Mobix Labs Signs Letter of Intent to Acquire Special Project Delivery

Mobix Labs signed a non-binding Letter of Intent to acquire Special Project Delivery, a strategic infrastructure platform building sovereign U.S. supply chains for rare earth elements, critical minerals, and energy storage. The company said, " The proposed acquisition would expand Mobix Labs - already a supplier to advanced U.S. and allied defense and aerospace systems - directly into one of the world's most strategically important industrial sectors. Key Facts at a Glance: ~418 kilograms of rare earth materials are estimated to be used in each F-35 Lightning II. ~4,500 kilograms of rare earth materials are estimated to be used in each Virginia-class nuclear submarine. Tens of billions of dollars are already being deployed globally toward strategic critical-minerals infrastructure, with potential to reach hundreds of billions over the coming decade. China dominates significant portions of global rare earth mining and refining, according to widely cited industry and government sources. NATO, AUKUS, and Five Eyes nations have publicly identified rare earth independence as a defining geopolitical priority of the coming decade. Beginning in 2027, new U.S. Department of Defense restrictions on certain Chinese-origin rare earth magnet materials are expected to accelerate allied demand." The Letter of Intent with SPD is non-binding and establishes a framework for due diligence and negotiation of definitive agreements. No assurance can be given that a definitive agreement will be executed or that the proposed transaction will be completed.