Progress Report on Villeta, Paraguay Project
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:
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ATOME PLC
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+44 (0) 113 337 2210 |
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Beaumont Cornish (Nominated Adviser)
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+44 (0) 20 7628 3396 |
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Stifel (Joint Broker) Jason Grossman, Ashton Clanfield |
+44 (0) 20 7710 7600 |
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SP Angel (Joint Broker) |
+44 (0) 20 3490 0470 |
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FTI Consulting (Communications Adviser) Elizabeth Adams, Ben Brewerton |
+44 (0) 20 3727 1000 |
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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