Site prep at Northern Katpar backs final feasibility drilling for a tungsten project targeting 12,000 mtpa and 15% of current global mine output.

Skyline Builders Group Holding (Nasdaq: SKBL, future: KAZR) will change its Nasdaq ticker to KAZR effective June 17, 2026, ahead of its pending business combination with Cove Kaz Capital Group, a U.S.-backed critical minerals developer in Kazakhstan.The combined company is expected to operate as Kaz Resources and continue trading on Nasdaq as KAZR, with no shareholder action required for the ticker change. The merger is targeted to close before the end of 2026, subject to regulatory approvals and customary conditions.

Cove Kaz Capital Group, in partnership with Qazgeology, reported 2026 exploration progress at the Akbulak Rare Earth Project in Kazakhstan. The project has a historical resource of 380,000 tons of rare earth oxides. As of early June, 77 drill holes totaling about 3,700 meters are completed toward a planned 9,660 meters.The company also highlighted its pending merger with Skyline Builders Group Holding (Nasdaq: SKBL), expected to close in late 2026 or early 2027, creating Kaz Resources trading on Nasdaq as KAZR, subject to approvals.

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Skyline Builders Group Holding Ltd and Cove Kaz Capital Group LLC (ASPI) announced a transaction to combine into Kaz Resources Inc. (expected Nasdaq: KAZR) to develop Kazakhstan critical-minerals projects.Key facts: acquisition closed April 29, 2026; largest undeveloped tungsten resource of 1.4 million tonnes WO3; expected production 12,000 mtpa; EXIM and DFC issued LOIs totaling $1.6 billion; estimated development cost $1.1 billion.

Most proceeds come from $16.6M in convertible notes, with $600,000 in preferred shares. Closing is set for March 24, SEC filing to follow.

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Skyline Builders Group (NASDAQ: SKBL) entered a non-binding letter of intent dated November 12, 2025 to acquire SuperCritical Technologies, a U.S. company developing U.S. DOE–originated technology to extract uranium and other critical metals from seawater.SuperCritical holds an exclusive license to deploy the technology, which benefited from $20 million of DOE and NEUP research funding over 10 years, and the company says it expects to produce millions of pounds of uranium annually at costs competitive with land-based mines and to begin production this decade. The announcement highlights alignment with executive orders to boost domestic mineral and nuclear industrial capacity and cites the U.S. importing 99% of its uranium.