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LONDON - ATOME PLC (AIM:ATOM) issued a correction Friday to its half-year 2025 results announcement, clarifying that it has signed Heads of Terms with Yara International for an offtake agreement rather than a Definitive Offtake Agreement as previously stated.
The company, which develops low-carbon fertilizer projects, noted that the Definitive Offtake Agreement is yet to be announced, though it expects to make an announcement "in the coming weeks."
All other details in ATOME’s unaudited half-year results remain unchanged. The company reported a loss of $3.1 million for the six months ended June 30, 2025, compared to a $2.8 million loss in the same period of 2024.
ATOME highlighted several operational achievements during the first half of 2025, including securing Hy24 as anchor investor for its Villeta project in Paraguay with Heads of Terms for a contemplated $115 million investment. The company also signed a $465 million fixed-price EPC contract with Casale and created ATOME POWER, a new division focused on developing solar generation in Paraguay.
CEO Olivier Mussat stated that ATOME has made "considerable progress" in the first half of the year and expects the Villeta project to be "the largest low-carbon fertiliser production facility in the world when it comes on stream."
The company is targeting Final Investment Decision and commencement of construction on the Villeta project before the end of 2025, according to the press release.
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