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

Rhea-AI Summary

Copper Intelligence (formerly AFDG; ticker AFDG) announced signing of a binding Sales and Purchase Agreement for the Butembo copper concession in eastern Democratic Republic of Congo and completed a Reverse Takeover so the US‑domiciled entity now holds the mining interest.

The SPA and share issuances to license holders coincide with strategic minerals events in Washington, D.C., and the company says it is now the first stand‑alone DRC company publicly traded in the United States, targeting methodical exploration and asset validation.

Positive

• Completed binding SPA for Butembo copper concession
• Reverse Takeover completed; US entity now owns the mining interest
• Shares issued to license holders as part of transaction
• Company claims first stand‑alone DRC firm publicly traded in US

Negative

• No quantified financing, reserve or production figures disclosed
• No exploration timetable, budget, or near‑term milestones provided

WASHINGTON, Feb. 6, 2026 /PRNewswire/ -- AFDG, now Copper Intelligence, has successfully entered a binding contract for the transaction closing of the Butembo mining concession in Eastern DRC. In conjunction with the SPA, AFDG shares have been issued to the license holders, with ownership of the mining interest now held by the US domiciled entity, thus completing the Reverse Takeover transaction (RTO).

The transaction was signed in parallel with a Strategic Minerals roundtable held in Washington DC in conjunction with the launch of Project Vault by US President Trump, and the attendance by His Excellency, President Felix Tshisekedi of DRC, Aldo Cesano, Director of Copper Intelligence, and the inaugural Critical Minerals Ministerial hosted by Secretary of State Marco Rubio at the Department of State in Washington, D.C.

Copper Intelligence, Inc is now the first stand-alone DRC company to be publicly traded in the United States.

Andrew Groves, Chairman of Copper Intelligence stated, " We are delighted to hold this status as a dedicated US company operating in Africa, aggregating assets in the DRC's highest grade copper deposits in the world. The geology, and DRC's prospective superlative yields, affords us the opportunity to create a unique, and dedicated copper exploration company. The Technical Team will now drive shareholder value through a methodical exploration program, asset addition, and validation of results."

Aldo Cesano, Director added, "We believe Copper Intelligence will make a significant contribution to the people and communities of the DRC in which we work."

Alan Kessler, Director and Founder concluded, "We are confident Copper Intelligence holds the resources, timing and execution capability to embrace the global copper shortage, and create shareholder value as a pioneering African company."

About the Butembo Copper Project

Butembo is a near surface, low strip, Tier one exploration opportunity, located near the Ruwenzori mountain location of Uganda's biggest copper mine (Kilembe with 4 million tons of verified reserves), located only 50km from the Ugandan border with verified access to rail. The High-grade copper samples thus far have returned 18% Copper assays, which if maintained at production would rank amongst the highest globally.

Industry and DRC positioning

According to The Washington Post, projected demand scenarios suggest that annual copper deficits could reach or exceed 6 million tons by 2035. The U.N. Conference on Trade and Development (UNCTAD) estimates that closing this gap would require opening around 80 major new mines by 2030.

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Media Contact:

www.copperintelligence.com
Maxine Gordon
mg@africandiscoverygroup.com
(917) 478-0406

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SOURCE African Discovery Group

FAQ

What did Copper Intelligence (AFDG) announce about the Butembo copper concession on February 6, 2026?

They signed a binding Sales and Purchase Agreement and completed a Reverse Takeover to place the Butembo concession into the US entity. According to Copper Intelligence, shares were issued to license holders and ownership now rests with the US‑domiciled company.

Does the February 6, 2026 announcement mean Copper Intelligence (AFDG) is publicly traded in the United States?

Yes, the company says it is now a publicly traded, US‑domiciled stand‑alone DRC company following the RTO. According to Copper Intelligence, the transaction moved ownership of the mining interest into the US entity.

What ownership changes occurred for AFDG’s Butembo asset after the SPA and RTO?

Ownership of the Butembo mining interest transferred to the US‑domiciled entity via the completed RTO. According to Copper Intelligence, shares were issued to the licence holders as part of the transaction closing.

Who attended the signing events tied to Copper Intelligence’s SPA for Butembo on February 6, 2026?

The signing coincided with Washington events and included company directors and international officials. According to Copper Intelligence, attendees included its leadership and representatives linked to strategic minerals roundtables in Washington, D.C.

What are Copper Intelligence’s stated next steps for the Butembo concession after the February 6, 2026 agreement?

The company intends to pursue a methodical exploration program, asset additions, and result validation to drive shareholder value. According to Copper Intelligence, the technical team will lead exploration and validation activities.