We intend to reduce by a certain amount the weight of energy industry assets in the consolidated balance sheet of ODAS Group, and instead increase the weight of precious and strategic metal mining and new technological investments in the balance sheet.
The goal by doing so is to create new opportunities at limited and measured risk levels, using precious and strategic metal mining and new technological investments, with the help of the stable cash facility provided by the energy industry assets generating conventional and fixed returns.
In this context, all shares of our subsidiary, Küçük Enerji Üretim ve Ticaret Ltd. Şti. have been sold at a price of USD 6.8 million.
As part of this strategy, with a view to filing new applications and acquiring new sites in precious metal mining, as well as introducing new technologies, an agreement for producing bacteria- and virus-repellent nanotechnology products has been made with a company from Israel, and it has been decided to limit this new production investment by a figure of USD 1 million.
Furthermore, in the context of precious metal mining projects, the work on the revision of the EIA License for Karaağaç Region, initiated to ensure better compliance with environmental requirements, is in progress. We will share any relevant updates with the public.
Respectfully submitted to the public.
