Ideal Group of Companies, Inc. (OTC: IDGR) has completed the acquisition of the El Quizer Mining Administrative Contract, a fully permitted 675-hectare gold concession in Bolivia's Precambrian Shield, the company announced today. The transaction positions IDGR as an emerging player in the global precious metals sector, at a time when gold and platinum group metals (PGMs) are increasingly critical to technology industries.
The El Quizer concession, located in the Nuflo de Chavez Province, Santa Cruz Department, carries a 30-year mining rights term renewable for an additional 30 years. The property is accessible via paved highway and gravel road from Santa Cruz de la Sierra, Bolivia's largest commercial hub, with all required permits and environmental licenses in force.
Independent estimates indicate significant mineral resources on the property, including approximately 8 million metric tonnes of primary oxide stockpiles at an average grade of 1.0 g/t gold, representing an estimated 210,000 ounces of contained gold. Additionally, the concession hosts sulfide stockpiles and virgin primary formations, with a newly discovered vein system returning assay values of 4.98 and 8.61 g/t gold. Preliminary analyses also suggest the presence of platinum group metals including palladium, iridium, and rhodium, subject to formal laboratory confirmation.
The acquisition aligns with growing demand for precious metals across multiple sectors. Gold is essential in semiconductor packaging and high-frequency connectors for AI data centers, while central bank purchases hit record levels in 2022 amid persistent inflation. PGMs are critical for hydrogen fuel cells, catalytic converters, and defense applications. The company notes that the convergence of AI infrastructure build-out, energy transition demand, and monetary safe-haven buying has created a structural supply deficit expected to persist for decades.
Ideal Group has committed to responsible mining practices at El Quizer, including elimination of mercury and cyanide, closed-loop water recycling, renewable energy use, and community engagement. “The El Quizer acquisition puts us in the right place at the right time,” said Charles Cardona, CEO. “We hold a permitted, legally contracted, geologically compelling gold asset in a jurisdiction actively seeking responsible foreign investment at the precise moment when the metals this property contains have become indispensable to AI infrastructure, clean energy, and advanced manufacturing.”
For more information, visit idealgroupcorp.com.
