Bullboard - Stock Discussion Forum Condor Energies Inc CNPRF

Primary Symbol: T.CDR

Energy Oil & Gas E&P

Condor Energies Inc. is an international, independent producer, developer and explorer of oil and gas company. The Company has a producing gas asset, an ongoing initiative to construct and operate Central Asia’s liquefied natural gas (LNG) facility to develop and produce lithium brine and another initiative focused on gas field redevelopments in the Republic of Kazakhstan. It has interest in... see more

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Condor Energies Inc > Condor Receives Its First Lithium Brine Mining License

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Post by Betteryear2 on Aug 01, 2023 7:42pm

Condor Receives Its First Lithium Brine Mining License

CALGARY, Alberta, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR), a Canadian based energy transition company is pleased to announce that the Government of Kazakhstan has awarded the Company a contiguous 37,300-hectare lithium brine mining license in Kazakhstan (the “First Lithium License”). Condor holds the 100% working interest in the First Lithium License for a six-year term.

Condor Receives Its First Lithium Brine Mining License in (globenewswire.com)

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Comment by alpha74 on Aug 02, 2023 1:25am

Great news ! This should lead to a further revaluation of the stock.

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Comment by sequen on Aug 02, 2023 6:22am

Great for us !!! I quote Elon Musk at some point the lithium will be scarce "If we look into the future for a few years, a fundamental bottleneck in the further development of electric vehicles is the availability of lithium in battery quality," said the Tesla boss at the event. The processing is like "a license to print money" with margins as in the software business.

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