Proposed Villeta equity partners club confirmed

ATOME (AIM: ATOM), the world-leading low-carbon fertiliser developer and the UK's only dedicated international industrial scale low-carbon fertiliser company, is very pleased to announce that the proposed equity club consortium for the funding of ATOME's landmark US$630 million, 260,000 tonne-per-year low-carbon fertiliser plant at Villeta, Paraguay ("Villeta" or "the Project"), has been successfully constituted conditional only on final structuring and execution of definitive documentation at Final Investment Decision ("FID"), the negotiations of which are at an advanced stage.

Introduction

ATOME, in a first of a kind US$630 million green fertiliser project, has been methodically addressing the conditions necessary to expeditiously achieve Final Investment Decision ("FID").

The successful constitution of the equity funding portion of Villeta allows us to have a clear path to FID now targeted by the end of January 2026. The constituents of the oversubscribed debt portion of the funding package have already been finalised.

Both equity and debt will be in a special purpose vehicle ("SPV") for the Villeta Project with ATOME itself holding its interest in the SPV as well as its continuing pipeline of projects.

Equity Club Constitution

The constituents of the equity club funding portion for the Project, led by Hy24, the world's largest low-carbon hydrogen asset manager, includes substantial international institutions known for their expertise in investing in Latin America. ATOME benefits from the previously announced US$60 million pre-FID value in Villeta attributable to ATOME's continuing interest.

The constitution of the equity club demonstrates the confidence in ATOME to operate and deliver the landmark Villeta Project alongside its globally recognised project partners and strategic partners such as Yara International ASA and Casale S.A. As well as its significant shareholding interest in the Project, ATOME will manage the Villeta Project under a management services agreement.

Next Steps

ATOME is now finalising the financial structure and the negotiations of the definitive agreements with the equity and debt providers which represent the last steps prior to declaration by ATOME of FID.

In anticipation of FID, detailed engineering work is well underway both with our EPC contractors, Casale, and with ATOME's own internal engineering division which is expanding to ensure it is fit and ready for the tasks ahead.

Olivier Mussat, CEO of ATOME, commented:

"Following all the milestones delivered in 2025, notably the signings of the definitive EPC contract and Yara offtake agreements, marking the end of the technical and commercial project work, bringing a competitive debt financing led by multilateral banks and now the successful constitution of the equity participants, means that we are a short step away from bringing Villeta, the world's first dedicated industrial scale low-carbon fertiliser project, to reality.

"ATOME has a great opportunity to gain significant value above and beyond the pre-money valuation of Villeta and we note that current market forces for fertilisers are moving in a very encouraging direction for the prospects of the Company.

"With the key pieces now in place, we are focused on moving to close out FID and start building."

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