• Mobix Labs expands National Security Matters platform.
• Winner Water's technology recovers rare earth elements from coal combustion residuals.
• The merger integrates Winner Water into the Mobix Labs/SPD defense-tech ecosystem.
• Construction of a demonstration facility began in August 2026.

This merger may indicate a growing focus on securing domestic critical minerals supply chains, which could strengthen US national security and industrial resiliency. The integration of Winner Water's technology suggests a competitive advantage in commercial-scale critical minerals production, which may set a precedent for future defense-tech collaborations.