I'll write $\to$ instead of $\supset$, and $\bot$ instead of false, below. Since Law of Excluded Middle is given, I'll argue using classical propositional logic.
Since $M\to\bigcirc M$ is already given as Axiom $\bigcirc$R, let's prove $$\bigcirc M\to M.$$ We are given $$\neg\bigcirc\bot.\tag{*}$$ We need to showFirst, by Axiom $\bigcirc R$, $$\neg M\to\neg\bigcirc M,$$$$\neg M\wedge\bigcirc M\to\bigcirc \neg M\wedge\bigcirc M.$$ in other wordsTherefore by $\bigcirc S$, $$A\to\neg\bigcirc\neg A.$$$$\neg M\wedge\bigcirc M\to\bigcirc (\neg M\wedge M)$$ So it suffices to showTherefore by definition of $\bot$, $$A\wedge\bigcirc\neg A\to\bot$$$$\neg M\wedge\bigcirc M\to\bigcirc\bot$$ so byBy (*) it suffices to obtain, $$A\wedge\bigcirc\neg A\to \bigcirc\bot.$$$$\neg(\neg M\wedge\bigcirc M)$$ But we have by Axiom $\bigcirc R$By de Morgan and Axiom $\bigcirc S$law of excluded middle, $$A\wedge\bigcirc\neg A\implies \bigcirc A\wedge\bigcirc\neg A\implies\bigcirc (A\wedge\neg A)\iff \bigcirc\bot$$$$M\vee \neg\bigcirc M$$ so we're done.So, $$\bigcirc M\to M$$
Note that Axiom $\bigcirc M$ was not needed.