Homerun Resources Inc. Announces Signing of Definitive Surface Rights Agreement for the Installation of Its Industrial Projects in Santa Maria Eterna, Belmonte, Bahia, Brazil

Core Insights - Homerun Resources Inc. has signed a definitive surface rights agreement for the CENTRO INDUSTRIAL SÃO JOSÉ DA SILICA in Bahia, Brazil, covering 64 hectares for its silica processing and solar glass manufacturing facility [1][13] - The agreement grants irrevocable surface rights, ensuring legal security for Homerun regardless of any changes in land ownership [2][11] - The agreement replaces a previous land donation plan, eliminating risks associated with land reclamation and obligations under earlier agreements [4][13] Agreement Details - The surface rights agreement is valid for 99 years and automatically renewable for another 99 years [9] - Compensation payments will begin in 2027, with an initial fixed payment of R$ 60,000 due on June 30, 2027, followed by monthly payments of R$ 50,000 starting January 2028, subject to conditions [10] - Homerun can use the surface rights as collateral for financing and can independently secure necessary permits and licenses [11][13] Municipal Support - The Municipality of Belmonte has committed to allocate up to USD $400,000 for infrastructure improvements, including paving approximately 5km of road to connect Santa Maria Eterna to BR-101 [5][13] - This support is part of a broader initiative led by the Bahia State Secretariat of Infrastructure [5] Strategic Vision - The agreement aligns with Homerun's strategy to develop a complete silica value chain, enhancing socioeconomic and environmental benefits for the local community [6][13] - The company aims to establish a vertically integrated platform for clean energy manufacturing in the Americas, focusing on silica, solar, energy storage, and energy solutions [12][14][20]