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Atome Energy PLC ( (GB:ATOM) ) has issued an update.
ATOME PLC has announced favorable progress on its 145MW Villeta green fertilizer project in Paraguay, with ongoing negotiations for project finance expected to lead to the selection of funding partners soon. Initial land clearing work is set to begin in early 2025, marking the first step towards construction. The company plans to provide further updates on its projects in January, with a strong outlook for delivering the Final Investment Decision by mid-2025. The end-of-year statement reflects ATOME’s confidence in its future operations, signaling robust activity in its development pipeline and renewable initiatives.
More about Atome Energy PLC
ATOME PLC is an AIM-listed company focusing on green fertilizer production, with 445-megawatt projects in Paraguay and additional potential projects in Central America. The company is in the early stages of developing a substantial green power generation and infrastructure business. Its first project is at Villeta in Paraguay, supported by a 145MW renewable power purchase agreement, and located in a tax-free zone. ATOME has signed agreements with Yara for the offtake of all production and is negotiating project finance to commence work. The company emphasizes 100% renewable power and strategic site locations near power, water sources, and export facilities.
YTD Price Performance: -34.93%
Average Trading Volume: 85,539
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £23.04M
For a thorough assessment of ATOM stock, go to TipRanks’ Stock Analysis page.
