Trump Sons Gain From Kazakhstan Tungsten Deal Linked to U.S. Financing: Report
Dominari Securities, partly owned by Donald Trump Jr. and Eric Trump, took a 20% stake after Kazakhstan approved up to $1.6 billion in financing.
- On November 6, 2025, the U.S. government finalized a deal granting Kaz Resources access to Kazakhstan's vast tungsten reserves, involving financial ties to the sons of President Donald Trump and Commerce Secretary Howard Lutnick.
- Beijing's 2025 export restrictions on tungsten, a critical mineral for defense, prompted the administration to pursue overseas mining projects; the U.S. government has since backed 60 critical mineral ventures worldwide with $18.6b in financing.
- Investment firms partly owned by Donald Trump Jr. and Eric Trump took a 20% stake in the project, while Cantor Fitzgerald, overseen by Brandon and Kyle Lutnick, helped raise $210 million for related entities during negotiations.
- Representative Maxine Dexter, a Democrat from Oregon, alleged a conflict of interest, saying Congress must ensure "taxpayer dollars are being used in the public's interest and not to benefit family members." White House spokesman Kush Desai rejected such suggestions.
- Executive chair Pini Althaus aims to begin production by 2030, though the project remains subject to additional approvals for $1.6b in pending federal financial support, according to a Trump administration official.
39 Articles
39 Articles
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A published report detailing how President Donald Trump’s eldest sons stand to profit from a tungsten mining deal negotiated by their billionaire father has sparked outraged calls for accountability, with Democratic lawmakers characterizing the taxpayer-funded project as yet another example of the administration’s unchecked and unprecedented corruption. According to the New York Times report, Trump and his team – […] The post Trump sons set to p…
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Trump And Sons Face Scrutiny Over $1.6B Mining Deal
Pool Photo from Consolidated News Photos / MEGA Donald Trump and his sons, Donald Trump Jr. and Eric Trump, are facing fresh scrutiny over a critical minerals agreement between the United States and Kazakhstan. The deal has raised questions about whether Trump’s family could benefit from business opportunities linked to his administration’s policy priorities. The White House has denied suggestions that the administration is mixing government wor…
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