REG - ATOME PLC - Additional land optioned for the Villeta facility

AtomeAnnouncement

10/12/2024 07:00

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RNS Number : 4033P  ATOME PLC  10 December 2024

 

10 December 2024

 

ATOME PLC

("ATOME" or the "Company")

 

Additional land optioned for the green fertiliser Villeta facility

 

 

ATOME (AIM: ATOM), the leading developer of international green fertiliser,
announces steps to acquire further land in Paraguay to expand the footprint of
its Villeta Project, the green fertiliser production facility.

 

Additional Land

 

ATOME has taken an option to purchase 13 hectares (32 acres) of land
immediately next to its Villeta green fertiliser facility which would allow
the Villeta facility to expand its total site to 43 hectares (106 acres) of
contiguous area.

 

The option, exercisable until 31 May 2025, provides time for ATOME to perform
the necessary due diligence and paperwork and on exercise would be funded from
ATOME's existing resources.

 

The land has been slated to provide additional flexibility and permit greater
logistic efficiency as ATOME moves towards the construction phase.

 

 

For more information, please visit https://www.atomeplc.com or contact:

 

 

 ATOME PLC                                +44 (0) 113 337 2210
 Nikita Levine, Investor Relations
info@atomeplc.com

 Beaumont Cornish (Nominated Adviser)     +44 (0) 20 7628 3396
 Roland Cornish, Michael Cornish

 Stifel (Broker)                          +44 (0) 20 7710 7600

 Jason Grossman, Ashton Clanfield
 SP Angel (Broker)                        +44 (0) 20 3490 0470
 Richard Hail, Caroline Rowe
 FTI Consulting (Communications Adviser)  +44 (0) 20 3727 1000

                                        atome@fticonsulting.com
 Elizabeth Adams, Ben Brewerton

 

 

MAR

 

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon publication of this announcement, this inside information is
now considered to be in the public domain. The person who arranged for the
release of this announcement on behalf of the Company was Peter Levine,
Chairman.

 

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.

 

The first project is at Villeta in Paraguay. It benefits from a 145MW
renewable power purchase agreement and 30 hectares of land in a tax free zone.
Front End Engineering Design studies have been completed and Heads of Terms
signed with Yara, the leading international fertiliser company for offtake of
all of Villeta's production. The Company is now negotiating the project
finance with a view to  commencing work by end 2024. 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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