Copper Intelligence to acquire DRC’s Butembo copper asset

Copper Intelligence, formerly African Discovery Group, has signed a definitive income and acquisition statement (SPA) for the acquisition of the Butembo copper plus successful the Democratic Republic of Congo (DRC).

This statement solidifies the company's presumption arsenic a publically traded DRC entity connected the US market, marking a important milestone successful its operations.

The Butembo site, a tier 1 exploration accidental with near-surface, debased strip-mining potential, is located adjacent the Ruwenzori upland region, adjacent to Uganda's copper mine, Kilembe, which has confirmed reserves of 4 cardinal tonnes (mt).

Situated 50km from the Ugandan border, Butembo benefits from verified obstruction access.

Initial assays person demonstrated 18% copper content.

Copper Intelligence president Andrew Groves said: “We are delighted to clasp this presumption arsenic a dedicated US institution operating successful Africa, aggregating assets successful the DRC's highest people copper deposits successful the world.

“The geology, and DRC's prospective superlative yields, affords america the accidental to make a unique, and dedicated copper exploration company. The Technical Team volition present thrust shareholder worth done a methodical exploration programme, plus addition, and validation of results.”

The caller transaction included the issuance of shares to licence holders, efficaciously transferring mining involvement ownership to a US-based entity, frankincense finalising a reverse takeover transaction (RTO).

The signing occurred alongside a Strategic Minerals roundtable successful Washington DC, coinciding with the motorboat of Project Vault by US President Donald Trump.

Attendees included DRC President Felix Tshisekedi, Copper Intelligence Director Aldo Cesano, and officials from an inaugural Critical Minerals Ministerial lawsuit hosted by US Secretary of State Marco Rubio.

Cesano said: “We judge Copper Intelligence volition marque a important publication to the radical and communities of the DRC successful which we work.”

"Copper Intelligence to get DRC’s Butembo copper asset" was primitively created and published by Mining Technology, a GlobalData owned brand.

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