End of Year Update

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 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. 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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