Atome Share Discussion Threads

[vitamin_g] 28/11/2023 08:52

Makes sense. I think they said from the start the cph2 tech was always for the mobility project. Suspect now that if fertiliser is the big prize they might use ITM or another large manufacturer. Let's see

[mcunliffe1] 28/11/2023 08:47

There's a bit of a whiff here, and it isn't ammonia.

[bbd2] 28/11/2023 08:32

Seems a sensible move and the exit negotiated very amicably.
The following snippet is encouraging too, with regards to Valleta:
“ and indicative offers for the debt funding of such project pointing to substantial oversubscriptionR21;.

[barony] 28/11/2023 08:28

How will Atome produce H2 without cPH2 electrolysers? Nice that we have $300k back in the bank, but will we need 600 x $300k for our planned 600MW consumption? Will we use electrolysers made under licence in Paraguay by our sister company, or will we use larger ones, like ITM 20MW models?

[all in eol] 28/11/2023 07:07

28 November 2023

ATOME ENERGY PLC

("ATOME", "the Company", or "the Group")

Update on Mobility Division

ATOME Energy (AIM: ATOM), the only international green fertiliser project development company on the London Stock Exchange, notes the RNS announcement made by Clean Power Hydrogen Plc ("CPH2") today in relation to the previous production order made by the Company in March 2022. This order was for a 1MW electrolyser from CPH2 slated at that time for a hydrogen mobility project of ATOME.

Since that time in March 2022, ATOME's focus has transitioned to large scale green fertiliser projects which now extend to some 650MW of 100% renewable power across its portfolio, principally in Latin America. In particular, the 145MW Villeta project in Paraguay with its 24/7 baseload power from the grid has now developed into a major project on its own with FEED study (Front End Engineering Design) nearing completion, substantive discussions with EPC contractors at an advanced stage and indicative offers for the debt funding of such project pointing to substantial oversubscription.

The former mobility project is now seen as a diversion from ATOME's core focus on delivering industrial scale green fertiliser, where the Company will be one of the first in the marketplace to meet existing demand in both South America and Europe from 2025. Accordingly, as the CPH2 electrolyser for the mobility project has not yet been delivered, the Company has mutually agreed to cease the order without penalty or other payout to CPH2. This allows CPH2 to concentrate on near home markets and its current partner licences. The deposit of US$300,000 has been returned to ATOME.

Relations with CPH2 remain good and ATOME is pleased to note the announcement made today in relation to electrolysers of CPH2 by G-Mobility, a subsidiary of Green House Capital, currently part of Molecular Energies PLC. The potential for hydrogen mobility in Paraguay remains valid and ATOME looks forward to seeing hydrogen fuelled trucks transporting its products in South and Central America.

Olivier Mussat, CEO, commented:

"With green fertiliser now firmly at the core of ATOME's strategy, the mutual termination of the arrangements with CPH2 allows ATOME to mobilise all its resources and energy on its world class green fertiliser business whilst permitting CPH2 to concentrate on its home markets."

[all in eol] 28/11/2023 07:05

28 November 2023

MOLECULAR ENERGIES PLC

("MEN" or the "Company")

Agreement signed between G-Mobility and Clean Power Hydrogen

Molecular Energies (AIM: MEN), the international energy company, provides an update relating to G-Mobility and CPH2.

G-Mobility, a subsidiary of Green House Capital, the green division of Molecular which is progressing a spin out and IPO notes the RNS announcement of Clean Power Hydrogen PLC ("CPH2") made today in relation to a non-binding framework agreement having been signed between G-Mobility and CPH2.

Under the non-binding framework agreement the parties will explore a licensing arrangement for the manufacture and sale of CPH2's electrolysers in the Mercosur trading bloc of countries in South America.

G-Mobility believes there is a significant market opportunity for the supply of domestically produced electrolysers in the large Mercosur trading bloc including Brazil, Paraguay, Uruguay and Argentina, and this agreement is enhances the ability of G-Mobility to be a key player in this market.

[all in eol] 24/11/2023 07:04

ATOME Energy PLC

24 November 2023




24 November 2023

ATOME ENERGY PLC

("ATOME", "the Company", or "the Group")

Director / PDMR Shareholding Transaction

ATOME Energy (AIM: ATOM) ("ATOME"), the only international green fertiliser project development company on the London Stock Exchange, gives notice of a Director / PDMR transaction.

Peter Levine, Chairman, has as part of his continued estate planning today transferred in an off-market transaction 500,000 ordinary shares in the Company ("Ordinary Shares") at nil consideration from shares held directly, as follows:

a. 400,000 of the Ordinary shares to the Peter Levine Foundation, in which neither Peter Levine nor any members of his family are beneficially interested and whose principal objectives are for promoting education and the welfare of the young and,


b. 100,000 of the Ordinary shares to members of his direct family.
The Ordinary Shares transferred represent 1.24% of the issued share capital of the Company.

Following the transfers, Peter Levine is now beneficially interested in 7,731,962 Ordinary Shares representing 19.17% of the issued share capital of the Company comprising 1,643,066 Ordinary Shares held directly, a further 2,530,000 Ordinary Shares held in trust for the benefit of Peter Levine by Alpha and 3,558,896 Ordinary Shares held by PLLG Investments Limited (which is wholly owned by PLLG Nominees Limited, all of which is held in trust for Peter Levine).

In addition, IYA Global Limited ("IYA"), a company ultimately beneficially owned by Peter Levine, has the right at any time up to 31 December 2025 to call upon Molecular Energies plc to transfer to IYA or as IYA may direct 2,038,038 ordinary shares in ATOME at a price of GBP1.062p per share.

[chris cat] 23/11/2023 15:57

Cheers Mcunliffe1....quite an overhead to carry, I assume the increase in 2022 is because 2021 wasn't a full operating year.

[mcunliffe1] 23/11/2023 14:33

Perhaps because little appears to be happening.
They will be burning through the cash though.

The plan is to be funded sufficiently by Dec 2024 in order to achieve cash generative production in 2025. If not, further funding will be required from shareholders, lenders or otherwise.

This is stated on page 13 of the accounts to Dec 2022.

A couple of pages down shows the director's remunerations. Increased in 2022 from 2021.

[chris cat] 23/11/2023 13:54

......yet price drops to 76p

[activmojo] 14/11/2023 13:14

Upgraded target price to 305p/share.

[mcunliffe1] 14/11/2023 11:54

I don't wish to be a 'wet lettuce', and I'm generally not.
However, I'd really like some report from the company regarding progress of the electrolyser.

A free-trade zone agreement is all well and good and may benefit Atome in respect of investment outlay but the real benefit comes from the product produced within that free trade zone being somewhat exempt from taxes. When will the product be produced?

[barony] 14/11/2023 10:50

What’s the upgraded target sp?

[all in eol] 14/11/2023 10:47

Joint broker, Cavendish, has today issued an update with an increase to company valuation and target price following news of Free-Trade Zone grant for ATOME's Villeta Project 🟢

[barony] 14/11/2023 10:20

Great news!

[all in eol] 14/11/2023 07:02

14 November 2023

ATOME ENERGY PLC

("ATOME", "the Company", or "the Group")

ATOME granted Free-Trade Zone for Villeta Project, Paraguay

ATOME Energy (AIM: ATOM) ("ATOME"), the only international green fertiliser project development company on the London Stock Exchange, is pleased to announce that its 145MW Villeta Project in Paraguay has been granted Free-Trade Zone status by Presidential decree bringing significant financial benefits to the project and its funders.

Highlights:

-- Free-Trade Zone ("FTZ") status granted by Presidential decree to ATOME's Villeta Project, Paraguay


-- Only the sixth FTZ granted by Paraguay
-- ATOME will benefit from exemptions on municipal, VAT, and corporate income taxes
-- Clearly demonstrates the Paraguay Government support and commitment to ATOME's Villeta Project


-- Paraguay country ceiling has been upgraded to BBB- in the latest Fitch Ratings report
Free-Trade Zone

ATOME is pleased to announce that the Presidential decree has been signed now granting the Villeta Project full FTZ status. This is only the sixth FTZ in Paraguay and as a result will grant ATOME with the following benefits which materially enhance the economics of the Villeta Project:


-- Exemption from VAT on:
o Sales of goods and services from Paraguay to the FTZ

o Import of equipment and services

o Services provided by the concessionaire to FTZ


-- 3% effective corporate income tax ("CIT") on profit derived from domestic sales to Paraguay
-- 0.5% Free Trade Zone tax on revenue from export sales, no CIT
-- Exemption from CIT and/or withholding taxes including on:
o Remittance of profits or dividends by FTZ users to third countries

o All payments of fees, commissions, interest, and all other remuneration on all services, including financing, provided from third party countries to FTZ Users


-- Exemptions from local and municipal taxes and charges
Strong government backing for ATOME's projects

This is an unequivocable demonstration of government support for ATOME's Villeta Project and its determination to make the project a success both for ATOME and Paraguay's ambition in being a world leader in green fertiliser production. This support has been key in relation to the granting of the FTZ and the Environmental Licence, having expeditiously passed all necessary inter-governmental approvals, which are important milestones towards project financing and construction of the Villeta facility.

Paraguay Economic performance and growth aspirations

Paraguay has political and economic stability and one of the best performing economies in Latin America, with inflation falling sharply this year to 3% (as of October 2023) and economic growth expected by Fitch to rebound by 5.2% in 2023. The latest Fitch Ratings report affirmed Paraguay's stable outlook at a BB+ credit rating, one mark short of investment grade, whilst raising the country ceiling to BBB-.

Peter Levine, Chair, commented:

"Through successive administrations it has been both consistently crystal clear that Paraguay is open for business and encourages and supports serious foreign investors and investments.

"We are greatly honoured by President Peña by his signing of the decree for the tax-free zone in Villeta and we are grateful for the support and trust he and his Ministers have given to us in this important landmark project for the country of Paraguay."

[barony] 13/11/2023 10:59

Should be buying larger electrolysers from ITM - ten times the output.

[pcok] 10/11/2023 00:22

I think they have done a deal to get more conventional electrolysers ie with a membrane to allow Paraguay FID to progress. Can't remember the exact details but wasn't a good look for CPH2.

[mcunliffe1] 09/11/2023 18:58

I think CPH2 bought shares in Atome.

[pcok] 09/11/2023 16:53

CPH2 have recently announced successful production and separation of H2 and O2 but need to ensure safe and effective shut down sequence so target Q1 2024 for first onsite working membrane free electrolyser (in NI).Really hope they still in Atom plans as bought shares in both due to the links between them.

[activmojo] 02/11/2023 15:44

Looks like it didn't go to plan

[...]

[all in eol] 02/11/2023 15:36

Isn’t it due early next year and G Mobility will operate it?