Welcome to our dedicated page for African Discovery Group news (Ticker: AFDG), a resource for investors and traders seeking the latest updates and insights on African Discovery Group stock.
Copper Intelligence Inc. (AFDG), formerly African Discovery Group, reports developments tied to copper exploration and project advancement in the Democratic Republic of Congo. Company news centers on the Butembo copper project, the acquired Kitungu Exploration Licence PR-15880, preliminary exploration data, drilling logistics, and the transition from African Discovery Group to a DRC-focused resource development company.
Recurring updates also cover material agreements, capital-structure disclosure, shareholder voting matters, governance matters, and potential copper-tailings opportunities in historical DRC copper districts. The company’s public communications emphasize early-stage exploration, asset aggregation, and project work in underexplored copper regions of the DRC.
Copper Intelligence (OTC: AFDG) signed a term sheet with CoTec and a third-party investment vehicle tied to its CEO and chairman to form an early-stage exploration joint venture targeting processing of historical copper tailings in the Democratic Republic of Congo (DRC).
The non-binding JV will use CoTec technologies, pursue asset-by-asset legal and technical due diligence, seek independent CoTec board approvals, and target U.S. International Development Finance Corporation funding once scale is achieved.
Copper Intelligence (AFDG) confirmed acquisition of the Kitungu Exploration Licence PR-15880 in the Democratic Republic of Congo copper belt on April 29, 2026. The licence covers 764.55 hectares, located ~73 km from Lubumbashi and accessible via national road N5.
Copper Intelligence cites historical work including nine RC holes, a reported combined 82m at 1.5% Cu intercept, a prior statement of 18.2 million tonnes at 1.74% Cu, and its remodelling estimating a conceptual in‑situ endowment of ~27 million tonnes at 1.54% Cu (1% cutoff: 24.8Mt at 1.62% Cu).
AFDG (Copper Intelligence) announced that its XY–44 drill rig, in partnership with Gemdrill, will be transported to the Butembo project in DRC. Transit to the DRC border is estimated at 2–3 weeks, unloading at Kasindi, plus ~1 week mobilization and ~1 week camp/setup.
Barring customs or transit delays, the drill is expected to be operational mid-April 2026, with initial site-based copper core analyses targeted for early May 2026. A social media and in-person Analyst Day is planned for mid-May 2026.
Copper Intelligence (OTC:AFDG) will present a live investor update at the Emerging Growth Conference on February 26, 2026 at 4:10 PM EST. The presentation will feature Chairman Andrew Groves and Geological Director Aldo Cesano and include real-time interaction with investors and analysts.
An archived webcast will be posted on EmergingGrowth.com and the Emerging Growth YouTube channel for those unable to attend live.
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.
African Discovery Group (OTC:AFDG) announced shareholder approval of its pending merger to acquire 100% of SOCIETE GRABIN MINING SAS (Butembo Copper Exploration license) in the Democratic Republic of Congo.
The stock-based Transaction will create a dedicated copper exploration company called Copper Intelligence, which the company says would become the first stand-alone DRC company publicly traded in the United States. The deal is expected to close imminently, subject to customary closing conditions. EAS Advisors acted as corporate advisor. Leadership named includes Andrew Groves and Aldo Cesano; Alan Kessler is outgoing chairman and CEO.
African Discovery Group (OTC:AFDG) announced on Oct 6, 2025 (referencing a Sept 25, 2025 term sheet) that it has agreed to acquire 100% of SOCIETE GRABIN MINING SAS to secure the Butembo Copper exploration licence in North Kivu, DRC.
According to the PR, initial artisanal and first‑phase exploration pits returned near‑surface oxidized copper results up to 18% Cu (and 16.3% in another pit) over an initial 500m of strike, with interpreted lateral extension potential of over 5km. The site is described as a greenfield, structurally controlled deposit near regional infrastructure and road/rail access toward the port of Mombasa. The overview was prepared by Qualified Person Richard Rice. The PR states no mineral resource or reserve estimates are provided or implied.
African Discovery Group (OTC:AFDG) signed a term sheet to acquire 100% of SOCIETE GRABIN MINING SAS, owner of the Butembo copper exploration licence in DRC, aiming to create a combined copper company. The PR states the deal is stock-based, will issue shares to the seller, and is expected to close in Q4 2025 subject to due diligence and financing. The company says it will change name, domicile and trading symbol and apply to uplist to NASDAQ on closing. The PR notes copper was added to the US draft list of strategic metals on Aug 27, 2025 and highlights planned regional logistics works scheduled through Q3 2026.
African Discovery Group (AFDG), a New York-based firm focused on Africa, has signed an agreement for a capital investment in Ogelle, an African-centered social media platform. AFDG will hold a 5% interest with an option to acquire an additional 5%. CEO Alan Kessler will join Ogelle's parent company, Reddot Television Network, Ltd., as a board member. The partnership aims to leverage Ogelle's unique platform that aggregates African content, addressing a significant gap in communication sources across the continent. Additionally, AFDG's common stock is now DTC-eligible, enhancing trading efficiency.
African Discovery Group has completed a private capital raise, securing $634,546 by selling 9,064,943 shares at $0.07 each. This transaction represents approximately 1.3% of the company's outstanding shares. The funds will be allocated to advance existing projects, general corporate purposes, and cover costs related to a reverse merger completed in November 2020. AFDG focuses on diversified business development in Africa, with growth strategies in various sectors, including agriculture, minerals, and oil and gas.