Condor Receives Its Second Critical Minerals Mining License In Kazakhstan

Condor Energies Inc., a Canadian based energy transition company, has been awarded a second critical minerals mining license (the Kolkuduk License) by the Government Ministry responsible for mining in the Republic of Kazakhstan.

Condor has a 100% working interest in the 6800 ha. Kolkuduk License, which provides the exploration rights for mining solid minerals for a six-year term.

The Kolkuduk Licence is in close proximity to the company’s existing 37 300 ha. Sayakbay critical minerals license, and both are located in a heavily faulted, geothermally active region, allowing migration of mineralised brines into reservoirs. The licenses are also adjacent to other developing hard rock mining operations focused on critical minerals. Both licenses are strategically positioned between Europe and China, providing direct access to existing and robust critical minerals markets.

A prior well drilled in the Kolkuduk License territory for hydrocarbon exploration encountered and tested brine deposits with lithium concentrations of up to 130 mg/l as reported by the Ministry of Geology of the Republic of Kazakhstan. A 1000 m column of tested and untested brine reservoir has been identified from historical wireline log and core data. Other critical minerals identified include rubidium, strontium, and caesium.

Don Streu, Condor’s President and CEO comments:

“Condor’s focus on developing critical minerals in Kazakhstan aligns with the strategic focus of multiple countries to accelerate the development of diverse, secure, and sustainable supply chains of critical minerals. Kazakhstan is one of the select group of minerals-producing countries identified as strategic to these efforts.

“Critical minerals have become a key focus for many country’s national security and economic prosperity. Condor’s expanding critical mineral initiatives compliment our existing Uzbekistan natural gas production enhancement project, as well as our developing Kazakhstan LNG transportation fuel business, to position the company to be a valuable supplier of secure, stable, and sustainable energy and mineral needs in the geo-politically strategic Central Asia region. It also positions the company to realise multiple revenue streams that should remain robust across varying economic conditions and geo-political priorities.”

Read the article online at: https://www.globalminingreview.com/mining/11032025/condor-receives-its-second-critical-minerals-mining-license-in-kazakhstan/