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African Discovery Group (AFDG) announces signing of Definitive Sales and Purchase Agreement (SPA) for Butembo Copper Asset in the Democratic Republic of Congo; name change to Copper Intelligence, Inc
African Discovery Group (AFDG) announces signing of Definitive Sales and Purchase Agreement (SPA) for Butembo Copper Asset in the Democratic Republic of Congo; name change to Copper Intelligence, Inc.
About this update from African Discovery Group Inc.
[{"type":"text","content":"African Discovery Group (AFDG) announces signing of\r\n Definitive Sales and Purchase Agreement (SPA) for Butembo Copper Asset in the\r\n Democratic Republic of Congo; name change to Copper Intelligence, Inc \r\n\r\nFeb 4, 2026, Washington DC, USA – AFDG, now Copper\r\n Intelligence, has successfully entered into a binding contract for the\r\n transaction closing of the Butembo mining concession in Eastern DRC. In\r\n conjunction with the SPA, AFDG shares have been issued to the license holders,\r\n with ownership of the mining interest now held by the US domiciled entity, thus\r\n completing the Reverse Takeover transaction (RTO). \r\n\r\nThe transaction was signed in parallel with a Strategic Minerals\r\n roundtable held in Washington DC in conjunction with the launch of Project\r\n Vault by US President Trump, and the attendance by His Excellency, President\r\n Felix Tshisekedi of DRC, and Aldo Cesano, Director of Copper Intelligence, and\r\n the inaugural Critical Minerals Ministerial hosted by Secretary of State Marco\r\n Rubio at the Department of State in Washington, D.C. \r\n\r\nCopper Intelligence, Inc is now the first stand-alone DRC\r\n company to be publicly traded in the United States. \r\n\r\nAndrew Groves, Chairman of Copper Intelligence stated, “ We\r\n are delighted to hold this status as a dedicated US company operating in Africa,\r\n aggregating assets in the DRC’s highest grade copper deposits in the world. The\r\n geology, and DRC’s prospective superlative yields, affords us the opportunity\r\n to create a unique, and dedicated copper exploration company. The Technical\r\n Team will now drive shareholder value through a methodical exploration program,\r\n asset addition, and validation of results.“\r\n\r\nAldo Cesano, Director added, “We believe Copper Intelligence\r\n will make a significant contribution to the people and communities of the DRC\r\n in which we work.”\r\n\r\nAlan Kessler, Director and Founder concluded, “We are\r\n confident Copper Intelligence holds the resources, timing and execution\r\n capability to embrace the global copper shortage, and create shareholder value as\r\n a pioneering African company.”\r\n\r\nAbout the Butembo Copper Project\r\n\r\nButembo is a near surface, low strip, Tier one exploration\r\n opportunity, located near the Ruwenzori mountain location of Uganda’s biggest\r\...