Homerun Resources Inc. Announces Letter of Intent with SORG Group (Germany) for Completion of the Antimony-Free Solar Glass Manufacturing Plant in Santa Maria Eterna, Bahia, Brazil

Core Insights - Homerun Resources Inc. has signed a Letter of Intent with Nikolaus Sorg GmbH & Co. KG for a 1,000 tonne per day solar glass manufacturing plant in Brazil, marking a significant milestone for the company [2][10] Project Overview - The Solar Glass Project will utilize state-of-the-art technology for solar glass manufacturing, including an electric boosting system for enhanced energy efficiency and a production process that will yield antimony-free solar glass [3][10] - The plant is expected to be the first dedicated solar glass manufacturing facility in Latin America, focusing on next-generation photovoltaic applications [10] Responsibilities and Financing - Homerun's role includes local content capitalization, permit planning, civil works, utilities, and installation as specified by SORG [5] - The project financing will involve cooperation with German banks for export credit, supported by Euler Hermes guarantees, alongside interest from Banco Nacional de Desenvolvimento Econômico e Social for Brazilian government project financing [6][10] Strategic Partnerships - Homerun has engaged DTEC, a German engineering company, to assist with the Bankable Feasibility Study, ensuring all necessary documentation for project financing is prepared [7] - The collaboration with SORG is based on their extensive experience and successful track record in glass manufacturing technology [15] Company Background - Homerun Resources Inc. focuses on building a silica-powered backbone for the energy transition across multiple verticals, including solar and energy storage, leveraging a unique high-purity low-iron silica resource in Bahia, Brazil [16][18]