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Homerun Resources Inc. Announces Receipt of Budgetary Offer for Latin America's First Dedicated Solar Glass Manufacturing Facility

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Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced plans to build Latin America's first dedicated solar glass manufacturing facility with a daily production capacity of 1000 tonnes of low-iron solar glass. The company received a 173-page Budgetary Offer from HORN Glass Industries AG for the project.

Key highlights include:

  • CAPEX of EURO 151.5 million for the facility
  • Production of ultra-clear solar glass with low iron content
  • Advanced control and automation systems
  • High energy efficiency and low emissions design

Homerun is evaluating potential sites in Camacari, Bahia, Brazil. The project has received strong support from Bahia government officials, including the Secretary of State for Economic Development and the President of CBPM. This initiative aligns with Brazil's goals to reduce dependence on Chinese imports and boost local industry in the renewable energy sector.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha annunciato piani per costruire il primo impianto di produzione di vetro solare dedicato in America Latina con una capacità di produzione giornaliera di 1000 tonnellate di vetro solare a basso contenuto di ferro. L'azienda ha ricevuto un'offerta budgetaria di 173 pagine da HORN Glass Industries AG per il progetto.

Le principali caratteristiche includono:

  • CAPEX di 151,5 milioni di EURO per l'impianto
  • Produzione di vetro solare ultra-chiaro con basso contenuto di ferro
  • Sistemi avanzati di controllo e automazione
  • Progettazione ad alta efficienza energetica e a basse emissioni

Homerun sta valutando potenziali siti a Camacari, Bahia, Brasile. Il progetto ha ricevuto un forte supporto da parte dei funzionari del governo della Bahia, incluso il Segretario di Stato per lo Sviluppo Economico e il Presidente della CBPM. Questa iniziativa si allinea con gli obiettivi del Brasile di ridurre la dipendenza dalle importazioni cinesi e di incentivare l'industria locale nel settore delle energie rinnovabili.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha anunciado planes para construir la primera planta dedicada a la fabricación de vidrio solar en América Latina con una capacidad de producción diaria de 1000 toneladas de vidrio solar de bajo contenido de hierro. La compañía recibió una oferta presupuestaria de 173 páginas de HORN Glass Industries AG para el proyecto.

Los aspectos destacados incluyen:

  • CAPEX de 151,5 millones de EUROS para la planta
  • Producción de vidrio solar ultra claro con bajo contenido de hierro
  • Sistemas avanzados de control y automatización
  • Diseño con alta eficiencia energética y bajas emisiones

Homerun está evaluando posibles sitios en Camacari, Bahía, Brasil. El proyecto ha recibido un fuerte apoyo de parte de los funcionarios del gobierno de Bahía, incluyendo al Secretario de Estado de Desarrollo Económico y al Presidente de la CBPM. Esta iniciativa se alinea con los objetivos de Brasil para reducir la dependencia de las importaciones chinas y impulsar la industria local en el sector de energías renovables.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF)는 라틴 아메리카 최초의 전용 태양광 유리 제조 시설을 하루 1000톤의 저철분 태양광 유리 생산 능력으로 건설할 계획을 발표했습니다. 회사는 이 프로젝트를 위해 HORN Glass Industries AG로부터 173페이지 분량의 예산 제안서를 받았습니다.

주요 특징은 다음과 같습니다:

  • 시설을 위한 1억 5150만 유로의 CAPEX
  • 저철분 함량의 초고투명 태양광 유리 생산
  • 고급 제어 및 자동화 시스템
  • 높은 에너지 효율성과 낮은 배출 디자인

Homerun은 브라질 바이아주 카마카리에 대한 잠재적 부지를 평가하고 있습니다. 이 프로젝트는 바히아 정부 officials, 경제 개발국 국장 및 CBPM 회장을 포함한 강력한 지원을 받았습니다. 이 이니셔티브는 브라질의 중국 수입 의존도를 줄이고 재생 가능 에너지 분야의 지역 산업을 활성화하는 목표와 일치합니다.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) a annoncé des projets pour construire la première installation de fabrication de verre solaire dédiée en Amérique latine avec une capacité de production quotidienne de 1000 tonnes de verre solaire à faible teneur en fer. L'entreprise a reçu une offre budgétaire de 173 pages de HORN Glass Industries AG pour le projet.

Les points clés incluent :

  • CAPEX de 151,5 millions d'EUROS pour l'installation
  • Production de verre solaire ultra-transparent avec faible teneur en fer
  • Systèmes avancés de contrôle et d'automatisation
  • Conception à haute efficacité énergétique et à faibles émissions

Homerun évalue des sites potentiels à Camacari, Bahia, Brésil. Le projet a reçu un fort soutien de la part des fonctionnaires du gouvernement de Bahia, y compris le secrétaire d'État au Développement économique et le président de la CBPM. Cette initiative s'aligne sur les objectifs du Brésil de réduire la dépendance aux importations chinoises et de stimuler l'industrie locale dans le secteur des énergies renouvelables.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) hat Pläne angekündigt, die erste spezielle Solar-Glasfabrik in Lateinamerika mit einer täglichen Produktionskapazität von 1000 Tonnen niedrigem Eisen Solar-Glas zu errichten. Das Unternehmen erhielt ein 173-seitiges Budgetangebot von HORN Glass Industries AG für das Projekt.

Zu den wichtigsten Highlights gehören:

  • CAPEX von 151,5 Millionen EURO für die Einrichtung
  • Produktion von ultraklarem Solar-Glas mit niedrigem Eisenanteil
  • Fortschrittliche Steuerungs- und Automatisierungssysteme
  • Hochgradige Energieeffizienz und emissionsfreundliches Design

Homerun bewertet potenzielle Standorte in Camacari, Bahia, Brasilien. Das Projekt hat starke Unterstützung von den Beamten der Regierung von Bahia erhalten, einschließlich des Staatssekretärs für Wirtschaftsentwicklung und dem Präsidenten der CBPM. Diese Initiative stimmt mit den Zielen Brasiliens überein, die Abhängigkeit von chinesischen Importen zu reduzieren und die lokale Industrie im Bereich erneuerbare Energien zu fördern.

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Vancouver, British Columbia--(Newsfile Corp. - October 3, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce its plans and receipt of a Budgetary Offer to build Latin America's first dedicated solar glass manufacturing facility with a production capacity of 1000 tonnes per day of low-iron solar glass. The Company has now received a 173 page Budgetary Offer from HORN Glass Industries AG, a leading global supplier of state-of-the-art glass production plants.

Key highlights of the proposed solar glass production facility include:

  • CAPEX of EURO 151.5 million for Latin America's First Solar Glass Manufacturing Facility
  • Land, building, locally acquired ancillary equipment and assembly labor are to be added to this CAPEX to determine Total CAPEX
  • Production of ultra-clear solar glass with low iron content, ideal for high-efficiency solar panels
  • Large regenerative cross-fired glass melting furnace with advanced batch plant and cullet return system
  • Modern distributor and forehearth systems for precise temperature control
  • Advanced control and automation systems throughout the plant
  • Designed for high energy efficiency and low emissions, with flue gas treatment systems
  • Natural gas as primary fuel, with fuel oil backup capability

"This project represents a major vertical integration step in Homerun's strategy to harness our high purity Belmonte silica sand to become a leader in the production of key materials for renewable energy from the first facility of its kind in Latin America," said Brian Leeners, CEO of Homerun. "The proximity of Homerun's high purity, low iron silica sand assets, and the recently announced logistics plan, along with the low CAPEX requirements for the HORN solar glass production facility should place the Company as a key supplier of solar glass to the rapidly growing solar energy industry supply chain in the Americas1."

The Company is currently evaluating potential sites for the facility in the area of Camacari in the State of Bahia, Brazil. Sites with full infrastructure, electric power, water, natural gas pipeline and proximity to the deep seaport of Aratu are currently being reviewed. Further details on project timelines, capital costs, and financing will be provided as plans are finalized.

Recent Government, Ministry and Stakeholder Meetings Discussing Support and the Economic Impact of Homerun's Development Plans

The establishment of Homerun's solar glass manufacturing facility in Bahia, Brazil marks a significant milestone in the State of Bahia's economic development and energy transition efforts. Recent meetings with key government officials have demonstrated strong support for this initiative:

  • Angelo Almeida, Secretary of State of Bahia for Economic Development, has expressed enthusiasm for the project's potential to boost local industry and reduce dependence on imported solar glass.

  • Luciano Giudice Torres, Superintendent of Investment Attraction and Fostering of Economic Development, and Paulo Henrique de Almeida, Director of the Economic Development Division, have been instrumental in facilitating discussions and providing guidance on investment opportunities in the region.

  • Carlos Borel, President of CBPM (Companhia Baiana de Pesquisa Mineral), and Lorena Fraga, Chief of Staff at CBPM, have offered valuable insights into the available local mineral resources that will support the manufacturing process.

The Government of Bahia has demonstrated its commitment to fostering domestic industry and reducing reliance on Chinese imports2. This aligns perfectly with Homerun's vision to create a robust, local supply chain for the inputs of the energy transition.

"The transition to a low-carbon economy is practically impossible without the critical and strategic minerals that Brazil and Bahia possess. We have potential, diversity and demand. We are the artifices of the future. Towards this end, CBPM is in search of partnerships like the one endorsed with Homerun, committed to sustainability and the energy transition", stated Carlos Borel, President of CBPM (Companhia Baiana de Pesquisa Mineral).

Armando Farhate, Chief Operating Officer for Homerun, stated, "The support we've received from the Bahia government has been exceptional. Their proactive approach and commitment to sustainable economic growth has been crucial in moving this project forward."

This collaborative effort between Homerun and the Bahia government is poised to create significant economic opportunities, including job creation, skills development, and increased foreign investment in the region. By establishing the first solar glass manufacturing facility in Bahia, Homerun is not only contributing to Brazil's renewable energy goals but also positioning the country as a leader in the global solar industry.

References:

  1. https://wholesale.banking.societegenerale.com/en/news-insights/clients-successes/clients-successes-details/news/empowering-solar-energy-production-in-the-us/.
  2. https://globalvoices.org/2024/06/05/with-the-reintroduction-of-import-taxes-on-chinese-solar-panels-brazil-hopes-to-develop-its-own-industry/#:~:text=Starting%20in%20January%20of%202024,tax%20on%20Chinese%20solar%20panels.

About HORN Glass Industries AG (https://www.hornglass.com/company/about-us)
HORN Glass Industries has more 140 years of history and experience, which enables the company to supply the highest quality products for the production of glass. HORN is the service provider for the realisation of customer visions and projects in the field of glass and supports its customers from planning through the implementation process to permanent production support on-site.

About Homerun Resources (https://homerunresources.com/)
Homerun is focused on the development of industrial materials and technologies that will contribute to meeting the world's clean energy and climate goals. The Company is listed on the TSX Venture Exchange under the symbol HMR.

On behalf of the Board of Directors of
Homerun Resources Inc.

"Brian Leeners"

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225383

FAQ

What is the production capacity of Homerun Resources' planned solar glass facility?

Homerun Resources Inc. (HMRFF) plans to build a solar glass manufacturing facility with a daily production capacity of 1000 tonnes of low-iron solar glass.

How much is the CAPEX for Homerun Resources' solar glass facility?

The CAPEX for Homerun Resources' solar glass facility is EURO 151.5 million, according to the Budgetary Offer from HORN Glass Industries AG.

Where is Homerun Resources planning to build its solar glass facility?

Homerun Resources (HMRFF) is evaluating potential sites for the solar glass facility in the area of Camacari in the State of Bahia, Brazil.

What type of glass will Homerun Resources' facility produce?

Homerun Resources' facility will produce ultra-clear solar glass with low iron content, ideal for high-efficiency solar panels.

Has Homerun Resources (HMRFF) received government support for its solar glass project?

Yes, Homerun Resources has received strong support from Bahia government officials, including the Secretary of State for Economic Development and the President of CBPM.

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