IRVINE, Calif.--(BUSINESS WIRE)--Mobix Labs, Inc. (Nasdaq: MOBX) announced that it has signed a non-binding Letter of Intent to acquire Special Project Delivery LLC (SPD), a strategic infrastructure platform focused on developing sovereign U.S. supply chains for rare earth elements, critical minerals, and energy storage.
If completed, the acquisition would expand Mobix Labs’ capabilities beyond its current role as a supplier to advanced U.S. and allied defense and aerospace systems, positioning the company within one of the world’s most strategically critical industrial sectors.
Rare earth elements and critical minerals are essential components in modern defense and advanced technologies. Current estimates highlight their importance:
China continues to dominate large segments of global rare earth mining and refining, while alliances such as NATO, AUKUS, and Five Eyes have identified supply chain independence as a top geopolitical priority. Additionally, upcoming U.S. Department of Defense restrictions—expected to take effect in 2027—on certain Chinese-origin rare earth magnets are likely to further accelerate demand among allied nations.
According to James Peterson, Chairman of Mobix Labs and former CEO of Microsemi, the strategic importance of rare earth materials has intensified significantly in recent years.
He noted that defense and aerospace sectors have become increasingly dependent on limited and often insecure supply sources. He emphasized that SPD represents a timely and well-aligned platform, supported by federal initiatives, proven technologies, and a highly experienced leadership team—offering substantial long-term potential for Mobix Labs and its shareholders.
Founded in 2019, Special Project Delivery LLC has developed a U.S.-focused critical minerals and energy infrastructure platform aligned with major federal initiatives, including:
SPD focuses on extracting rare earth elements from underutilized domestic resources, such as legacy coal ash, using technologies validated through U.S. defense research collaborations. The company maintains alignment with the U.S. Departments of Energy and Defense, Lawrence Berkeley National Laboratory, major utility partners, and institutional investors.
The company is led by Co-Founder and CEO Paul Singarella, a former partner at Latham & Watkins with MIT training, and Co-Founder and CFO John Dewey, who has overseen more than $2 billion in infrastructure development projects.
Rare earth elements are indispensable across defense and advanced technology systems. They are essential for platforms such as:
Beyond defense, these materials are also critical for AI infrastructure, satellites, and next-generation energy systems. As a result, rare earths are increasingly viewed as foundational resources for the modern industrial and technological economy.
Allied nations—including the United States, United Kingdom, Australia, Canada, Japan, South Korea, and India—are actively working to establish independent, non-China supply chains for critical materials.
According to Paul Singarella, SPD was created to support domestic production of the materials and technologies essential for national sovereignty in the 21st century. A potential partnership with Mobix Labs would integrate SPD’s infrastructure platform with a publicly traded defense technology company already embedded within aerospace and defense ecosystems.
The Letter of Intent between Mobix Labs and SPD is non-binding and outlines a framework for due diligence and negotiation. There is no guarantee that a definitive agreement will be finalized or that the transaction will be completed.
Mobix Labs, Inc. is a defense and dual-use technology company headquartered in Irvine, California. It provides advanced components and wireless technologies for aerospace, defense, homeland security, and other high-reliability applications.
Special Project Delivery LLC is a privately held U.S.-based infrastructure development company operating across critical minerals, energy storage, and water infrastructure in the western United States. Founded in 2019, it is headquartered in Newport Beach, California.
This announcement contains forward-looking statements under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements include expectations related to the proposed acquisition, market opportunities, strategic benefits, and industry developments.
Such statements are subject to risks and uncertainties, including the ability to finalize agreements, complete the transaction, integrate operations, secure funding, and navigate regulatory, geopolitical, and market challenges. Actual results may differ materially from those projected.
Investors are advised to review Mobix Labs’ filings with the U.S. Securities and Exchange Commission, including its most recent Form 10-K and subsequent reports, for a detailed discussion of risk factors.
.jpeg)
