Skyline Builders Acquires Nevada Gold & Silver Properties

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Skyline Builders Group Acquires Two Nevada Gold and Silver Properties Ahead of Cove Kaz Merger

GRAND CAYMAN, CAYMAN ISLANDS - August 17, 2026 - Skyline Builders Group Holding Limited (Nasdaq: KAZR) announced the acquisition of two highly prospective gold and silver mineral properties in Nevada, positioning the company ahead of its pending business combination with Cove Kaz Resources.

The newly acquired properties diversify the company's portfolio into precious metals within Nevada, recognized as a top-ranked global mining jurisdiction. The expansion supports the company's broader strategy to secure critical materials and precious metals supply chains.

Acquisition Details

  • Mill Creek Project: An early-stage gold exploration project comprising 36 lode mining claims totaling approximately 720 acres in the Shoshone Range, acquired from Paramount Gold (NYSE: PZG).
  • Irwin Project: A past-producing property spanning twelve claims with historic high-grade intrusive-related gold and silver, located in the Troy Mining District, Nye County.

The company plans to conduct initial field studies, including detailed mapping, soil and geochemistry sampling, geophysical surveys, and remote sensing to identify future drill targets. The pending business combination with Cove Kaz Resources, which focuses on strategic tungsten and critical mineral projects in Kazakhstan, is expected to close by late 2026 or early 2027.

About Skyline Builders Group Holding Ltd

Skyline Builders Group Holding Limited (NASDAQ: SKBL) is a Cayman Islands exempted company with limited liability with its main assets focused on the construction industry in Asia. In the third quarter of 2025, a group of US investors, led by American Ventures, took control of SKBL via a significant cash injection with a goal to divest of the legacy Asian construction business and acquire assets in the critical material supply chain. SKBL seeks to become a highly strategic supplier of critical minerals and nuclear fuels and will focus on supplying customers in the United States preferentially over customers in other regions to ensure that US customers have access to the critical materials they require. In November 2025, SKBL announced that it had subscribed for an approximate 20% membership interest in an LLC involved in the critical materials supply chain. In April 2026, SKBL announced a Transaction Agreement to effect a business combination with Cove Kaz, a U.S.-backed critical minerals development company focused on advancing strategic resource projects in Kazakhstan.

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