Homerun Resources Inc. Letter of Intent with Veracel Celulose for the Development of Logistic Setup and Community Relations for the High Purity Silica Sands Originating from the Belmonte Silica District
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has signed a non-binding Letter of Intent with Veracel Celulose S.A. to explore logistics collaboration opportunities for silica sand transportation. The partnership will utilize Veracel's existing road and maritime infrastructure, including the Maritime Terminal of Belmonte. Veracel will support Homerun with transportation partnerships, grant terminal exclusivity for silica sand operations, and cooperate on social initiatives. Homerun will contribute to road maintenance, implement necessary terminal modifications, and develop aligned social actions. This agreement is part of Homerun's Phase 2 Business Plan Roadmap and aligns with its 40-year lease agreement with Companhia Baiana de Pesquisa Mineral.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha firmato una Lettera di Intenti non vincolante con Veracel Celulose S.A. per esplorare opportunità di collaborazione logistica per il trasporto della sabbia silicea. La partnership utilizzerà le infrastrutture stradali e marittime esistenti di Veracel, incluso il Terminal Marittimo di Belmonte. Veracel supporterà Homerun con partnership di trasporto, garantirà l'esclusività del terminal per le operazioni relative alla sabbia silicea e collaborerà su iniziative sociali. Homerun contribuirà alla manutenzione stradale, implementerà le modifiche necessarie al terminal e svilupperà azioni sociali allineate. Questo accordo è parte della Roadmap del Piano Aziendale Fase 2 di Homerun e si allinea con il suo contratto di locazione quarantennale con Companhia Baiana de Pesquisa Mineral.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha firmado una Carta de Intención no vinculante con Veracel Celulose S.A. para explorar oportunidades de colaboración logística para el transporte de arena silícica. La asociación utilizará la infraestructura vial y marítima existente de Veracel, incluyendo el Terminal Marítimo de Belmonte. Veracel apoyará a Homerun con asociaciones de transporte, otorgará exclusividad al terminal para operaciones de arena silícica y cooperará en iniciativas sociales. Homerun contribuirá al mantenimiento de carreteras, implementará las modificaciones necesarias en el terminal y desarrollará acciones sociales alineadas. Este acuerdo forma parte de la Hoja de Ruta del Plan de Negocios Fase 2 de Homerun y está en línea con su contrato de arrendamiento de 40 años con Companhia Baiana de Pesquisa Mineral.
호머런 리소스 주식회사 (TSXV: HMR) (OTCQB: HMRFF)는 베라셀 셀룰로스 S.A.와 실리카 모래 운송을 위한 물류 협력 기회를 탐색하는 비구속 의향서를 체결했습니다. 이 파트너십은 베라셀의 기존 도로 및 해상 인프라를 활용하며, 벨몬트 해양 터미널을 포함합니다. 베라셀은 호머런에게 운송 파트너십을 지원하고, 실리카 모래 운영을 위한 터미널 독점을 보장하며, 사회적 이니셔티브에 협력할 것입니다. 호머런은 도로 유지 보수에 기여하고, 필요한 터미널 수정을 구현하며, 일치하는 사회적 행동을 개발할 것입니다. 이 계약은 호머런의 2단계 사업 계획 로드맵의 일부이며, Companhia Baiana de Pesquisa Mineral과의 40년 임대 계약과 일치합니다.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) a signé une Lettre d'intention non contraignante avec Veracel Celulose S.A. pour explorer des opportunités de collaboration logistique pour le transport de sable siliceux. Le partenariat utilisera l'infrastructure routière et maritime existante de Veracel, y compris le terminal maritime de Belmonte. Veracel soutiendra Homerun par le biais de partenariats de transport, accordera l'exclusivité du terminal pour les opérations de sable siliceux et coopérera sur des initiatives sociales. Homerun contribuera à l'entretien des routes, mettra en œuvre les modifications nécessaires au terminal et développera des actions sociales alignées. Cet accord fait partie de la feuille de route du plan d'affaires de phase 2 de Homerun et s'inscrit dans le cadre de son contrat de location de 40 ans avec Companhia Baiana de Pesquisa Mineral.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) hat einen nicht verbindlichen Letter of Intent mit Veracel Celulose S.A. unterzeichnet, um Möglichkeiten zur logistischen Zusammenarbeit beim Transport von Silikasand zu erkunden. Die Partnerschaft wird Veracels bestehende Straßen- und Seeinfrastruktur nutzen, einschließlich des maritimen Terminals in Belmonte. Veracel wird Homerun bei Transportpartnerschaften unterstützen, terminalexklusive Betriebsrechte für Silikasand gewähren und bei sozialen Initiativen zusammenarbeiten. Homerun wird zur Straßeninstandhaltung beitragen, erforderliche Änderungen am Terminal umsetzen und abgestimmte soziale Maßnahmen entwickeln. Diese Vereinbarung ist Teil der Phase-2-Geschäftsplan-Roadmap von Homerun und steht im Einklang mit dem 40-Jahres-Mietvertrag mit Companhia Baiana de Pesquisa Mineral.
- Strategic partnership with established infrastructure provider Veracel Celulose
- Access to existing maritime terminal and transportation infrastructure
- Potential cost reduction through shared logistics operations
- Exclusive rights for silica sand operations at Belmonte Maritime terminal
- Additional costs for terminal modifications and infrastructure improvements
- Financial responsibility for all feasibility studies and LOI-related expenses
- Non-binding nature of the LOI creates execution uncertainty
Vancouver, British Columbia--(Newsfile Corp. - November 12, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has executed a non-binding Letter of Intent (LOI), between Homerun and Veracel Celulose S.A. (Veracel).
Veracel has a logistic setup including road and maritime transportation infrastructure, for the transportation of planted eucalyptus wood from farmlands to its processing plant in Eunápolis, and for the transportation of cellulose bales from its processing plant to the port of Aracruz (ES), via the Maritime Terminal of Belmonte (TMB).
It is the mutual intention of Veracel and Homerun to explore opportunities to use and expand the existing logistics setup for the transport of silica sand, creating opportunities for cost dilution and increased productivity.
It is also a mutual understanding that Veracel and Homerun will jointly develop and implement actions in the scope of community relations, ensuring that all local stakeholders will benefit from the operations of both companies in the region.
We expect Veracel's role in the partnership to include:
- Support Homerun on developing relations with Veracel's existing business partners on road transportation, road maintenance, maritime transportation and engineering
- Allow Homerun to operate through its Belmonte Maritime terminal, granting exclusivity in face of Homerun's silica sand business
- Cooperate with Homerun on developing social and institutional actions in the region, contributing to good practices of corporate governance of both companies
We expect HMR's role in the partnership to include:
- Identify and commission logistic partners for the transportation logistics of its silica sands, focusing on utilizing as much as possible the same operators as Veracel and aiming to obtain cost dilutions and productivity gains for both companies
- Contribute proportionately to the road maintenance activities on the routes to be shared with Veracel
- Implement, at its own financial and operational cost, the necessary modifications to the TMB required to allow handling of its silica sand, without disrupting the current Veracel operations
- Actively pursue social and institutional actions, in alignment with Veracel current actions
- Bear solely all the feasibility studies for the project and each and every expense originating from this LOI
The parties also agree that, should the opportunity arise for the construction of a new sea terminal in Belmonte, the Companies will cooperate to pursue it and optimize the logistic flow for both sides.
This LOI is a crucial element of the Company's Phase 2 of the Business Plan Roadmap, and in line with the commitment under its partnership with Companhia Baiana de Pesquisa Mineral (CBPM), within the scope of the 40-year lease agreement between the parties. Securing Veracel as a strategic partner is a key milestone for the execution of the Company's logistic plan, as announced in the press release dated September 24, 2024.
"Veracel is recognized worldwide by its technology, efficiency and social responsibility. This partnership will provide Homerun with the ability to scale our operations and dramatically reduce our costs associated with logistics and to continue to evolve as a better Company," stated Armando Farhate, COO of Homerun.
About Homerun Resources (https://homerunresources.com/)
Homerun Resources is focused on the development of its business within the critical and energy materials sectors. With a steadfast commitment to operational excellence, sustainability, and building shareholder value, Homerun Resources Inc. is poised to make a lasting impact in these industries.
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".
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229606
FAQ
What is the purpose of Homerun Resources (HMRFF) LOI with Veracel Celulose?
What are Homerun Resources' (HMRFF) main obligations under the Veracel partnership?
What exclusive rights does Homerun Resources (HMRFF) receive at the Belmonte Maritime terminal?
How does this LOI fit into Homerun Resources' (HMRFF) business strategy?
