.........   Donald Trump Jr. and Eric Trump have been using a shell company to buy stakes in US construction group Skyline Builders (Nasdaq: SKBL), which on Thursday merged with Cove Kaz Capital Group, the unit of New York-based mining investment group Cove Capital that was awarded the tungsten project last year.

As part of the merger, the companies will create a new entity named Kaz Resources to operate the project, which comprises two deposits (Northern Katpar and Upper Kairakty) located less than 20 miles apart in the Karaganda mining district of Central Kazakhstan.

The FT report, citing securities filings, detailed that Skyline had paid $20 million for a 20% stake in a company with “significant critical minerals assets in Asia”, which it revealed to be Kaz Resources.

Following the Skyline-Cove merger, Kaz Resources is expected to list on the Nasdaq under the symbol “KAZR”.

Responding to FT requests, a Trump Jr. spokesperson said he “does not interface with the federal government on behalf of any company he invests in or advises,” while Eric did not comment.

The deal follows a November announcement disclosing Cove Capital’s involvement in the project as part of the Trump administration’s push to develop critical minerals assets globally to reduce its reliance on Chinese supply. The deal also underpinned a strengthened economic partnership between the US and Kazakhstan, which signed a memorandum of understanding on critical minerals that month.

‘Largest undeveloped’ tungsten resource
According to Cove Capital, the project in Kazakhstan is the largest known undeveloped tungsten resource globally. A JORC-compliant mineral resource from 2023 estimated 1.4 million tonnes of tungsten trioxide (WO3), representing over half of China’s 2.4-million-tonne reserve as calculated by the US Geological Survey.

The current feasibility studies outlined a production capacity of approximately 12,000 tonnes of WO3 per annum from the two deposits, representing approximately 15% of global production, it said.         .........

Ah now we have the sprinter conspiracy series.

Sprintcyclist wrote on Jul 22^nd, 2026 at 8:49pm:

lee wrote on Jul 22^nd, 2026 at 3:32pm:


Your DL has indeed taken direct government funds for himself. $1.6 bil in government funds were paid out directly to fund his own Kazakstani mining venture. 

Paki gob on a stick wrote on Jul 23^rd, 2026 at 5:20pm:

.

You couldn't substantiate that lie. 

Ahead of the deal, the Trump administration approved preliminary applications for as much as $1.6 billion in federal financing for the American company, now called Kaz Resources, which plans to break ground on the project in rural Kazakhstan.

It was not only Mr. Trump and Mr. Lutnick who saw an opportunity.

Their sons were soon doing business with partners in a deal that their fathers were negotiating, continuing a pattern of self-enrichment in the second Trump administration that has few precedents in American history.

Within weeks of the St. Regis negotiations, investors with a firm called Dominari Securities, which is housed at Trump Tower in New York and partly owned by the president’s two eldest sons, Donald Trump Jr. and Eric Trump, joined with other partners to take a 20 percent stake in a corporate entity related to the Kazakhstan project.

Around the same time, Cantor Fitzgerald, an investment company controlled by Mr. Lutnick’s family and overseen by his sons Brandon and Kyle Lutnick, helped one of the lead investors working with Dominari on the Kazakh deal raise $210 million in new capital for a related entity. Such rounds of fund-raising typically net Cantor millions of dollars in fees.

The Kazakh deal was ultimately signed on Nov. 6, six days after the investment involving the Trump sons and their partners, which was not publicly disclosed at the time.

The arrangement is hardly an outlier. One or both families have financial ties to at least 14 companies that are actively working with the federal government on critical mining deals, including the Kazakhstan project, according to federal filings examined by The New York Times.

All 14 of these companies have either benefited directly from offers of financial assistance from the Trump administration, or have pending permit applications before the Commerce Department, which Mr. Lutnick oversees, The Times found. The total amount of federal funding that the Trump administration has provided or is considering providing to the companies exceeds $8.9 billion, according to public statements by the companies and federal government.

Quote:
Ahead of the deal, the Trump administration approved preliminary applications for as much as $1.6 billion in federal financing for the American company, now called Kaz Resources, which plans to break ground on the project in rural Kazakhstan.

It was not only Mr. Trump and Mr. Lutnick who saw an opportunity.

Their sons were soon doing business with partners in a deal that their fathers were negotiating, continuing a pattern of self-enrichment in the second Trump administration that has few precedents in American history.

Within weeks of the St. Regis negotiations, investors with a firm called Dominari Securities, which is housed at Trump Tower in New York and partly owned by the president’s two eldest sons, Donald Trump Jr. and Eric Trump, joined with other partners to take a 20 percent stake in a corporate entity related to the Kazakhstan project.

Around the same time, Cantor Fitzgerald, an investment company controlled by Mr. Lutnick’s family and overseen by his sons Brandon and Kyle Lutnick, helped one of the lead investors working with Dominari on the Kazakh deal raise $210 million in new capital for a related entity. Such rounds of fund-raising typically net Cantor millions of dollars in fees.

The Kazakh deal was ultimately signed on Nov. 6, six days after the investment involving the Trump sons and their partners, which was not publicly disclosed at the time.

The arrangement is hardly an outlier. One or both families have financial ties to at least 14 companies that are actively working with the federal government on critical mining deals, including the Kazakhstan project, according to federal filings examined by The New York Times.

All 14 of these companies have either benefited directly from offers of financial assistance from the Trump administration, or have pending permit applications before the Commerce Department, which Mr. Lutnick oversees, The Times found. The total amount of federal funding that the Trump administration has provided or is considering providing to the companies exceeds $8.9 billion, according to public statements by the companies and federal government.

Paki gob on a stick wrote on Jul 23^rd, 2026 at 7:15pm:



That isn't a part of "Trump sons invested". Why lie? Why not provide the source?

thegreatdivide wrote on Jul 24^th, 2026 at 6:04pm:


Are you okay to read it out to him, Great?

Lee seems to be struggling with the text.

Paki gob on a stick wrote on Jul 24^th, 2026 at 6:07pm:



I'm OK with that.... but I'm well acquainted  with lee's sub-par reasoning capacity caused  by his blind attachment to Conservative ideology.

Hemmer asked about two concerning reports this week, one about the $1.6 billion Donald Trump Jr. and Eric Trump stand to make in a mining deal with Kazakhstan.

They wanted a businessman in office. So he has had a tremendously successful career. Of course, his assets are in a blind trust. Has no control of those trades. He's pretty busy as president.