Condor Energies Inc., a publicly traded energy company headquartered in Calgary, Canada, has obtained a license to produce solid minerals in Kazakhstan at the Kolkuduk field, which spans 6,800 hectares. The company believes that the field contains an abundance of lithium.
It is worth noting that Kolkuduk is located next to the Sayakbay field, which spans 37,300 hectares and is already under the company’s management. Both fields are situated in a region full of faults, which can absorb and accumulate mineralized brines in underground reservoirs.
Geological exploration of the Kolkuduk field has shown the presence of approximately 130 milligrams of lithium per liter of brine water beneath the field’s surface. At the same time, according to historical data, many other minerals, including rubidium, strontium and cesium, are found in a 1,000-meter-deep column of tested and unexplored brine reservoirs.
«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,» said Don Streu, Condor’s president and CEO.
Condor Energies Inc. will benefit from Kazakhstan’s geographic location, as the country sits between Europe and China, the two largest consumers of critical minerals. In January 2024, the company announced that it had obtained the necessary quotas for natural gas to produce 350 tons of liquefied petroleum gas (LPG) per day starting in 2025. This volume of LPG would be enough to fuel 125 railway engines or 215 dump trucks with a carrying capacity of 150 tons each.
