TIDMATOM
RNS Number : 4253J
ATOME Energy PLC
16 August 2023
16 August 2023
ATOME ENERGY PLC
("ATOME", "the Company", or "the Group")
Distribution of Information Memorandum for project financing
Generation of a significant amount of valuable carbon
credits
New investor video and presentation released
Investor Meet Company Investor Presentation
ATOME (AIM: ATOM), the only international green hydrogen,
ammonia, and fertiliser project development company on the London
Stock Exchange, with current large-scale projects in Latin America
and Europe, as well as hydrogen mobility projects, announces an
update on the financing of its Phase 1 Villeta project ("the
Project") as well as the emissions saving impact of the
Project.
Highlights:
-- Information Memorandum ("IM") has been issued by Natixis
Corporate & Investment Banking, ATOME's international financial
adviser, to potential project financiers
-- Carbon footprint analysis indicates the availability of a
significant amount of carbon credit revenue generation, with some
500,000 credits potential each year
-- Release of a new investor video and presentation on the Company's website
-- Management to present to all shareholders via Investor Meet Company on 6 September 2023
Distribution of Information Memorandum
ATOME is pleased to advise that Natixis Corporate &
Investment Banking, acting as international financial adviser to
the Project, has issued an Information Memorandum on the Company's
behalf, and a virtual data-room has been opened to provide access
to numerous parties who have registered their interest in the
financing of the Project which will deliver 100% green fertiliser
to both South American and European markets. The IM contains key
information on all aspects of the Project and is a material step
towards securing project level funding in order to provide the
Company with the optimum funding solution, including with IDB
Invest, the Washington DC based multilateral for the Americas,
already onboard with a signed mandate.
The IM is accompanied by a new investor video, a version of
which is available on the Company's website, along with a new
corporate presentation, detailing the history and rationale of the
Project, together with interviews with the CEO and other members of
the executive team. The video also previews the schematics of the
world's first, 100% renewable energy powered, green calcium
ammonium nitrate ("CAN") production facility at Villeta.
https://www.atomeplc.com/media/
The work towards Final Investment Decision ("FID") is
progressing in line with expectations, with engineering,
procurement, and construction discussions with contractors, the
Environmental and Social Impact Assessment ("ESIA"), and positive
discussions with potential offtakers, all advancing well in
parallel with FID remaining on schedule for Q4 2023.
Carbon Credits
Initial carbon footprint analysis indicates a potential
displacement of some 500,000 tons of carbon dioxide-equivalent
("CO(2) -eq") each year from the production of green CAN fertiliser
at Villeta when compared to the production and use of "grey" CAN
made from fossil-fuels. This analysis was performed according to
IPCC and GHG Protocol guidelines and is subject to verification by
an independent third-party.
As a result, the Company estimates that it has the potential to
generate approximately 500,000 valuable carbon credits each year.
Over a 25-year lifetime, this represents over 12 million credits
generated, i.e., CO(2) -eq displacement, being the equivalent of
offsetting the annual emissions from 2.7 million passenger cars on
the road.
The value of the credits will be verified subsequently by a
third party as this price is dependent on future market conditions,
like any commodity. For reference, carbon pricing under the
European Union Emissions Trading System ("EU ETS") compliance
market is regularly trading between EUR80 and EUR100 per ton. From
2026, the introduction of the Carbon Border Adjustment Mechanism
("CBAM") in the EU will require importers of hydrocarbon-based
ammonia and fertiliser to buy certificates corresponding to such EU
ETS pricing.
Investor Meet Company Presentation
ATOME is pleased to announce that Olivier Mussat, Chief
Executive Officer of ATOME, will provide a live presentation via
the Investor Meet Company platform on 6 September 2023 at 11:00am
BST.
The presentation is open to all existing and potential
shareholders. Questions can be submitted pre-event via your
Investor Meet Company dashboard up until 9am the day before the
meeting or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add
to meet ATOME's senior management team via:
https://www.investormeetcompany.com/atome-energy-plc/register-investor
Investors who already follow ATOME Energy PLC on the Investor
Meet Company platform will automatically be invited.
Olivier Mussat, CEO, commented:
"Our Phase 1 Villeta project has clear sustainable development
impacts, creating local employment, value for Paraguay, and
reducing greenhouse gas emissions in the agricultural sector. With
increasing climate pressure on the fertiliser sector, the initial
analysis of the potential carbon credits generation suggests a
potential significant stream of value-added revenue creation.
"The issue of the IM to the interested funding parties is
another major step towards FID being delivered as projected in Q4
of this year.
"Our Project will, in the opinion of the directors, produce the
world's most affordable green fertiliser by the end of 2025. In
this regard, our green CAN will not only service the South American
market but also much nearer home will be able to service the
farmers in the United Kingdom and Ireland, as well as continental
Europe, where our detailed research and discussions indicates
significant market demand for our product.
"We look forward to continuing the development of the project
with our stakeholders."
For more information, please visit https:// www.atomeplc.com or
contact:
ATOME Energy PLC +44 (0) 113 337 2210
Nikita Levine, Investor Relations info@atomeplc.com
Beaumont Cornish (Nominated Adviser)
Roland Cornish, Michael Cornish +44 (0) 20 7628 3396
Liberum (Joint Broker)
Scott Mathieson, Kane Collings +44 (0) 20 3100 2000
SP Angel (Joint Broker)
Richard Hail, Harry Davies-Ball +44 (0) 20 3490 0470
finnCap (Joint Broker)
Christopher Raggett, George Dollemore +44 (0) 20 7220 0500
Tavistock (Financial PR and IR) +44 (0) 20 7920 3150
Simon Hudson, Rebecca Hislaire, Charles atome@tavistock.co.uk
Baister
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 Energy PLC is an AIM listed company targeting green
hydrogen, ammonia, and fertiliser production with over 600-megawatt
of projects in Paraguay, Iceland, and Central America.
Since its admission to AIM in December 2021 ATOME has signed its
first electrolyser purchase order for its hydrogen transport
Mobility Division due to start generating revenue in 2023 and
signed a 145MW power purchase agreement with ANDE, the state energy
company in Paraguay for production of green ammonia to produce
industrial scale premium value green fertiliser in 2025. It has
procured 30 hectares of land in Villeta, Paraguay for that
facility, mandated Natixis Corporate & Investment Banking and
the multilateral IDB Invest to lead the project funding and the
FEED study is currently underway with the international companies
Urbas and Casale.
In December 2022, ATOME entered into a joint venture with
Cavendish, the renewable energy arm of the substantial and
well-established Purdy Group based in Costa Rica and formed The
National Ammonia Corporation S.A, which is owned equally by ATOME
and Cavendish.
ATOME is in the process of operational planning, sourcing and
negotiations with green electricity suppliers, equipment providers
and offtake partners, including signed memoranda of understanding
and cooperation agreements in place with key parties, to use
electricity generated from existing geothermal sources in Iceland
and hydroelectric power in Paraguay and Costa Rica. 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, Trafigura, one of the
world's leading commodity and logistics company, and Schroders, a
leading fund manager, and from May 2023, Baker Hughes, a global
energy technology company operating in the energy and industry
sectors.
Forward Looking Statements
Certain statements in this announcement are or may be deemed to
be forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe"
"could" "should" "envisage" "estimate" "intend" "may" "plan" "will"
or the negative of those variations or comparable expressions
including references to assumptions. These forward-looking
statements are not based on historical facts but rather on the
Directors' current expectations and assumptions regarding the
Company's future growth results of operations performance future
capital and other expenditures (including the amount. Nature and
sources of funding thereof) competitive advantages business
prospects and opportunities. Such forward looking statements re ect
the Directors' current beliefs and assumptions and are based on
information currently available to the Directors. A number of
factors could cause actual results to differ materially from the
results discussed in the forward-looking statements including risks
associated with vulnerability to general economic and business
conditions competition environmental and other regulatory changes
actions by governmental authorities the availability of capital
markets reliance on key personnel uninsured and underinsured losses
and other factors many of which are beyond the control of the
Company. Although any forward-looking statements contained in this
announcement are based upon what the Directors believe to be
reasonable assumptions. The Company cannot assure investors that
actual results will be consistent with such forward looking
statements.
-ends-
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