The Elkonsky MMC is included in the list of "pilot" organizations for IPO in accordance with the instruction of the President of the Russian Federation dated January 20, 2025. This is stated in the company's report.
A detailed action plan for the IPO has been developed. A proposal has been worked out to reduce the debt/EBITDA covenant to no more than 5x and maintain this level in the future, and is taken into account in the 2026-2030 business plan.
The conditions necessary to launch an IPO have been worked out, including, but not limited to: the application of IFRS for at least 3 years, the creation of relevant committees of the Board of Directors, as well as the transformation into a PJSC before the IPO.
The Company has developed a plan of compensating measures to improve key indicators of financial and economic activity and a program of financial rehabilitation. Based on the results of the implementation of the plan of compensating measures, a change in the ratio of net assets and authorized capital is predicted.
JSC "Elkonsky MMC" was established in 2007 to develop large deposits of the Elkonsky uranium ore district. He is currently engaged in the development of gold deposits in the Republic of Sakha (Yakutia) and the Chukotka Autonomous Region. It is planned to create one of the world's largest uranium mining enterprises based on the deposits of the Yuzhnaya zone.
The average annual number of employees in 2025 was 543, compared with 413 in the previous year.
The authorized capital as of December 31, 2025 is 3.33 billion rubles.
The main business entity is JSC Rosatom Nedra, which owns 100% of the Company's ordinary shares. The Company belongs to the organizations belonging to the Rosatom State Corporation group. The Company is controlled by the Rosatom State Corporation, and there are no individual beneficiaries.
The net loss of JSC Elkonsky MMC under RAS for 2025 amounted to 1.33 billion rubles against a loss of 754.655 million rubles a year earlier. Revenue increased by 58.8% to RUB 11.09 billion from RUB 6.986 billion. According to the data of the business plan for 2024-2028, the Company plans to receive a net profit from 2026.
The State Atomic Energy Corporation Rosatom is a multidisciplinary holding company that unites assets in the energy, mechanical engineering, and construction sectors. Rosatom's activities also include the production of innovative nuclear and non-nuclear products, carbon-free electricity, the development of scientific and technological potential, the development of the Northern Sea Route and environmental projects.
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