Cove Kaz Capital Group LLC, which has agreed to combine with Skyline Builders Group Holding Ltd., is advancing the Northern Katpar tungsten project in Kazakhstan, where it holds a 70% controlling interest in Severniy Katpar LLP. The company has selected a consortium of top global engineering firms, subject to definitive agreements, to lead a Definitive Feasibility Study (DFS) for Northern Katpar, scheduled to commence in July 2026 with anticipated completion before the end of 2027, supporting a future Final Investment Decision and financing due diligence.
Severniy Katpar LLP controls one of the largest undeveloped tungsten resources globally, with April 2023 feasibility work reporting 1.4 million tonnes of tungsten trioxide (WO3). Planned output is approximately 5,000 mtpa of tungsten from Northern Katpar and 7,000 mtpa from the nearby Upper Kairakty deposit, totaling 12,000 mtpa, described as roughly 15% of current global tungsten mine production. The project aims to supply ammonium paratungstate from a Kazakhstan refinery into U.S. and global critical-minerals markets, and is part of a proposed business combination that would create Kaz Resources Inc., expected to trade on Nasdaq as KAZR.
Skyline Builders Group Holding Ltd director Melkon John filed an initial statement of beneficial ownership on Form 3. The disclosure shows no reportable holdings of the company’s securities and no transactions or derivative positions, establishing his baseline insider ownership status as a director.
Skyline Builders Group Holding Limited reports a board change, appointing John M. Melkon as director effective July 15, 2026 and accepting the resignation of director Ngo Chiu Lam, who stepped down for personal reasons and not due to any disagreement over operations, policies, or practices.
The company highlights Melkon’s extensive U.S. military, geopolitical and critical-minerals experience, aligning with its shift away from the Asian construction sector toward supplying critical minerals and metals to the United States. Skyline describes a previously announced plan to close a merger with Cove Kaz Capital by year-end, and notes Cove Kaz’s 70% controlling interest in the Severniy Katpar tungsten joint venture and 75% interest in the Akbulak rare earth project in Kazakhstan.