M Evo Global Acquisition Corp is a SPAC that raised approximately $230M in its IPO, held in trust, with the sole purpose of identifying and merging with a private company in the critical minerals sector. M Evo targets businesses involved in the exploration, processing, production, or domestic refining and recycling of minerals deemed essential to U.S. national security — including lithium, cobalt, nickel, copper, graphite, rare earth elements, and uranium. M Evo prefers targets that are near production or in expansion stages and located in U.S.-aligned jurisdictions such as the U.S., Canada, and Australia. M Evo has up to 24 months from its IPO closing to complete a merger; if it fails to do so, it returns trust funds to shareholders at approximately $10.00 per share. The management team includes former U.S. Department of Energy official Ashley Zumwalt-Forbes as COO, and is led by CEO Stephen Silver, a capital markets and natural resources veteran. M Evo's investment thesis is built around what management views as a structural U.S. supply chain vulnerability in critical minerals, and the policy tailwinds created by the Inflation Reduction Act and Defense Production Act. Notably, the same leadership team simultaneously runs a parallel SPAC, M Evo Global Acquisition Corp II, which completed a $300M IPO in early 2026 — creating potential conflicts of interest as both vehicles compete for the same pool of acquisition targets.