ATOME Energy PLC's (AIM:ATOM) recent fundraising should give it the financial capacity to cover development expenses at its projects in Paraguay until 2024, according to analysts at 'house' broker Liberum.
New equity issued at 106.2p raised £3.74mln, while ATOME's existing £3mln standby facility was extended.
The funds will further expedite the development of the recently upgraded 120MW Villeta project, which is expected to be the largest dedicated green ammonia facility in Latin America by the time it is operational in 2025.
'Buy' with a 180p share price target is the Liberum- analysts' view.
Shares are trading at 105.5p.