Trump Sons Profit From Every Angle of $1.6 Billion US-Backed Tungsten Deal
The Trump sons, Donald Trump Jr. and Eric Trump, quietly took roughly 20% of a Kazakh tungsten miner now backed by as much as $1.6 billion in US federal financing, the Financial Times reported Friday.
Three forces converge of their favor, every set in movement by their father’s administration. Federal financing builds the mine, a US ban removes the dominant provider, and the Pentagon wants an alternate now.
Why the Deal Raises Red Flags
The brothers entered by means of Skyline Builders, a Nasdaq-listed shell, in August 2025 with no public disclosure. They added shares in a $24 million non-public placement in late October, days after deal phrases leaked.
In November, President Trump and Kazakh President Kassym-Jomart Tokayev unveiled the mission at a White House summit.
The Export-Import Bank pledged as much as $900 million, and the Development Finance Corporation pledged $700 million extra.
“This may very well be the largest corruption scandal in latest US historical past,” analyst Bull Theory noted.
Their broader crypto ventures already confronted Senate probes over conflict-of-interest concerns. Reportedly, the brothers are passive buyers with no authorities function.
The Financial Times discovered no proof they knew about pending US assist once they first purchased in.
Three Angles of Government Help
US miners haven’t produced tungsten commercially since 2015. A 2026 regulation additionally bars Chinese tungsten from American navy gear, leaving the Pentagon and not using a home various.
China nonetheless controls about 80% of world tungsten and tightened export guidelines in early 2025. Prices reached a decade high in 2024, fueling Washington’s push for an allied supply.
The Northern Katpar and Upper Kairakty deposits may provide roughly 15% of world tungsten output.
- Government money builds the mine.
- Government coverage banishes the dominant rival.
- Government contracts will fill the hole that coverage created.
Whether KAZR triggers the congressional policy scrutiny already focusing on household crypto holdings will outline the approaching weeks.
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