cash balance of $28,213, as compared to a cash balance of $48,197 at November 30, 2023.

incurred negative cash flow from operations of $1,400,469 for the period ended August 31, 2024, as compared to negative cash flow from

operations of $954,702 in the comparable prior year period.

The increase in negative cash flows from operations was primarily from

an increase in net loss and increase in accounts payable and accrued expenses.

Cash flows from financing activities during the

period ended May 31, 2024, totaled $808,305, as compared to cash flows from financing activities in the comparable prior year

The increase in cash provided by financing activities is primarily the result of $772,935 in proceeds from the sale of

shares of common stock.

Going forward, the Company expects capital expenditures to increase significantly as operations are expanded

pursuant to its current growth plans.

The Company anticipates the requirement to raise significant debt or equity capital in order

to fund future operations.

The increase in negative cash flows from operations was primarily from an

increase in net loss.

Cash flows from financing activities during the period ended August 31, 2024, totalled $1,380,485, as compared to

cash flows from financing activities in the comparable prior year period of $999,501.

The increase in cash provided by financing activities

is primarily the result of $1,775,985 in proceeds from the sale of shares of common stock.

Going forward, the Company expects capital

expenditures to increase significantly as operations are expanded pursuant to its current growth plans.

The Company anticipates the requirement

to raise significant debt or equity capital in order to fund future operations.

of Operations

of the Three and Six Months Ended May 31, 2024 and May 31, 2023

the comparable three months ended May 31, 2024 and May 31, 2023, the Company’s revenues totaled $0.

For the six months ended

May 31, 2024 and May 31, 2023, the Company’s revenues totaled $0 and $3,400, respectively.

of the Three and Nine Months Ended August 31, 2024 and August 31, 2023

the comparable three months ended August 31, 2024 and August 31, 2023, the Company’s revenues totalled $0.

For the nine months ended

August 31, 2024 and August 31, 2023, the Company’s revenues totalled $0 and $3,400, respectively.

We anticipate the Company’s

revenues in upcoming quarters may increase significantly as management attempts to implement the Company’s new business

the three months ended May 31, 2024, our operating expenses increased to $1,348,812 compared to $539,140 for the comparable period in

The increase of $809,672 was primarily driven by travel and professional fees for consultants to implement the shift in strategic

focus and preparations for increased operations.

For the six months ended May 31, 2024, our operating expenses increased to $2,023,997

compared to $570,531 for the comparable period in 2023.

The increase of $1,453,466 was primarily driven by travel and professional fees

for consultants to implement the shift in strategic focus and preparations for increased operations.

We anticipate future operating expenses

to increase with the expansion of operations, resulting in increased expenses related to compensation and professional fees.

revenues in upcoming quarters may increase significantly as management attempts to implement the Company’s new business model.

the three months ended August 31, 2024, our operating expenses decreased to $716,546 compared to $1,446,398 for the comparable period

The decrease of $729,852 was primarily reductions in travel and professional fees.

For the nine months ended August 31, 2024,

our operating expenses increased to $2,740,543 compared to $2,016,929 for the comparable period in 2023.

The increase of $723,614 was

primarily driven by travel and professional fees for consultants to implement the shift in strategic focus and preparations for increased

We anticipate future operating expenses to increase with the expansion of operations, resulting in increased expenses related

to compensation and professional fees.

Balance Sheet Arrangements

24 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 2. Management’s Discussion and Analysis