Donald Trump Jr and Eric Trump’s shell company merged with a critical‑minerals group that secured a $1.6bn U.S. contract to mine tungsten in Kazakhstan. The deal places the brothers in Skyline Builders, a vehicle that recently paid $20 million for a 20% stake in Kaz Resources.

The merger follows Kazakhstan’s president offering a major tungsten project to U.S.‑backed Cove Kaz Capital. Cove, backed by federal agencies, now controls 70% of the Northern Katpar and Upper Kairakty projects, which the Trump brothers helped position through Skyline.

For investors, the transaction signals a push to diversify U.S. critical‑materials supply chains away from China. The new entity, slated to list as Kaz Resources on Nasdaq, may benefit from the Pentagon’s appetite for tungsten, while the Trump family’s stake raises ongoing scrutiny over potential conflicts of interest.