# Cove Kaz drops merger, secures $32M investment for Kazakhstan tungsten projects

Cove Kaz terminated its merger with Skyline Builders and secured a $32 million investment commitment from American Ventures. The company plans to list on a U.S. stock exchange in H1 2027 to fund its Northern Katpar and Upper Kairakty tungsten projects in Kazakhstan.

- Type: Investment
- Announced: 2026-11-02
- Where: Karaganda Region, Kazakhstan
- Value: $32.0M
- Status: announced
- Products: tungsten
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Cove Kaz](https://endata.com/companies/15450.md)
- [Skyline Builders](https://endata.com/companies/15451.md) (investor)
- [American Ventures](https://endata.com/companies/15452.md) (investor)
- [Tau-Ken Samruk](https://endata.com/companies/15453.md) (partner)

## Sources

- [timesca.com](https://timesca.com/developer-of-kazakhstan-tungsten-projects-drops-merger-and-plans-u-s-listing/), 2026-11-03: "The additional capital will fund engineering and construction-related work to shorten our time to production."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.