In line with Margün Enerji Üretim Sanayi ve Ticaret A.Ş.`s objective of increasing its investments in the field of renewable energy, during 2025 our Company acquired 100% of the shares of RSC Elektrik Üretim İnşaat Turizm A.Ş., which had been developed within the scope of the Electricity Market Licensing Regulation and which includes the RSC-1 Seferihisar Geothermal Power Plant with an installed capacity of 12 MWm.
Pursuant to the decision of our Board of Directors dated 08.07.2025, an application was submitted on the same date to the Energy Market Regulatory Authority (EPDK) for the establishment of a 5.4 MWm hybrid solar power plant (SPP) integrated into the 12 MWm RSC-1 Seferihisar Geothermal Power Plant.
Within the framework of our Board of Directors` decision dated 11.07.2025, it was resolved to authorize our Company`s General Manager, Mr. Sami Özgür BOSTAN, to investigate the following additional revenue-generating investment areas:
- Conducting resource analyses and feasibility studies regarding the recovery of valuable metals from geothermal fluid, and developing sales operations in this respect,
- Carrying out the necessary research and analysis regarding the extractability of lithium, an element used in battery technologies, and, if sufficient value is found, establishing a separation facility and commencing the sale of lithium.
Regarding the research of the additional revenue-generating investment areas mentioned above, according to the Critical Mineral Assessment of the Seferihisar Geothermal Field report prepared by İzmir Institute of Technology (iYTE):
İzmir Institute of Technology (iYTE) is conducting a series of studies to identify and develop the |||critical minerals||| potential in the Seferihisar geothermal field. These studies are being carried out within the scope of an EU project in which iYTE is a partner. Numerical and geochemical modeling studies related to the field are ongoing. The project aims to obtain information on the geological and geochemical controls of critical mineral enrichment and to assess the long-term sustainability of critical mineral extraction. Measurements in the field indicated lithium (Li) content values ranging between 11.7 ppm and 14.1 ppm.
In the Conclusions and Recommendations section of the report, it was stated that the RSC geothermal fluid contains, on average, approximately 13 ppm of lithium (Li), and that conducting R&D studies on Li in this fluid is of great importance.
It has been resolved to initiate detailed studies and research on the recovery of lithium (Li) from RSC geothermal fluid, where concentrations are above average and enrichment opportunities exist, and to commence feasibility studies for the commercialization of lithium extraction.
The planned lithium recovery and enrichment investment will not be carried out as lithium mining, but solely through the method of separating the lithium mineral present in the water of RSC Electric Company`s existing wells, directly at the wellhead.
Respectfully submitted to the public and our investors.,
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
