Condor Energies has been awarded its second critical minerals mining license in Kazakhstan, encompassing the Kolkuduk area of 6,800 hectares. This six-year exploration permit is adjacent to their 37,300ha Sayakbay license, which is situated in a mineral-rich region. CEO Don Streu highlighted Kazakhstan’s strategic importance in global mineral supply chains and the company’s initiatives to enhance energy security and multiple revenue streams.
Condor Energies, a Canadian firm focused on energy transition, has received its second critical minerals mining license in Kazakhstan from the relevant government ministry. The Kolkuduk license spans 6,800 hectares and permits Condor Energies a six-year period for exploration of solid minerals. Situated adjacent to their existing Sayakbay critical minerals license, which covers 37,300 hectares, both licenses are located in a geologically active region that favors the presence of mineralized brines.
The strategic positioning of these licenses between Europe and China provides direct access to critical minerals markets. The Ministry of Geology of Kazakhstan reported that a prior hydrocarbon exploration well in the Kolkuduk area revealed lithium brine deposits with concentrations reaching up to 130mg per liter. Additionally, historical data highlights a significant 1,000-meter column of brine reservoirs containing other minerals, such as rubidium, strontium, and cesium.
Don Streu, President and CEO of Condor Energies, emphasized the company’s commitment to developing critical minerals in Kazakhstan, aligning with the global shift toward secure and diversified supply chains for essential minerals. He noted that Kazakhstan is recognized as a crucial mineral-producing nation, highlighting the importance of critical minerals for national security and economic stability.
Moreover, Streu pointed out that the expanding initiatives in critical minerals complement the company’s existing projects in Uzbekistan and its emerging liquefied natural gas (LNG) operations in Kazakhstan. These efforts aim to position Condor Energies as a reliable supplier of sustainable energy and minerals in a geopolitically significant region, creating multiple revenue streams that will remain robust amid economic fluctuations and evolving geopolitical priorities.
In related developments, Ivanhoe Mines has established a joint venture with the UK-based Pallas Resources to explore the Chu-Sarysu copper basin located in Kazakhstan.
Condor Energies has achieved significant progress by securing a second critical minerals mining license in Kazakhstan, enabling them to explore vital minerals strategically located for market access. The company aims to align itself with global supply chain initiatives for critical minerals, enhancing energy security and economic prospects in the region. This strategic business alignment places Condor Energies in a favorable position within the geopolitically significant central Asia region, reinforcing their role as a dependable supplier amid evolving economic conditions.
Original Source: www.mining-technology.com
