Homerun Resources Inc. Announces Five-Fold Increase in Solar Glass Offtake with Sengi Solar from 20,000 to 100,000 Tonnes per Year Priced at USD 750 per Tonne

Core Viewpoint - Homerun Resources Inc. has amended its non-binding offtake agreement with Sengi Solar, increasing the minimum annual quantity of solar glass from 20,000 tonnes to 100,000 tonnes, while maintaining the price at USD 750 per tonne [1][2]. Company Developments - The amendment reflects the growing demand for domestic solar production in Brazil and the confidence of partners like Sengi in the viability of Homerun's solar glass manufacturing project [4]. - Homerun has completed several key deliverables since the original agreement, reinforcing partner confidence in the project's success [4]. Industry Context - The amendment is influenced by recent changes in the Brazilian solar panel market, including rising tariffs on imports and reduced tariff exemptions for imported equipment, alongside positive long-term prospects for clean energy demand in Brazil [3]. - Brazil's increasing attractiveness for data center installations supporting Artificial Intelligence processing is also a contributing factor to the demand for solar energy solutions [3]. Company Overview - Homerun Resources Inc. focuses on the energy transition across four verticals: Silica, Solar, Energy Storage, and Energy Solutions, leveraging a unique high-purity low-iron silica resource in Bahia, Brazil [6][7]. - The company aims to develop Latin America's first dedicated high-efficiency solar glass plant, producing antimony-free solar glass for next-generation photovoltaic performance [8].