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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.
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