For
immediate release
5 February
2025
ATOME PLC
("ATOME"
or the "Company")
Progress Report on Villeta,
Paraguay Project
ATOME (AIM: ATOM), the leading
developer of international green fertiliser projects, is pleased to
provide a further interim progress report on its flagship 260,000
tonnes p.a. green fertiliser project in Villeta,
Paraguay.
The detailed work on project finance
continues and has gathered pace and traction since the New Year,
with increasing Board confidence on the part of ATOME.
ATOME notes the extensive media
coverage in Paraguay following a visit to the country by ATOME
senior management and the project's offtake partner. The visit
included successful meetings with senior Ministerial
representatives of the Paraguay Government, as well as
international funding institutions who are part of ATOME's funding
consortium.
The various parts of the complex
project finance arrangements are coming together, with significant
progress made on multiple workstreams. A further update is expected
to be issued this month.
2025 promises to be a significant
year for ATOME.
For
more information, please visit https://www.atomeplc.com or contact:
|
ATOME PLC
Nikita Levine,
Investor Relations
|
+44 (0) 113 337 2210
info@atomeplc.com
|
|
Beaumont Cornish (Nominated Adviser)
Roland Cornish, Michael Cornish
|
+44 (0) 20 7628 3396
|
|
Stifel (Joint Broker)
Jason Grossman, Ashton
Clanfield
|
+44 (0) 20 7710 7600
|
|
SP
Angel (Joint Broker)
Richard
Hail, Caroline Rowe
|
+44 (0) 20 3490 0470
|
|
FTI
Consulting (Communications Adviser)
Elizabeth Adams, Ben
Brewerton
|
+44 (0) 20 3727 1000
atome@fticonsulting.com
|
About ATOME
ATOME PLC is an AIM-listed company
targeting green fertiliser production with 445-megawatt of projects
in Paraguay and a further pipeline of potential projects in Central
America.
ATOME's first project in Villeta,
Paraguay, benefits from a 145MW renewable power purchase agreement
and 43 hectares of land in a tax-free zone. Front End Engineering
Design studies have been completed and Heads of Terms signed with
Yara International, the leading international fertiliser company,
for offtake of all of Villeta's green fertilizer production. The
Company is now negotiating the project finance with a view to
commencing work in early 2025. There is a further 300MW of
renewable power reserved for ATOME in Paraguay.
In Costa Rica, The National Ammonia
Corporation S.A. was formed in 2022 with local partner Cavendish
S.A. based in Costa Rica to develop green fertiliser projects for
the region. As well as straddling the Pacific and Atlantic Oceans,
Costa Rica is a democratic Central American country. In
agriculture, Costa Rica is the second largest supplier of
pineapples in the world and is in the top ten banana
growers.
All power for ATOME is from 100%
renewable sources and all chosen sites are located close to the
power and water sources and export facilities to serve significant
domestic and then international demand.
The Company has a green-focused
Board which is supported by major shareholders including Peter
Levine, Schroders, a leading fund manager, and Baker Hughes, a
global technology company operating in the energy and industry
sectors.
Other
information
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's
Nominated Adviser and is authorised and regulated by the FCA.
Beaumont Cornish's responsibilities as the Company's Nominated
Adviser, including a responsibility to advise and guide the Company
on its responsibilities under the AIM Rules for Companies and AIM
Rules for Nominated Advisers, are owed solely to the London Stock
Exchange. Beaumont Cornish is not acting for and will not be
responsible to any other persons for providing protections afforded
to customers of Beaumont Cornish nor for advising them in relation
to the proposed arrangements described in this announcement or any
matter referred to in it.
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