Atome Energy has admitted its entire issued ordinary share capital to trading on the AIM market of the London Stock Market, under the ticker ‘ATOM’.
Atome’s shares admitted to trading on AIM as an independent company with an initial market capitalisation of £26 million. The company offers investors access to potential upstream manufacturing of green hydrogen and ammonia and its established in-country contacts and shareholder base to the all-important downstream offtake market.
It has projects in Iceland and Paraguay. In Iceland, it owns a 75% stake in Green Fuel ehf, targeting the first hydrogen and ammonia production in 2024 using around 100 MW geothermal power from the National power supplier. In Paraguay, through its wholly-owned subsidiary, Atome Paraguay is targeting the supply of green renewable electricity of up to 250 MW of power from Itaipu.
Oliver Mussat, CEO of Atome Energy, said, “With the funding secured, Atome is in a position to rapidly progress its projects in Iceland and Paraguay towards Final Investment Decision in both countries. The projects both plan to deliver green energy using mature technology and low-cost base-load power which is available on-tap in both locations.”
He further added, “Our projects have government support and accessible markets which need green hydrogen and ammonia to reach their net-zero targets, and Atome is positioned to capitalise on this.”