10:09 AM EDT, 05/14/2026 (MT Newswires) -- Mobix Labs (MOBX) said Thursday it has signed a non-binding letter of intent to buy Special Project Delivery, which is developing US supply chains for rare earth and critical minerals.

The letter of intent sets a framework for due diligence and negotiation of definitive terms, Mobix said, adding there is no assurance the deal will be completed.

Mobix shares were up 90% in Thursday morning trading.

Price: 3.36, Change: +1.62, Percent Change: +93.16

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