Iniciativas ativasProjeto 04Desenvolvimento

Helix Build

Uma plataforma industrial de magnésio verticalmente integrada para a segurança das cadeias de suprimentos americanas.

DesenvolvimentoUtah · EUA (localização indicativa)Minerais críticos · Magnésio

Investimento total
$500M
Receita projetada
≈ $1.2B
Empregos diretos e apoiados
10,000–12,000

Investment and employment figures are sponsor-stated project plans; revenue is a modelled projection. Figures are not audited.

Visão geral e tese de mercado

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.

Tese de investimento, risco e políticas

Investment highlights
  • 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
Risk & mitigants
  • 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
Incentive & policy alignment
  • 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.

Additionality — the but-for case

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.

Community & local benefit
  • Advanced-manufacturing jobs with apprenticeship pathways
  • Local supplier and construction spend
  • Defense and OEM workforce development
How to engage
  1. 1Introductory call and mutual NDA.
  2. 2Access to the full data room, model, and feasibility materials.
  3. 3Structured term discussion — milestones, clawbacks, and community-benefit terms built in.
Contact the Helix Build deal team →

Plano operacional e alocação de capital

Operational Plan

Indicative programme · 20262027
Activity
20262027
123456789101112123456789101112
01Feedstock Control
02Primary Production & Alloying
03Downstream Manufacturing
04Integrated Logistics
05Finished Product Delivery

Capital Plan

Indicative allocation · pending feasibility
$500M
Total Investment
≈ $1.2B
Projected Annual Revenue
2.4×
Revenue Multiple on Capital
Site, Land & Construction38%$190M
Plant, Equipment & Process30%$150M
Engineering & Development12%$60M
Working Capital & Commissioning11%$55M
Contingency & Financing9%$45M
Total capital plan$500M

Finanças, impacto e retornos

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.

$360MEBITDAillustrative
30%EBITDA marginillustrative
$2.88BEnterprise valueillustrative
1.50×Min DSCRillustrative
20%Levered IRRillustrative
2.7×MOICillustrative
For economic-development offices

Economic & fiscal impact

Jobs decomposition
5,000 direct6,000 supported2.2× employment multiplier
Average wage vs. U.S. average
$80K / yr121% of U.S. average · verify vs. county average at siting
$25MEst. annual tax revenueproperty + income + sales
$45KCapital per job
1,500Construction job-years
121%Wage vs. U.S. average
For lenders & bond buyers

Capital structure & credit

Sources of capital
$325M debt$175M equity65% loan-to-cost
Debt-service coverage (DSCR)
1.50× minimum1.30× covenant · scale 1.0–2.0×
AaShadow ratingillustrative
60%Revenue contracted / offtake
6 moDebt-service reserve
ModerateRisk tier
For investors & bankers

Valuation & returns

$360MEBITDA (30% margin)
×
8×EV / EBITDA
=
$2.88BEnterprise value
20%Levered IRRillustrative
2.7×MOICillustrative
$19MEst. gross fee pool
EV / EBITDA
Exit routes (probability-weighted)
  • Strategic acquisition50%8× EBITDA
  • IPO30%2.5× revenue
  • Secondary sale20%7× EBITDA
Projection · illustrative

Revenue ramp to stabilization

Illustrative ramp from commissioning to stabilized annual revenue of ≈ $1.2B. Actual profile depends on construction, offtake, and market conditions.

Portfolio context

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.

Research

Sources & references

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.

Sources & uses of capital
Sources
Senior project debt65% loan-to-cost$325M
Sponsor & co-invest equity35% of capitalization$175M
Total sources$500M
Uses
Site, Land & Construction38%$190M
Plant, Equipment & Process30%$150M
Engineering & Development12%$60M
Working Capital & Commissioning11%$55M
Contingency & Financing9%$45M
Total uses$500M
Return sensitivity
MetricDownsideBaseUpside
Levered IRR13%20%25%
MOIC2.1×2.7×3.2×
Min DSCR1.30×1.50×1.75×

Downside / upside bracket the base case for demonstration; actual ranges depend on price, offtake, cost, and schedule.

Comparable multiples
  • 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.

Sala de documentação

Confidential Investment BriefPDF · 2.4 MB · Jul 1, 2026Registre-se para acessar
Financial Model & Capital PlanXLSX · 1.1 MB · Jun 24, 2026Registre-se para acessar
Market & Policy AnalysisPDF · 3.6 MB · Jun 18, 2026Registre-se para acessar
Helix Build — Minerais críticos · Magnésio — Applied America