REDATOR Ben Graham Posted July 18, 2025 REDATOR Report Share Posted July 18, 2025 The Democratic Republic of Congo has struck a preliminary mineral exploration agreement with US‑based Kobold Metals, deepening American involvement in its critical‑minerals sector. The deal opens the door to US investment in cobalt, copper and lithium projects. Kobold Metals, backed by investors including Bill Gates and Jeff Bezos, agreed “in principle” to apply for exploration permits and digitize Congo’s geological data, according to a presidential announcement. The deal signed in Kinshasa with President Félix Tshisekedi present marks a strategic push for US access to cobalt, copper and lithium. It aligns with a broader US‑Congo initiative aimed at reducing China’s dominance in critical minerals. Kobold plans to deploy its AI‑powered exploration tools and begin a lithium project in Manono, Tanganyika Province. The company will fund digital geological mapping, hire local staff, and support infrastructure investments in host communities. The agreement complements earlier progress, including a $1 billion framework for Kobold to acquire AVZ’s stake in Manono’s lithium deposit – a move supported by the US government and aimed at countering Chinese influence. However, the final outcome remains contingent on resolving ongoing legal disputes and securing necessary permits. (With files from Bloomberg) Visitante_633ffe93, Visitante_1092c60e and Visitante_9eef668d 2 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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