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Business·1/5/2026ملخص الذكاء الاصطناعي
Trump-Backed Shell Company Merges With Kazakhstan Tungsten Mining Group After $1.6B US Government Funding
A shell company backed by Donald Trump Jr. and Eric Trump has agreed to merge with Cove Kaz Capital, a mining group that received up to $1.6 billion in US government funding in 2025 for tungsten extraction in Kazakhstan. The newly-formed entity will trade on Nasdaq as Kaz Resources. Cove Kaz controls major tungsten deposits in Kazakhstan, one of the world's largest. The Trump sons invested in Skyline Builders last August via Dominari Securities and added $24 million in October. Democrats have raised concerns about conflicts of interest, while the article notes no suggestion the Trumps knew about or influenced the government contract.
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