-Skyline Builders Group Holding Limited ("Skyline" or "SKBL") (NASDAQ:SKBL) and Cove Kaz Capital Group LLC ("Cove Kaz"), a privately-held geological exploration and mining company with operations in Kazakhstan, today announced the companies entered into a Transaction Agreement (the "Transaction Agreement") to effect a business combination. Upon completion of the business combination, the combined company plans to operate under the name "Kaz Resources Inc." and trade on Nasdaq under the ticker symbol "KAZR."

The business combination, which will also include the acquisition of Kaz Critical Minerals LLP, the holder of 15 licenses in Kazakhstan, has received approval by the boards of directors of both companies and is expected to close in the fourth quarter of 2026 or early 2027, subject to certain closing conditions, including the approval by Skyline shareholders, receipt of regulatory approvals and the effectiveness of a registration statement to be filed with the U.S. Securities and Exchange Commission. The investment was led by American Ventures, LLC.