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U.S. Based Rare Earth Company Winner Water to Join SPD and Mobix Labs (Nasdaq: $MOBX) National Security Matters Initiative Federal awards totaling $53 million have propelled Winner’s technology from laboratory chemistry to a demonstration plant under construction NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Special Project Delivery, Inc. (“SPD”) today announced it has entered into a definitive Business Combination Agreement, dated September 30, 2026, with Winner Water Services Inc. (“Winner”), a revenue-generating U.S. rare earth company, under which Winner will join the National Security Matters (NSM) platform SPD is assembling with Mobix Labs, Inc. (Nasdaq: MOBX). SPD is itself party to a definitive agreement with Mobix Labs, announced August 13, 2026, to combine the two companies as part of Mobix Labs’ NSM initiative, which focuses on U.S. national security priorities across defense and aerospace electronics, advanced RF sensing subsystems, rare earth elements and critical minerals, and energy and critical infrastructure. Winner is the first operating company to join that platform through SPD. Winner is a Sharon, Pennsylvania-based company formed in 2013 as a joint venture with a leading national research institute. It has developed and demonstrated a proprietary metallurgical process that recovers rare earth elements, scandium, and alumina from coal ash impoundments — a domestic stockpile that has already been mined, is readily accessible, and has first mover advantage over any new source of domestic REE. Winner does not need to wait for permits, or open a new mine, to produce critical minerals. The transaction is expected to close in connection with SPD’s combination with Mobix Labs, subject to approval by the stockholders of Winner and Mobix Labs, effectiveness of a registration statement covering the shares to be issued, applicable Nasdaq listing requirements, and other customary conditions. Read full release:

Do consider: some humans 40,000 years ago could paint better than you do (see Altamira bisons below). And the basics of civilization -- agriculture, domestication, writing, complex stone architecture, metallurgy (gold) were independently reinvented among populations that were completely isolated from each other for >20,000 years