Ideal Group of Companies Acquires Bolivian Gold Concession, Positions for Precious Metals Demand Surge
June 18th, 2026 12:00 PM
By: Newsworthy Staff
Ideal Group of Companies, Inc. (OTC: IDGR) completed the acquisition of the El Quizer gold concession in Bolivia, gaining a 675-hectare permitted mine with estimated 210,000 ounces of gold in stockpiles, as global demand for gold and PGMs rises from AI, clean energy, and central bank purchases.

Ideal Group of Companies, Inc. (OTC: IDGR) today announced the completion of its strategic acquisition of the El Quizer Mining Administrative Contract, a fully permitted 675-hectare gold concession in Bolivia's Precambrian Shield. The transaction positions IDGR as an emerging participant in the precious metals sector at a time when gold and platinum group metals (PGMs) are structurally critical to technology industries.
The El Quizer contract (Contract No. AJAM/DDSC/CAM/00023/2017) was issued by Bolivia's Autoridad Jurisdiccional Administrativa Minera (AJAM) and grants full mining rights over a 30-year term, renewable for an additional 30 years. The concession covers 27 grids in the Municipality of San Ramon, accessible via 185 kilometers of paved highway from Santa Cruz de la Sierra and 11 kilometers of gravel road. All permits, environmental licenses, and mining registrations are current.
El Quizer lies within the Precambrian Shield, a geological terrane larger than Canada's Abitibi Greenstone Belt, which has produced over 170 million ounces of gold since 1901. In contrast, the Bolivian Shield has yielded fewer than 10 million ounces due to limited capital investment. The property is adjacent to the historically producing Puquio Norte Mine, which yielded over 300,000 ounces of gold from surface saprolite between 1996 and 2001. Recent field sampling of newly identified veins within El Quizer returned assay values of 4.98 and 8.61 grams of gold per tonne.
Independent analysis identified significant mineral resources: 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 with a 12-year mine life at 2,000 tonnes per day processing; 2 million metric tonnes of sulfide stockpiles at 0.7 g/t gold with potential PGMs and base metals; 10 million metric tonnes in virgin primary formations at 2.5 g/t gold pending drilling; and new gold-bearing veins measuring 4 meters wide across a 2-kilometer strike length. Preliminary analyses also indicate PGMs including palladium, iridium, and rhodium, consistent with regional British Geological Survey data.
The global economy's structural transformation—driven by artificial intelligence, high-performance computing, electric mobility, and next-generation communications—is increasing demand for precious metals. Gold's electrical conductivity makes it irreplaceable in semiconductor packaging and CPU bonding wires, with hyperscale AI data centers projected to exceed $1 trillion in capital expenditure over five years. Central bank demand reached 4,740 tonnes in 2022, the highest since 2011, according to the World Gold Council. PGMs such as palladium, rhodium, and iridium are essential for hydrogen fuel cells, catalytic converters, and green hydrogen production via PEM electrolyzers. Defense and aerospace applications further expand demand.
Ideal Group is committed to responsible mining at El Quizer, with a framework eliminating mercury and cyanide, implementing closed-loop water recycling, using renewable energy, prohibiting indiscriminate deforestation, and engaging with local communities. "The El Quizer acquisition puts us in the right place at the right time," said CEO Charles Cardona. "We hold a permitted, legally contracted gold asset in a jurisdiction seeking foreign investment—at the precise moment when these metals are indispensable to AI infrastructure, clean energy, and advanced manufacturing."
The El Quizer contract is held under Bolivian Mining Law No. 535 and approved by the Plurinational Legislative Assembly under Law No. 1022. Geological studies of the San Ramón district have been conducted by the British Geological Survey, SERGEOTECMIN, and independent researchers since 1976. For more information, visit idealgroupcorp.com.
Source Statement
This news article relied primarily on a press release disributed by NewMediaWire. You can read the source press release here,
