Skyline Builders and Cove Kaz Agree Merger to Form Kaz Resources, Backed by Major U.S. Critical Minerals Push

Skyline Builders Group Holding Ltd. Class A ( (SKBL) ) has issued an announcement.

On April 30, 2026, Skyline Builders Group Holding Ltd. and Cove Kaz Capital Group LLC announced a merger agreement that will create Kaz Resources Inc., a Nasdaq-traded supplier of tungsten, rare earths and other critical minerals to the United States. The deal includes the acquisition of Kaz Critical Minerals LLP, which holds 15 critical mineral licenses in Kazakhstan, and follows Cove Kaz’s April 29, 2026 closing of a 70% stake in Severniy Katpar LLP, owner of the world’s largest known undeveloped tungsten resource.

The combined business is anchored by the Northern Katpar and Upper Kairakty projects in Kazakhstan’s Karaganda district, which feasibility studies suggest could supply about 12,000 metric tonnes of tungsten annually, roughly 15% of current global output. Supported by indicative financing interest of up to $1.6 billion from U.S. development finance institutions, the transaction is expected to close in late 2026 or early 2027, positioning Kaz Resources as a key long-term supplier in U.S. critical mineral supply chains and deepening U.S.–Kazakhstan resource ties.

More about Skyline Builders Group Holding Ltd. Class A

Skyline Builders Group Holding Ltd. is a Nasdaq-listed company that has shifted its strategic focus toward supplying critical minerals to the U.S. defense and industrial base. Through its planned combination with Kazakhstan-focused miner Cove Kaz Capital Group, it is entering upstream and downstream mining, extraction, and processing of tungsten, rare earths, lithium, and other strategic minerals, primarily sourced from Kazakhstan.

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Technical Sentiment Signal: Buy

Current Market Cap: $122.1M

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