REG - ATOME PLC - Villeta Project Update

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RNS Number : 2696R  ATOME PLC  02 February 2026

 

For immediate release

2 February 2026

 

 

ATOME PLC

("ATOME" or the "Company")

 

Villeta Project Update

 

ATOME (AIM: ATOM), the world-leading low-carbon fertiliser developer and the
UK's only dedicated international industrial scale low-carbon fertiliser
company, provides an update on its landmark US$630 million, 260,000
tonne-per-year low-carbon fertiliser plant at Villeta, Paraguay ("Villeta" or
"the Project").

 

 

Targeting Final Investment Decision ("FID")

 

Further to the Company's announcement of 18 December 2025, ATOME confirms that
finalisation of the definitive project financing documentation for the Villeta
Project is continuing with key stakeholders. Negotiations on lender
documentation are at a mature stage and ATOME is now focused on addressing the
outstanding points relating to the equity consortium documentation and
relevant logistics in order to move to execution.

 

Progress continues to be made and the Company is now targeting FID to be
achieved around the end of February 2026. This reflects the ongoing
substantial workstreams associated with the completion of such a complex
US$650 million, first-of-a-kind project finance.

 

ATOME and its project partners remain fully aligned on achieving FID at the
Villeta Project as soon as possible and a further update will be provided as
appropriate.

 

 

For further information on ATOME, please visit the Company's Curation Connect
showcase at: https://app.curationconnect.com/company/Atome-71605
(https://app.curationconnect.com/company/Atome-71605)

 

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, Jen Clarke
 FTI Consulting (Communications Adviser)  +44 (0) 20 3727 1000

                                        atome@fticonsulting.com (mailto: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. ATOME has now created its ATOME POWER division
which is in the early stages of developing a significant green power
generation and infrastructure business. ATOME's projects are situated at the
heart of one of the world's largest food export hubs - the Mercosur region in
the Southern Cone of South America with the Argentinian and Brazilian markets
next door. ATOME's production will disrupt the region's heavy dependence on
imported fossil fuel generated fertilizer, contributing to regional food
security goals.

 

ATOME's first project in Villeta, Paraguay, benefits from a 145MW renewable
power purchase agreement and a 30-hectare site in a tax-free zone, with an
option already secured to purchase an additional 13 hectares of adjacent land.
Front End Engineering Design studies have been completed and a 10-year
Definitive Offtake Agreement signed with Yara International, the leading
international fertiliser company, for offtake of all of Villeta's green
fertiliser production. In early 2025, ATOME announced Hy24, the leading clean
hydrogen asset manager, as anchor and lead equity investor in the project, and
confirmed the signing of the US$465 million fixed-price EPC contract with
leading ammonia and fertilizer engineering specialist Casale S.A. The Company
is now negotiating the project finance with a view to commencing work in 2025.
There is a further up to 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. Roughly a third of
human-caused GHG emissions is linked to food production according to UN data,
and fertiliser use and production is the source of more emissions than the
shipping and aviation industries combined. ATOME's green Calcium Ammonium
Nitrate product will contribute to decarbonising the food sector from the
bottom up, getting to the root of the food value chain's emissions. ATOME's
renewably-generated fertiliser is both clean and promotes high crop yields,
unlike conventional nitrogen fertiliser which has a heavy carbon footprint.

 

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.

 

-ends-

 

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