Skyline Builders Group Holding Limited and Cove Kaz Capital Group LLC Announce Business Combination

Skyline Builders Group Holding Limited and Cove Kaz Capital Group LLC have announced a business combination agreement, under which the combined company will be named Kaz Resources Inc. and will trade on Nasdaq under the ticker symbol "KAZR". This transaction involves the acquisition of the largest known undeveloped tungsten resource globally, located in Kazakhstan. The Export-Import Bank of the United States (EXIM) has issued a Letter of Interest for up to $900 million in financing, and the U.S. International Development Finance Corporation (DFC) has issued a Letter of Interest for up to $700 million. Kaz Resources Inc. is intended to supply tungsten, rare earths, and other critical minerals to the United States. The combined company will also possess other projects in Kazakhstan, including rare earth and lithium concessions. The transaction is expected to close in the fourth quarter of 2026 or early 2027, subject to closing conditions including shareholder and regulatory approvals.