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African Discovery Group (OTC:AFDG) (“AFDG” or the “Firm“) has signed a time period sheet to accumulate the Butembo Copper exploration license within the Democratic Republic of Congo (DRC) by buying 100% of the shares of SOCIETE GRABIN MINING SAS (the “Transaction“). With this proposed acquisition, AFDG goals to create a mixed copper firm constructed to ship worth creation for the subsequent century. Congo has an estimated $24 trillion value of mineral wealth, in response to the World Financial institution.
First standalone Congolese firm in the US
As a part of the renewed strategic alliance and imaginative and prescient between the US and the DRC to advertise strategic minerals, the USA-DRC Financial Discussion board can be hosted in Washington DC in October, in follow-up to a profitable funding hosted by President Trump of the US and President Tshisekedi of DRC in August in Washington.
Massad Boulos, US Senior Advisor for Africa to President Trump lately acknowledged, “I look ahead to working with President Félix Tshisekedi and his staff to construct a deeper relationship that advantages the Congolese and American individuals, and to stimulate American non-public sector funding within the DRC, notably within the mining sector, with the shared objective of contributing to the prosperity of each our international locations.” United States Secretary of State Marco Rubio additional pressured the significance of defending U.S. strategic pursuits in essential minerals, that are essential for the tech sector, and bringing stability to the area. Stories point out his involvement in DRC’s peace course of was seen as utilizing U.S. affect within the minerals commerce to facilitate U.S. entry to essential minerals. President Trump has additional acknowledged “Our partnership (with the DRC) would offer the U.S. with a strategic benefit by securing essential minerals similar to cobalt, lithium, copper and tantalum from the Democratic Republic of Congo. U.S. firms are able to step up and are keen to speculate. However for them to succeed, they want transparency, predictable governance, and a stronger enabling setting within the DRC.” On the time of the closing of the transaction, the mixed firm will turn into the primary stand-alone DRC firm to be publicly traded in the US.
DRC’s copper manufacturing is among the many largest on the planet, with the DRC concentrating 65% of newly introduced copper reserves recognized worldwide in 2023, in response to S&P International Market Intelligence. Quite a few extremely valued copper firms have acknowledged DRC’s copper potential together with Ivanhoe Mining Restricted, certainly one of DRC’s largest copper firms, Glencore, and the rising entity of Kobold, a Jeff Bezos and Invoice Gates based mostly mining exploration startup. Copper’s demand is based on quite a few gadgets, together with synthetic intelligence associated infrastructure construct, telecommunications and constructing supplies, amongst others.
The brand new administration that may drive worth creation are pushed by Andrew Groves, whose earlier strategic exits in sources on the African continent embrace: Founder and CEO of CAMEC PLC, a cobalt and copper producer within the DRC that offered to ENRC for a billion greenback exit, Founder and CEO of African Platinum PLC, that offered to Impala Platinum for $900mm, and the founding father of Central African Gold that offered to New Daybreak for $300mm. Aldo Cesano, who intends to affix the Board of Administrators of the corporate, brings over 40 years of expertise in mining and logistics improvement throughout the DRC, Zimbabwe and Southern Africa. Andrew’s staff will succeed as administration in entirety put up shut of Transaction.
The stock-based transaction will create a copper exploration firm, with a give attention to creating worth round Africa and DRC particularly targeted on beneath explored basins of copper. On closing of the Transaction, the Firm is anticipated to alter company title, domicile, and buying and selling image to mirror the character of the brand new operations, and apply for an uplisting to the NASDAQ alternate, topic to regulatory approval. As a part of the closing of the transaction, AFDG is anticipated to difficulty shares to SOCIETE GRABIN MINING SAS. The Transaction is anticipated to outcome within the present AFDG shareholders retaining a minority possession of the Firm. AFDG is aiming to shut the Transaction in This fall 2025, topic to due diligence and financing contingency.
On August 27, 2025, the US authorities added copper to its draft record of strategic metals. In line with veteran vitality historian Daniel Yergin,” just one steel represents the linchpin of the vitality transition away from fossil fuels, with copper as that elementary mineral that is required for all facets of the vitality transition, together with electrical autos and batteries, charging infrastructure and the wires that comprise the grid itself, require extra copper than the applied sciences used to provide vitality from fossil fuels”. Present estimates that copper provide must double by 2035 — from the present 25 million metric tons per 12 months to a document 50 million metric tons per 12 months. The Worldwide Power Company (IEA) expects the supply-demand disparity to persist till 2050.
Whereas the east of the DRC is comparatively unexplored, previous to the independence of Zaire the Belgian’s had deliberate on constructing rail infrastructure from Kisangani to Goma, Bukavu and Bunia to export copper, tungsten, tin and different minerals and agricultural merchandise from the area, plans that adjusted put up independence. Historically, giant mining firms have targeted on Katanga province for copper and cobalt, given proximity to export markets and Southern African ports. Logistics are a key part to the venture within the Japanese DRC, with the Consortium of Toha and Bulongo Logistics beginning works on the Kisangani to Bukavu route by way of Lubutu (Asphalt highway) in the direction of the top of 2025. The consortium will fund the development from 60% of the proceeds from the Kolwezi to Solwezi toll highway venture with a brand new border at Kasabinda, which must be accomplished by third quarter of 2026.
AFDG Chairman and Founder, Alan Kessler, who is anticipated to retain a task as a Director of the corporate put up shut of transaction, acknowledged, “We’re extremely enthusiastic to maneuver ahead with such a promising Transaction for our firm and our shareholders. Quite a few tailwinds are anticipated to drive dramatic worth creation, together with a excessive correlation to gold worth at an all-time excessive and an easing US Federal reserve, Synthetic Intelligence associated infrastructure construct, meets the vitality transition, finds an rising DRC. The confluence and timing of all of those world elements on the demand aspect, and constrained provide, ensures the extremely promising nature of this chance.”
EAS Advisors LLC have been appointed as the company advisor for the Firm on the Transaction.
About Butembo Copper Mission
Butembo is a close to floor, low strip, Tier one exploration alternative, positioned close to the Ruwenzori mountain location of Uganda’s largest copper mine (Kilembe with 4 million tons of verified reserves), positioned solely 50km from the Ugandan border with verified entry to rail. The Excessive-grade copper samples to date have returned 18% Copper assays, which if maintained at manufacturing would rank amongst the best globally.
About African Discovery Group
African Discovery Group, Inc., is a Delaware company, devoted to the event of the African continent. AFDG’s wholly-owned subsidiary, ADG Subsidiary Corp., is a Delaware company (“ADG”). AFDG’s main companies from which it intends to generate revenues sooner or later, embrace agriculture/sustainability, energy, media, strategic minerals, and finance sectors on the African continent. The Firm, by means of its wholly-owned subsidiary, is dedicated to all facets of environmental, social and governance points in its enterprise.
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