Business
Distribution of IM, Carbon Credits Identified
Distribution of IM, Carbon Credits Identified.
About this update from Atome Plc
[{"type":"text","content":"\n\n16 August 2023\n \nATOME ENERGY PLC\n(\"ATOME\", \"the Company\", or \"the Group\")\n \nDistribution of Information Memorandum for project financing\n \nGeneration of a significant amount of valuable carbon credits\n \nNew investor video and presentation released\n \nInvestor Meet Company Investor Presentation\n \nATOME (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.\n \nHighlights:\n \n· Information Memorandum (\"IM\") has been issued by Natixis Corporate & Investment Banking, ATOME's international financial adviser, to potential project financiers\n· Carbon footprint analysis indicates the availability of a significant amount of carbon credit revenue generation, with some 500,000 credits potential each year\n· Release of a new investor video and presentation on the Company's website\n· Management to present to all shareholders via Investor Meet Company on 6 September 2023\n \nDistribution of Information Memorandum\n \nATOME 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.\n \nThe 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...