The Butembo copper project, located in the east of Democratic Republic of Congo (DRC), now joins the fold of a company listed in the United States. African Discovery Group (AFDG) announced the signing of a final contract for the sale and purchase of shares with Grabin Mining SAS, presented as the holder of the permit related to the Butembo project.

The operation was structured in the form of an intake of reverse control, a mechanism allowing an already listed company to integrate an unlisted asset by generally rewarding its owners through the issue of actions. AFDG thus states that securities have been issued for the benefit of license holders and that the mining interest is now housed within the entity domiciled in the United States.

Concretely, the Butembo project is now integrated in a structure under an issuer listed on the American market, with As a result, the entry of former asset holders into shareholding. However, the transaction remains subject to the approval of competent regulatory authorities, in particular in the DRC.

AFDG operates on the American OTC market, a compartment Stock exchange less regulated than major exchanges such as the NYSE or the Nasdaq. Public records indicate that the company has already changed its strategic orientation in the past before repositioning itself on metals.

In the wake of the acquisition, AFDG announced a changed its identity and now operates under the name Copper Intelligence. La Company claims to become “the first independent listed company linked to the DRC” in the United States” and intends to position itself as a vehicle dedicated to the acquisition and exploration of copper assets in the country.

The new management team is led by Andrew. Groves, presented as the founder of several mining companies in Africa, including Camec, African Platinum and Central African Gold, all successfully sold according to the company. It also includes Aldo Cesano, who claims forty years of experience in mining and logistics development in the DRC, Zimbabwe and southern Africa.

In a fragile security context in the east of country, the integration of the Butembo project into a structure listed at the international could strengthen its visibility and facilitate access to funding, subject to ongoing regulatory validation.