Atome (ATOM) Investor update summary

Project financing and strategic partnerships

• Secured full financing for the $665 million Villeta Project, marking a major milestone since inception in 2021, with project finance from leading development finance institutions and infrastructure funds.

• Raised GBP 25.6 million in equity, with significant participation from Casale and management.

• Project financing includes senior debt from global institutions like IDB Invest, IFC, EIB, FMO, and Green Climate Fund, totaling $420 million in senior and concessional debt and $245 million in equity.

• Equity partners include Hy24, IFDK, DEG, IFC, and Sudameris, aligning policy, capital, and local interests.

• Casale and Yara are key partners, providing EPC and long-term offtake agreements, respectively, with 100% of Villeta's 260,000 tpa production contracted to Yara under a minimum 10-year take-or-pay agreement.

Project execution and risk management

• Project is ready-to-build, with construction to begin imminently and early site works projected for H1 2026; first production targeted for 2029.

• Fixed EPC contract with Casale ensures cost and timeline certainty; all permits and land secured.

• Contingency funds and strict project management in place to address potential delays.

• Management team has deep experience and is financially aligned through direct investment.

• Oversight includes external consultants and owner's engineers to ensure quality and risk mitigation.

Market positioning and product advantages

• Villeta will produce 260,000 tons/year of low-carbon Calcium Ammonium Nitrate (CAN), displacing 500,000 tons of CO2 annually and supporting global food security and sustainability goals.

• Project is strategically located in Latin America, a major fertiliser import market with high demand, and offers a 113% cost advantage over Western European CAN exports to major Brazilian agricultural centers.

• CAN offers superior agronomic properties and cost parity with fossil-based imports.

• Long-term offtake with Yara provides downside protection and access to global green markets.

• Long-term 125MW hydropower PPA at ~$30/MWh secures a stable, low-cost base, 68% below European power prices.