REG - ATOME PLC - End of Year Update

AtomeAnnouncement

20/12/2024 07:00

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RNS Number : 8314Q  ATOME PLC  20 December 2024

 

For immediate release

20 December 2024

 

ATOME PLC

("ATOME" or the "Company")

 

End of year update

 

 

ATOME (AIM: ATOM), the leading developer of international green fertiliser
projects is pleased to provide an end of year update on its activities.

 

In relation to the 145MW Villeta green fertiliser project ("Villeta" or "the
Project"), favourable progress continues to be made with both project finance
equity and debt providers for inclusion in the second round of the
negotiations which will lead in the very near future to the final selection of
funding partners and the steps to completion of the project financing. In the
last 14 days, Peter Levine, Chairman of ATOME took the opportunity at a
face-to-face meeting of personally updating the President of Paraguay,
Santiago Pena, on progress on Villeta during the President's brief trip to
Paris on the occasion of the re-opening of Notre Dame.

 

ATOME expects that initial work on site in Villeta will commence in the first
part of Q1 2025 with certain land clearing works, a necessary first step to
construction commencement.

 

A number of other initiatives and active workstreams are underway on ATOME's
other projects, and ATOME plans to provide a full update during January.

 

Olivier Mussat, CEO of ATOME, commented:

 

"We end the calendar year in a strong position to commence construction and
deliver FID for our flagship Villeta green fertiliser project within the first
half of 2025.

 

"We anticipate regular newsflow will start next month with a detailed update
which will also include information on our growing pipeline of projects and
renewable power related initiatives.

 

"Closing the calendar year 2024, we view the future with confidence and on
behalf of the Board, I wish our hard-working teams and loyal shareholders a
Happy Christmas and to share with us in a successful new year."

 

 

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. It is in the early stages of developing a
significant green power generation and infrastructure business.

 

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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