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Skyline Builders Group Holding Limited Enters into Letter of Intent to Acquire SuperCritical Technologies
Globenewswire· 2025-11-12 13:00
Core Viewpoint - Skyline Builders Group Holding Limited has entered a non-binding letter of intent to acquire SuperCritical Technologies Corp, which specializes in the extraction of uranium and critical metals from seawater [1][6]. Group 1: Company Overview - Skyline Builders Group Holding Limited is a Cayman Islands exempted company listed on NASDAQ as SKBL [1]. - SuperCritical Technologies Corp is focused on pioneering technologies for extracting uranium and critical metals from seawater, utilizing proven technology developed by the U.S. Government [2][10]. Group 2: Technology and Production - SuperCritical's technology aims to extract uranium cost-competitively at a global industrial scale, with expectations to produce millions of pounds of uranium annually [2][10]. - The oceans contain approximately 4.5 billion metric tons of uranium, sufficient to meet global energy demands for over 400,000 years [3]. - The extraction process employs advanced chelation ion exchange chemistry, making it economically viable compared to land-based mining [3]. Group 3: Economic and Employment Impact - The commercialization of SuperCritical's technology is expected to create hundreds of high-wage jobs, particularly along the Gulf Coast [4]. - The technology presents a significant export opportunity for the U.S., enhancing resource security for allies [4]. Group 4: Strategic Alignment - The initiative aligns with U.S. Executive Orders aimed at increasing domestic mineral production and reinvigorating the nuclear industrial base [7]. - The U.S. currently imports 99% of its uranium, highlighting the urgent need for domestic supply to support the goal of quadrupling nuclear energy capacity by 2050 [6][8].