It looks like it is not supported on i.MX8MM (Mini):
root@imx8mm-icore:/unit_tests# ./memtool IOMUXC.SW_MUX_CTL_PAD_GPIO1_IO03.MUX_MODE
SOC: i.MX8MM
Unknown SOC
Running on BSP built on imx-5.15.71-2.2.0.xml manifest, kirkstone yocto version.
Also, from the memtool source code it looks that only the i.MX8MQ (Quad) is supported.
Thanks,
Matteo