Canadian Firm Granted Essential Mineral Extraction Permit in Kazakhstan
Rewritten Article:
Hear this, bud: Canada's Condor Energies nabbed a cracking 6,800-hectare minerals expedition permit in Kazakhstan, according to Mining Technology on the 10th of March. This bad boy lasts a sweet six years!
Check out this pic, courtesy of BJP7images/Shutterstock:
The spankin' new Kolkuduk license is right next to Condor Energies' 37,300-hectare Sayakbay license, both babies being in a geothermally active, faulty region famed for its mineral-dense brine reserves.
Now, get this. Mining Technology dug up data from the Kazakh government, and according to it, historical whacks at Kolkuduk revealed brine with lithium levels skyrocketing up to 130 milligrams per liter[1]! historical data suggests a whopping 1,000-meter brine reservoir column, featuring not just lithium, but also rubidium, strontium, and cesium.
The location between Europe and China gives 'em direct access to major critical minerals markets. This sure as hell reinforces Kazakhstan's standing in the global supply chain game.
Condor Energies President and CEO Don Streu put it this way: "Our critical minerals endeavors with Condor Energies enhance our Uzbekistan natural gas project and Kazakhstan's liquefied natural gas (LNG) transportation fuel biz."
Before this, Condor Energies signed a deal with Kazakhstan on constructin' an LNG plant that'll churn out up to 350 tons of gas per day.
[1] Source: Kazakh Government data cited by Mining Technology. Other minerals identified in Kolkuduk brine deposits include rubidium, strontium, and cesium.
In light of this, it's worth noting that the financial implications of Condor Energies' new mineral exploration permit in Kazakhstan could significantly impact the global energy industry for the next six years. With promising lithium reserves discovered at the Kolkuduk site, the company may be able to contribute to the global supply chain of critical minerals, particularly in the finance sector, due to the location's strategic position between Europe and China.
