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Condor Energies ( (TSE:CDR) ) has shared an update.
Condor Energies Inc has secured a second critical minerals mining license in Kazakhstan, known as the Kolkuduk License, which spans 6,800 hectares and allows exploration for solid minerals over six years. This strategic acquisition, adjacent to their existing Sayakbay license, positions Condor to tap into robust critical minerals markets between Europe and China, enhancing their role in the development of secure and sustainable supply chains of critical minerals, including lithium, rubidium, strontium, and cesium. The initiative complements Condor’s existing projects in natural gas production and LNG transportation fuel, broadening their revenue streams and reinforcing their position as a key player in Central Asia’s energy and mineral sectors.
More about Condor Energies
Condor Energies Inc is a TSX-listed energy transition company focused on increasing natural gas and condensate production in Uzbekistan, developing Central Asia’s first LNG diesel substitution facility in Kazakhstan, and producing critical minerals from brines in Kazakhstan. The company is strategically positioned between European and Asian markets, aiming to enhance energy security and minimize environmental impact.
YTD Price Performance: -2.13%
Average Trading Volume: 59,662
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$124.1M
For an in-depth examination of CDR stock, go to TipRanks’ Stock Analysis page.