Business
Final Results
Final Results.
About this update from Atome Plc
[{"type":"text","content":"\n\n27 June 2024\n \nATOME PLC\n(\"ATOME\", \"the Company\", or \"the Group\")\n \nAudited Results for the year ended 31 December 2023\nOperational Update\n\n \nATOME (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.\n \nThese 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.\n \nThe 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.\n\n \nFinancial Highlights FY 2023\n \n\n\n\n\n●\n\n\nTotal 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\n\n\n\n\n●\n\n\nATOME raised further US$5.1 million during the year from the issue of ordinary shares to institutional and private investors\n\n\n\n\n●\n\n\nThe monies raised provided further working capital which has enabled ATOME to make the rapid progress achieved to date\n\n\n\n\n●\n\n\nMandate signed with IDB Invest, the multi-lateral private sector arm of the Inter-American Development Bank for funding of the Villeta project\n\n\n\n\n●\n\n\nNatixis, the international financial adviser of ATOME commenced the financing process for Villeta\n\n\n\n\n●\n\n\nStrong expressions of interest received from the multilateral and commercial banks to provide project financing for Villeta\n\n\n\n\n \nOperational Highlights FY 2023 - Villeta\n \n\n\n\n\n●\n\n\nThe long term power purchase agreement (\"PPA\") upgraded to 145MW\n\n\n\n\n●\n\n\n30 hectares of land purchased for facility\n\n\n\n\n●\n\n\nEnvironmental and operating licenses granted\n\n\n\n\n●\n\n\nTax free zone granted\n\n\n\n\n●\n\n\nFront End Engineering and Design (\"FEED\") and Engi...