Atome says Villeta financing negotiations are ongoing

(Sharecast News) - Atome said in an update on Friday that detailed negotiations over financing for its flagship Villeta project were ongoing, with all stakeholders said to be actively engaged. The AIM-traded low-carbon fertiliser developer, which describes itself as the UK's only dedicated international industrial-scale low-carbon fertiliser company, said discussions on funding for the project were continuing, and that it expected to provide a further update in March.

No additional details on the structure or timing of the financing were disclosed in the brief statement.

At 1525 GMT, shares in Atome were down 5.56% at 51p.

Reporting by Josh White for Sharecast.com.