Ideal Group of Companies, Inc. (OTC: IDGR) has completed its acquisition of the El Quizer Mining Administrative Contract, a fully permitted 675-hectare gold concession in Bolivia's Precambrian Shield. The deal, announced June 18, 2026, positions IDGR as an emerging player in the precious metals sector at a time when gold and platinum group metals (PGMs) are increasingly vital to technology industries.
The El Quizer contract, issued by Bolivia's Autoridad Jurisdiccional Administrativa Minera (AJAM), grants full mining rights for 30 years, renewable for another 30 years. The concession is located in the Nuflo de Chavez Province, Santa Cruz Department, accessible via paved highway and gravel road from Santa Cruz de la Sierra, Bolivia's largest commercial hub. All permits, environmental licenses, and mining registrations are current.
Bolivia's Precambrian Shield, geologically larger than Canada's Abitibi Greenstone Belt, has produced less than 10 million ounces of gold despite its mineral wealth. El Quizer's orogenic greenstone mineralization is comparable to prolific deposits in Canada, West Africa, and Australia. The property sits adjacent to the historic Puquio Norte Mine, which yielded over 300,000 ounces from surface saprolite between 1996 and 2001. Recent sampling at El Quizer returned assay values of 4.98 and 8.61 grams of gold per tonne from newly identified veins.
Independent estimates from 2022 identify 8 million metric tonnes of primary oxide stockpiles at an average grade of 1.0 g/t gold, representing approximately 210,000 ounces. These stockpiles, left by former operator COMSUR, offer a near-term production opportunity with an estimated 12-year mine life at 2,000 tonnes per day. Additionally, 2 million metric tonnes of sulfide stockpiles at 0.7 g/t gold contain potential PGMs and base metals. Virgin primary formations are estimated at 10 million metric tonnes at 2.5 g/t gold, pending drilling. A new vein discovery with widths of 4 meters over a 2-kilometer strike length assays between 4.98 and 8.61 g/t gold. Preliminary XRF and cupellation analyses also indicate PGMs such as palladium, iridium, and rhodium, subject to formal confirmation.
The global demand for precious metals is surging due to structural shifts in technology and finance. Gold's conductivity makes it irreplaceable in semiconductors and AI data centers, where capital expenditure is projected to exceed $1 trillion over five years. Central bank gold purchases hit a record 4,740 tonnes in 2022 as institutions hedge against inflation. PGMs like palladium, rhodium, and iridium are essential for hydrogen fuel cells, catalytic converters, and green hydrogen production via PEM electrolyzers. Defense and aerospace applications also rely on high-purity gold and PGMs.
Ideal Group plans to operate El Quizer under a green mining framework that eliminates mercury and cyanide, uses closed-loop water recycling, incorporates renewable energy, prohibits deforestation, and engages local communities. CEO Charles Cardona stated, '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.'
The El Quizer contract is held under Bolivian Mining Law No. 535 and approved by the Plurinational Legislative Assembly. Geological studies of the district have been conducted by the British Geological Survey and other agencies since 1976. Ideal Group, headquartered in Anderson, South Carolina, also operates through its Oxygen Mortgage and Hospitality Development Group divisions.
