Audited Results for the year ended 31 December 2023

Operational Update

ATOME (AIM: ATOM), the only international green fertiliser project development company on the London Stock Exchange, with current large-scale projects in Latin America announces its audited results for the year ended 31 December 2023 and provides an operational update for FY 2024 year to date.

These financial statements follow only the second full year of operations and project development after joining the London Stock Exchange’s AIM market on 30 December 2021 and reflect another year of major progress which is projected to culminate later this year by the making of the Final Investment Decision (“FID”) on ATOME’s flagship project in Villeta, Paraguay together with the start of construction.

The Company’s Annual Report will be posted to shareholders on 28 June 2024 together with the Notice for the Annual General Meeting, further details of which are set out below.

Financial Highlights FY 2023

• Total comprehensive loss for the year ended 31 December 2023 was US$6.6 million (2022: US$5.9 million) with US$4.8 million (2022: Nil) of development costs capitalised
• ATOME raised further US$5.1 million during the year from the issue of ordinary shares to institutional and private investors
• The monies raised provided further working capital which has enabled ATOME to make the rapid progress achieved to date
• Mandate signed with IDB Invest, the multi-lateral private sector arm of the Inter-American Development Bank for funding of the Villeta project
• Natixis, the international financial adviser of ATOME commenced the financing process for Villeta
• Strong expressions of interest received from the multilateral and commercial banks to provide project financing for Villeta

Operational Highlights FY 2023 – Villeta

• The long term power purchase agreement (“PPA”) upgraded to 145MW
• 30 hectares of land purchased for facility
• Environmental and operating licenses granted
• Tax free zone granted
• Front End Engineering and Design (“FEED”) and Engineering Procurement and Construction (“EPC”) agreement progressed

Operational Highlights FY 2023 – Pipeline

• National Ammonia Corporation (“NAC”) formed as a joint vehicle for the 120MW Costa Rica project
• Pre-PPA signed for the 300MW Yguazu project, Paraguay

Operational Update H1 2024

• US$2.5 million placing in February/March 2024 and new shareholder facility put in place
• FEED Study completed
• EPC partners appointed
• Closing in on terms for offtake of all production from Villeta project
• ATOME targeting to finalise project finance funding for Villeta and start construction by end H2 2024

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