Rusatom Overseas JSC and PJSC Seligdar signed an Agreement on the Supply and Consumption of Energy Generated by a Small Modular Reactor Nuclear Power Plant to develop the Kyuchus gold deposit in Ust-Yanskiy and Verkhoyanskiy districts of the Republic of Sakha in Yakutia in Russia. The agreement signed sets a 40-years period of electrical power supply provided by the first land-based SMR NPP in the world with a RITM-200N reactor, starting from June 30, 2028. The period of nuclear energy usage can be extended due to a high probability of the deposit’s reserves increase. The parties intend to sign a contract for energy supply before September 30, 2025. The SMR NPP commissioning is scheduled for 2028 in Ust-Kuiga town of the Ust-Yanskiy district of the Republic of Sakha.Seligdar PJSC will use at least 35 MW of nuclear-generated electrical energy in the Kyuchus deposit project, which is one of the Russia’s largest gold deposits with gold reserves exceeding 175 tons.The construction of a SMR NPP of Russian design that is planned in Yakutia, will employ the most advanced reactor plant RITM-200, which incorporates many years of operating experience of small reactors at the vessels of the Russian icebreaker fleet (more than 400 reactor-years). Six RITM reactors have already been manufactured and installed at three latest omni-purpose icebreakers. The on-land SMR NPP is designed to supply power to isolated energy grids or remote territories and consumers. It is characterized by compact and modular design, reduced construction time, and high safety standards. The construction of the plant will ensure an uninterrupted supply of clean energyKyuchus gold deposit is one of the largest in Russia The gold reserves amenable to open-pit mining comprise 70.9 tons of C1 reserves and 38.4 tons of C2 reserves, amenable to underground mining of 65.9 tons of C2 reserves; resources, 41.9 tons of P1 resources and 211.1 tons of P2 resources.