Additional land optioned for the Villeta facility

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 Nikita Levine, Investor Relations	[phone] [e-mail]
Beaumont Cornish (Nominated Adviser) Roland Cornish, Michael Cornish	[phone]
Stifel (Broker) Jason Grossman, Ashton Clanfield	[phone]
SP Angel (Broker) Richard Hail, Caroline Rowe	[phone]
FTI Consulting (Communications Adviser) Elizabeth Adams, Ben Brewerton	[phone] [e-mail]

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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