A shell company backed by Donald Trump Jr and Eric Trump has agreed to merge with a critical minerals group that last year secured up to $1.6bn in US government support to mine tungsten in Kazakhstan.
The deal would expand the Trump family’s sprawling business empire, granting the US president’s sons a stake in a company that insiders hope will help sever America’s reliance on China for metals used in munitions and other defence products.
The brothers bought into construction group Skyline Builders in August, taking stakes through a special purpose vehicle run by a subsidiary of Dominari Securities, according to three people familiar with the deal. The size of their investment was not disclosed.
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