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Skyline Builders Group Holding Limited Enters into Letter of Intent to Acquire SuperCritical Technologies

SKBL
  • Skyline Builders Group Holding Limited (NASDAQ: SKBL) has entered a non-binding letter of intent to acquire SuperCritical Technologies Corp, a U.S. developer of uranium & critical metal extraction technology from seawater.
  • SuperCritical utilizes proven U.S. Department of Energy (PNNL) technology employing specialized fibers to adsorb resources, with an exclusive license & over $20 million in historical research funding.
  • The technology aims to produce millions of pounds of uranium annually at costs competitive with land-based mines, tapping into the ocean's estimated 10 trillion lbs of uranium.
  • This acquisition supports the Trump Administration's goal to quadruple nuclear energy capacity by 2050 & addresses the U.S. reliance on 99% imported uranium.
  • SuperCritical's operations align with three executive orders focused on increasing American mineral production, unleashing offshore resources, & reinvigorating the nuclear industrial base.
  • The company expects to begin production this decade, create hundreds of high-wage American jobs, & potentially become a significant export opportunity.
  • The SuperCritical team includes former PNNL scientists led by Dr. Gary Gill, a recognized expert in chemical oceanography & uranium extraction.
  • Skyline Builders Group is described as a premier exterior restoration firm in the New York metropolitan area, while SuperCritical focuses on sustainable, domestic supply chain independence.