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

Rhea-AI Summary

Skyline Builders Group (NASDAQ: SKBL) entered a non-binding letter of intent dated November 12, 2025 to acquire SuperCritical Technologies, a U.S. company developing U.S. DOE–originated technology to extract uranium and other critical metals from seawater.

SuperCritical holds an exclusive license to deploy the technology, which benefited from $20 million of DOE and NEUP research funding over 10 years, and the company says it expects to produce millions of pounds of uranium annually at costs competitive with land-based mines and to begin production this decade. The announcement highlights alignment with executive orders to boost domestic mineral and nuclear industrial capacity and cites the U.S. importing 99% of its uranium.

Positive

• Exclusive license from U.S. government for seawater extraction technology
• Technology backed by $20 million of DOE/NEUP research funding
• Company projects millions of pounds of uranium production annually
• Alignment with U.S. executive orders to expand domestic mineral and nuclear capacity

Negative

• Transaction is a non-binding letter of intent, creating execution uncertainty
• Commercial production claims are projected and not yet demonstrated at scale
• No disclosed acquisition terms or timeline, limiting near-term shareholder impact clarity

Insights

Strategic M&A and Nuclear Supply Chain Analyst

Non-binding LOI to buy a U.S. licensee of DOE-derived seawater uranium extraction tech; outcome and timing remain uncertain.

The proposed acquisition would transfer an exclusive U.S. license and a team with DOE‑linked research backing, including over $20 million of public funding and named technical leadership. The technology is described as capable of producing "millions of pounds" of uranium annually and the company expects to begin production this decade, which, if realized, would materially affect domestic uranium supply given the claim that the U.S. currently imports 99% of its uranium.

Key dependencies and risks are explicit: the LOI is non‑binding, the production timeline and cost competitiveness remain stated expectations rather than verified results, and the pathway from licensed research to industrial output is not detailed. Monitor the definitive purchase agreement, any disclosed production-capacity proof points, permitting or regulatory milestones, and firm timing for commercial production; near‑term signals would appear at signing and in any demonstration-scale performance reports before 2030.

●	Letter of Intent sets out terms for the acquisition of SuperCritical Technologies, a developer of technologies for the extraction of uranium and critical metals from seawater.
●	American-developed technology to become a powerful driver of domestic supply of nuclear fuels and critical metals for energy, technologies and defense.
●	US-DOE developed technology is proven to extract uranium and other critical metals from seawater cost-competitively.
●	The Trump Administration has pledged to quadruple nuclear energy capacity by 2050, driving strong demand for uranium.
●	The United States currently imports 99% of uranium from overseas suppliers.

Hong Kong, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL), a Cayman Islands exempted company (the “Company”), announced that it has entered into a non-binding letter of intent for the acquisition of SuperCritical Technologies Corp ("SuperCritical"), a U.S. company focused on the production of uranium and other critical metals.

SuperCritical seeks to pioneer new technologies for the extraction of uranium and critical metals from seawater, cost-competitively and at global industrial scale, leveraging proven technology developed by the U.S. Government – led by the US Department of Energy's Pacific Northwest Nuclear Laboratory ("PNNL"). SuperCritical’s advanced process will use specialized fibers to adsorb valuable resources from the ocean, ensuring a sustainable and scalable supply chain that supports domestic independence and national security. SuperCritical expects to be able to produce millions of pounds of uranium annually at a cost competitive with the production cost of land-based uranium mines. SuperCritical owns an exclusive license from the U.S. Government for the deployment of this technology, benefiting from over $20 million of research funding by the U.S. Department of Energy and the Nuclear Energy University Program (NEUP) over 10 years. SuperCritical expects to begin production this decade.

The ocean consists of most elements, though in very low concentration. This advanced chelation ion exchange chemistry can recover some of these metals in high enough concentrations to make them not only economic, but cost-competitive with land-based mining. The oceans contain 4.5 billion metric tons, or roughly 10 trillion lbs, of uranium alone, sufficient to power global energy demand with nuclear reactors for over 400,000 years.

The domestic production of uranium and critical metals using this technology is directly aligned with three Executive Orders:

●	IMMEDIATE MEASURES TO INCREASE AMERICAN MINERAL PRODUCTION
●	UNLEASHING AMERICA’S OFFSHORE CRITICAL MINERALS AND RESOURCES
●	REINVIGORATING THE NUCLEAR INDUSTRIAL BASE

SuperCritical also believes that the commercialization and deployment of this technology will create hundreds of high-wage and high-quality American jobs, particularly along the Gulf coast. This technology also has the potential to be a significant export opportunity for America, helping to secure critical resources for our allies abroad.

The SuperCritical team is comprised of former PNNL scientists and management, including Dr. Gary Gill, former Deputy Director of the Marine Sciences Division of PNNL. Dr. Gill is a founder of SuperCritical and a senior advisor to the technical team. Dr. Gill has decades of experience and advanced degrees in chemical oceanography, including his PhD from the University of Connecticut. Dr. Gill has authored numerous peer-reviewed papers on the subject of uranium extraction from seawater. He is considered one of the world's foremost experts on this subject.

Paul Mann, SKBL’s incoming executive chairman said “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.”

The United States currently imports 99% of its uranium supply. Nuclear power plants are responsible for generating nearly 20% of all electricity in the United States, and the United States has pledged to quadruple nuclear energy capacity by 2050.  In order to achieve this, a secure and scalable supply chain of uranium is required.

About Skyline Builders Group Holding Limited

Skyline Builders Group is the premier exterior restoration firm in the New York metropolitan area. Our company provides unparalleled service to building owners, project architects and engineers, building managers and boards; while ensuring the safety of everyone from our staff, clients to pedestrians passing our job sites.

About SuperCritical Technologies Corp

SuperCritical is pioneering a new era in metals production by extracting uranium and critical metals from seawater at low cost and on a global industrial scale, leveraging proven technology developed by the U.S. Government. SuperCritical's environmentally benign process uses specialized fibers to adsorb valuable resources from the ocean, ensuring a sustainable and scalable supply chain that supports domestic independence and national security. As a first-mover in this innovative field, SuperCritical is aligned with urgent U.S. policies promoting nuclear energy growth and critical materials security.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. These forward-looking statements include statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For more information, please contact:

Skyline Builders Group Holding Limited

Investor Relations Department

Email: ir@skylinebuilders.cc

FAQ

What did Skyline Builders (SKBL) announce on November 12, 2025 about SuperCritical?

SKBL announced a non-binding letter of intent to acquire SuperCritical, a company licensing U.S. DOE technology to extract uranium from seawater.

What is the significance of SuperCritical's exclusive license for SKBL (SKBL)?

The license grants SuperCritical deployment rights to DOE-developed seawater extraction technology supported by $20 million of research funding.

When does SuperCritical expect to begin production and at what scale for SKBL investors?

SuperCritical expects to begin production this decade and projects the ability to produce millions of pounds of uranium annually, per the announcement.

How does the SuperCritical deal relate to U.S. uranium supply for SKBL shareholders?

The company highlights that the U.S. currently imports 99% of its uranium and positions the technology as a pathway to domestic supply and national security.

Does the SKBL letter of intent to buy SuperCritical create a binding purchase obligation?

No; the announcement specifies the agreement is a non-binding letter of intent, so the acquisition is not yet finalized.