The announcement of the U.S.-Ukraine Critical Minerals Agreement created an international deluge of interest in the precious materials that power every facet of cutting-edge technology. However, savvy investors were already on the prowl for a good deal.

American businessman James Cameron, weeks earlier, offered $5 billion to buy out mining company Eurasian Resources Group (ERG). The firm, which is trading at the London Stock Exchange and is partially owned by the Kazakh government, expressed plans to explore for critical minerals in Kazakhstan.

While Cameron’s bid was rebuffed, it’s not surprising that he tried in the first place. With an advantageous position in global mineral supply chains, ERG was an enticing investment —all the more so because, unlike Ukraine, possible gains are already happening and aren’t theoretical.

Read more at Newsmax© 2025 Newsmax. All rights reserved.