Condor Energies Inc., a Calgary-based energy company, has secured a license to produce solid minerals at the Kolkuduk field in Kazakhstan, spanning 6,800 hectares. The company believes the field holds significant lithium reserves, bolstering its position in the global critical minerals market.
The Kolkuduk field is adjacent to the Sayakbay field, a 37,300-hectare site already managed by Condor. Both fields are located in a geologically active region characterized by faults that facilitate the accumulation of mineralized brines in underground reservoirs. Initial geological exploration at Kolkuduk has revealed approximately 130 milligrams of lithium per liter of brine water, with historical data indicating the presence of other valuable minerals such as rubidium, strontium, and cesium in brine reservoirs up to 1,000 meters deep.
Don Streu, Condor’s President and CEO, emphasized the strategic importance of the project, stating, «Condor’s focus on developing critical minerals in Kazakhstan aligns with the global push to create diverse, secure, and sustainable supply chains.» Kazakhstan’s geographic location, situated between Europe and China—two of the largest consumers of critical minerals—further enhances the project’s potential.
In addition to its mineral exploration, Condor announced in January 2024 that it had secured natural gas quotas to produce 350 tons of liquefied petroleum gas (LPG) daily starting in 2025. This volume could power 125 railway engines or 215 dump trucks with a capacity of 150 tons each, showcasing the company’s diversified energy portfolio.
