Donald Trump Jr. and Eric Trump invested in Skyline Builders through a Dominari Securities vehicle in 2025. The Nasdaq-listed firm is merging with Cove Kaz Capital Group to form Kaz Resources Inc. for a $1.1 billion tungsten project in Kazakhstan with $1.6 billion in conditional U.S. financing.
Trump Sons' Investment Structure
The Trump sons made two separate investments last year via American Ventures, a Dominari Securities subsidiary. Donald Trump Jr. and Eric Trump put money in during August and October 2025. Dominari Securities holds a 90% stake in American Ventures' management entities. Both men serve on Dominari's advisory board and own more than 5% of the firm, giving them influence over the investment vehicle without full control.
Kazakhstan Tungsten Development
Skyline paid $20 million for a 20% stake in a Delaware LLC that became Kaz Resources. The venture will develop Northern Katpar and Upper Kairakty deposits through a partnership where Cove Kaz Capital Group controls 70% and Kazakhstan's state-owned Tau-Ken Samruk holds 30%. Total development costs are projected at $1.1 billion. The project requires building new infrastructure in the remote mining regions.
U.S. Financing Commitments
The U.S. Export-Import Bank issued a $900 million conditional letter of interest for the project. The U.S. International Development Finance Corporation added a $700 million conditional commitment. Both financing agreements depend entirely on the merger between Skyline and Cove Kaz completing as planned. The funds are intended to support the project's capital-intensive development phase.
Merger Completion Requirements
Shareholder approval, regulatory clearances in both countries, and an effective SEC registration statement are required before closing. The SEC filing must be finalized before the deal can proceed. The merger is expected to close in the fourth quarter of 2026 though timing could slip to early 2027 if conditions aren't met on schedule.
