ATOME PLC (AIM:ATOM) has updated on its progress at the Villeta green fertiliser project, in Paraguay, early in what the company expects will be “a significant year”.
Villeta is to be developed into a 260,000 tonnes per year facility, and the company is currently working through a final checklist before that development gets the green light.
ATOME today highlighted its progress towards sealing the project financing.
Senior management recently visited Paraguay, engaging in meetings with government officials and international funding institutions. And, it highlighted the increased media coverage surrounding the project following these discussions.
ATOME said that various components of the project's complex financing structure are coming together. A further update is expected later in February.
“The detailed work on project finance continues and has gathered pace and traction since the New Year, with increasing board confidence on the part of ATOME,” it added.