Mobix Labs Signs LOI to Buy SPD, Expanding Into Critical Minerals

The preliminary deal signals a push into U.S.-controlled rare earth and battery supply lines viewed as vital to defense.

Overview

Mobix Labs said it signed a non-binding letter of intent to buy Special Project Delivery, which builds U.S. supply chains for rare earths, critical minerals, and energy storage.
The announcement sent MOBX shares up as much as 81% in intraday trading, CoinCentral reported.
SPD works on domestic sources of rare earths and other key inputs, including extracting materials from legacy coal ash, according to CoinCentral.
The move would broaden Mobix from supplying components for jets, missiles, submarines, and satellites into upstream materials used in defense, aerospace, and AI systems.
Mobix noted the LOI sets a framework for due diligence and talks and said there is no assurance a final agreement or closing will occur.