Homerun Resources Inc. Signs Memorandum of Understanding for Land Donation and Supply of Infrastructure & Services for the Development of the Company's Industrial Projects in Bahia, Brazil
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has signed a Memorandum of Understanding (MoU) with CBPM (Companhia Baiana de Pesquisa Mineral), BahiaGás (Companhia de Gás da Bahia), SECTI (Secretaria de Ciência, Tecnologia e Inovação) and the Municipality of Belmonte, aiming to immediately:
- Consolidate strategic alliances to ensure the effective implementation and development of Homerun's Industrial Projects, covering everything from extraction and processing to the transformation of high value-added mineral resources, with goals and schedules defined in specific instruments arising from this MoU;
- Integrate actions to promote science, technology, innovation, infrastructure, professional qualification and clean energy; and
- Promote a new cycle of regional development based on a diversified, sustainable economic matrix aligned with the guidelines of the Government of the State of Bahia.
This MoU has been developed to support the installation of Homerun's initial 120,000 ton per year Silica Processing facility and the 365,000 ton per year Solar Glass manufacturing facility in the Municipality of Belmonte, Bahia, Brazil, ensuring the establishment of the entire value chain, from mineral extraction to high value-added final products, in Belmonte, maximizing the socioeconomic and environmental benefits for the State of Bahia. Many initiatives detailed within this MOU have already made considerable progress to date, and we are thrilled with the overwhelming support from all the Parties.
Brian Leeners, CEO of Homerun, stated, "We want to thank all our partners at every level from the Municipality of Belmonte to the State Government of Bahia. The Team at Homerun has achieved another major milestone to the benefit of our stakeholders and the people of Bahia. First our unique resource and now the land, infrastructure, and services to take that resource to the production of solar glass and other in-demand HPQ materials. We look forward to the day when the facilities on this land are providing best-in-class solutions into both the domestic and global marketplace. I want to personally thank Antonio Vitor, our Country Manager, for the huge amount of time and energy that has gone into nurturing this transformative partnership."