Atome PLC, a British company developing a green fertilizer project in Villeta, has had its shares temporarily suspended from trading on the London Stock Exchange. The measure was taken after the company failed to publish its audited financial statements for the year 2025 by the regulatory deadline, which ended on June 30.
The company justified the accounting delay by citing ongoing negotiations with Paraguay's state electricity utility, the National Electricity Administration (ANDE). Atome's board of directors considered it prudent to postpone the publication of the financial reports until a resolution is reached regarding the Power Purchase Agreement (PPA) for the Villeta Project, which has a significant impact on the corporation's financial valuation.
Atome's Chairman, Peter Levine, stated that the suspension is a temporary technical issue and will be reversed as soon as the documents are published. He assured that the $665 million Villeta project is fully financed and ready to begin construction. Levine also reiterated investor support and confidence in reaching a friendly resolution with ANDE.
The tariff dispute intensified after Paraguay's Executive Branch overturned decrees that established a special "Energy to X" regime, which guaranteed Atome a fixed and predictable electricity rate. Local analysts warn that granting preferential prices for large-scale, electricity-intensive industries could negatively impact the state-owned utility's finances in the medium term.