Helix Build
Une plateforme industrielle de magnésium intégrée verticalement, au service de la sécurité des chaînes d’approvisionnement américaines.
DéveloppementUtah · États-Unis (implantation indicative)Minéraux critiques · Magnésium
- Investissement total
- $500M
- Revenus projetés
- ≈ $1.2B
- Emplois directs et soutenus
- 10,000–12,000
Investment and employment figures are sponsor-stated project plans; revenue is a modelled projection. Figures are not audited.
Aperçu et thèse de marché
Magnesium is a designated critical material — the lightest structural metal, essential to automotive lightweighting, aerospace, defense alloys, and as a reducing agent in titanium and rare-earth production. Global demand is estimated near 20.8 million tons in 2026, with the metal market projected to nearly double by 2033, yet U.S. primary capacity has contracted to a single producer serving a fraction of demand.
The supply risk is acute and concentrated. China produces roughly 85% of the world’s magnesium and has repeatedly used export licensing as leverage, alongside restrictions on gallium, germanium, and antimony. For U.S. automakers, defense primes, and aerospace OEMs, a licensable single-country dependency on a structural input is exactly the vulnerability current industrial policy is designed to eliminate.
There is currently no fully integrated U.S. magnesium platform spanning feedstock through qualification-grade finished product. Qualification cycles are long and sticky — once a producer is designed into an alloy or a defense specification, that relationship endures for years. First movers who control feedstock and reach qualification will set domestic pricing and capture multi-year OEM and Department of Defense contracts.
The tailwinds are aligned: Defense Production Act Title III support for domestic magnesium has been greenlit, domestic-content and friend-shoring rules are tightening across autos and defense, and strategic-stockpile interest is returning. The platform is built vertically — feedstock control, primary production and alloying, downstream manufacturing, and integrated logistics — to capture that policy-created margin end to end.
Thèse d’investissement, risques et politiques
- Magnesium is a designated critical material; China supplies ~85%
- No fully integrated U.S. magnesium platform exists today
- Defense Production Act Title III support greenlit
- Sticky, multi-year OEM and Department of Defense qualification contracts
- Qualification timelineEarly engagement with OEM and DoD qualification programs
- Capital intensityDPA Title III support and phased build reduce equity exposure
- Chinese price suppressionDomestic-content rules and strategic-stockpile demand support pricing
- Feedstock and energyFeedstock control and a deliberate site power strategy
- Defense Production Act Title IIIDirect support for domestic critical-material capacity
- §45X Advanced Manufacturing Production CreditPer-unit credit for critical-mineral production
- DOE Critical Materials programsGrants and loan authority for supply-chain resilience
Program eligibility, availability, and terms vary by siting and are subject to confirmation with the responsible authority.
No integrated U.S. magnesium platform exists precisely because private capital alone cannot bridge the qualification and capital hurdles against subsidized foreign supply; Title III and local support are decisive.
- Advanced-manufacturing jobs with apprenticeship pathways
- Local supplier and construction spend
- Defense and OEM workforce development
- 1Introductory call and mutual NDA.
- 2Access to the full data room, model, and feasibility materials.
- 3Structured term discussion — milestones, clawbacks, and community-benefit terms built in.
Plan opérationnel et déploiement du capital
Operational Plan
Indicative programme · 2026–2027Capital Plan
Indicative allocation · pending feasibilityFinances, impact et rendements
Illustrative modelHeadline figures (investment, revenue, jobs) are real. Economic-impact, credit, and valuation metrics below are derived from those figures using research-informed assumptions and are planning illustrations, not guarantees. Methodology draws on the sources listed at the foot of this briefing.
Economic & fiscal impact
Capital structure & credit
Valuation & returns
- Strategic acquisition50%8× EBITDA
- IPO30%2.5× revenue
- Secondary sale20%7× EBITDA
Revenue ramp to stabilization
Illustrative ramp from commissioning to stabilized annual revenue of ≈ $1.2B. Actual profile depends on construction, offtake, and market conditions.
Against the platform portfolio
- Helix Build$500M
- Aurofirm$400M
- Terraform America$375M
- The Saint Plaza$350M
- Aurela Village$300M
- Circuit Talos$250M
- Nereus Aquaculture$100M
Total investment across the seven platforms — this platform highlighted.
Sources & references
- USGS — Magnesium commodity summary
- U.S. DOE — Critical Materials
- U.S. Bureau of Labor Statistics — QCEW (wages & employment)
- U.S. Census Bureau — County Business Patterns
- IMPLAN — economic impact methodology
External links open third-party sites provided for reference only; inclusion implies no endorsement. Figures should be verified against primary sources and confirmed by feasibility study.
Illustrative modelSources & uses, sensitivity, and comparable multiples are derived from the base-case assumptions and sector benchmarks for demonstration; they are not guarantees and are subject to diligence and feasibility.
| Metric | Downside | Base | Upside |
|---|---|---|---|
| Levered IRR | 13% | 20% | 25% |
| MOIC | 2.1× | 2.7× | 3.2× |
| Min DSCR | 1.30× | 1.50× | 1.75× |
Downside / upside bracket the base case for demonstration; actual ranges depend on price, offtake, cost, and schedule.
- Specialty metals & alloys7–10× EV/EBITDA
- Critical-minerals producers8–11× EV/EBITDA
- This platform — modeled8× EV/EBITDA
Sector ranges are illustrative reference benchmarks, not specific transactions.