FT: Trump’s sons strike major deal in Kazakhstan

U.S. President Donald Trump’s sons, Eric Trump and Donald Trump Jr., have acquired a stake in a Kazakh tungsten mining company, sources cited by the Financial Times have reported.

The publication states that the sons of Donald Trump will take a share in a Kazakh mining company that has received $1.6 billion in U.S. government-backed support.

“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 report said.

According to three people familiar with the deal, the brothers acquired a stake in Skyline Builders in August through a special purpose vehicle managed by a subsidiary of Dominari Securities. The size of their investment has not been disclosed.

Eric Trump did not respond to requests for comment sent to the Trump Organization and American Bitcoin, of which he is a co-founder. The White House also did not respond to a request for comment from the publication.

In October 2025, Bloomberg reported that Donald Trump’s team had been in talks regarding access to a tungsten deposit in Kazakhstan.

By Vugar Khalilov