Skyline Builders Group Holding Signs Term Sheet for a Business Combination with Super Critical Materials
Globe Newswire•12/11/2026•08:30 ET
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Key Highlights
- ➤CRMN signs non-binding term sheet to acquire SuperCritical Materials
- ➤Combined entity ownership: Skyline 51%, SuperCritical shareholders 44%, new investors 5%
- ➤SuperCritical targets $10 million private placement from new investors
- ➤Transaction expected to close in 1Q 2027, pending shareholder and regulatory approvals
- ➤SuperCritical’s PEA is underway for industrial-scale uranium extraction off Texas
Expert Statements
Paul Mann, Executive Chairman of Skyline Builders Group Holding Limited
“The United States is in urgent need of domestic supplies of critical materials. SuperCritical’s technology will allow it to be a cost-competitive supplier of uranium and other critical metals for the United States, thereby securing a domestic supply chain, and most importantly, promising a rapid scale-up of production, which land-based uranium mines have so far failed to do.”
* CRMN has executed a new term sheet for the acquisition of SuperCritical Materials, a developer of proven uranium and critical metals extraction from seawater technology.
* American-developed technology to become a powerful driver of domestic security of supply of nuclear fuels and critical metals for industry, technology and defense.
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