REG - ATOME PLC - Progress Report on Villeta, Paraguay Project

AtomeAnnouncement

05/02/2025 07:00

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RNS Number : 9195V  ATOME PLC  05 February 2025

 

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

 Jason Grossman, Ashton Clanfield
 SP Angel (Joint 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

 

 

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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