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Homerun Resources Inc. Memorandum of Understanding with Companhia De Navegacao Norsul for the Maritime Transport of High Purity Silica Sands Originating from the Belmonte Silica District

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Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has signed a non-binding Memorandum of Understanding (MOU) with Norsul for maritime transport of high purity silica sands from the Belmonte Silica District. The agreement focuses on implementing immediate and future transport opportunities between the ports of Ilhéus and Vitória. Norsul will serve as Homerun's strategic partner in evaluating and developing maritime logistics solutions, supporting planning, coordination, and operational efficiency. This MOU is part of Phase 2 of Homerun's Business Plan Roadmap and complements their existing 40-year lease agreement with Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha firmato un Memorandum of Understanding (MOU) non vincolante con Norsul per il trasporto marittimo di sabbie di silice ad alta purezza dal Distretto Siliceo di Belmonte. L'accordo si concentra sull'implementazione di opportunità di trasporto immediate e future tra i porti di Ilhéus e Vitória. Norsul fungerà da partner strategico di Homerun nella valutazione e nello sviluppo di soluzioni logistiche marittime, supportando pianificazione, coordinamento ed efficienza operativa. Questo MOU fa parte della Fase 2 della Roadmap del Piano Aziendale di Homerun e si integra con il loro contratto di locazione esistente di 40 anni con la Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha firmado un Memorandum de Entendimiento (MOU) no vinculante con Norsul para el transporte marítimo de arenas de sílice de alta pureza del Distrito de Sílice de Belmonte. El acuerdo se centra en la implementación de oportunidades de transporte inmediatas y futuras entre los puertos de Ilhéus y Vitória. Norsul servirá como el socio estratégico de Homerun en la evaluación y desarrollo de soluciones logísticas marítimas, apoyando la planificación, coordinación y eficiencia operativa. Este MOU forma parte de la Fase 2 del Plan de Negocios de Homerun y complementa su contrato de arrendamiento existente de 40 años con la Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF)는 Norsul과 벨몬트 실리카 지구에서 고순도 실리카 모래의 해상 운송을 위한 비구속 양해각서(MOU)를 체결했습니다. 이 협정은 일헤우스와 비토리아 항구 간의 즉각적이고 미래의 운송 기회를 구현하는 데 중점을 두고 있습니다. Norsul은 해상 물류 솔루션의 평가 및 개발에서 Homerun의 전략적 파트너 역할을 하며, 계획, 조정 및 운영 효율성을 지원할 것입니다. 이 MOU는 Homerun의 사업 계획 로드맵 2단계의 일부이며, Companhia Baiana de Pesquisa Mineral (CBPM)과의 기존 40년 임대 계약을 보완합니다.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) a signé un protocole d'accord (MOU) non contraignant avec Norsul pour le transport maritime de sables de silice de haute pureté en provenance du district de silice de Belmonte. L'accord vise à mettre en œuvre des opportunités de transport immédiates et futures entre les ports d'Ilhéus et de Vitória. Norsul servira de partenaire stratégique à Homerun pour évaluer et développer des solutions logistiques maritimes, soutenant ainsi la planification, la coordination et l'efficacité opérationnelle. Ce MOU fait partie de la phase 2 de la feuille de route du plan d'affaires de Homerun et complète leur accord de location existant de 40 ans avec la Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) hat ein unverbindliches Memorandum of Understanding (MOU) mit Norsul für den maritimen Transport von hochreinen Silikasanden aus dem Belmonte-Silika-Distrikt unterzeichnet. Der Vertrag konzentriert sich auf die Umsetzung unmittelbarer und zukünftiger Transportmöglichkeiten zwischen den Häfen von Ilhéus und Vitória. Norsul wird als strategischer Partner von Homerun fungieren, um maritime Logistiklösungen zu bewerten und zu entwickeln, wobei Planung, Koordination und operative Effizienz unterstützt werden. Dieses MOU ist Teil der Phase 2 von Homeruns Geschäftsplan-Roadmap und ergänzt den bestehenden 40-jährigen Pachtvertrag mit der Companhia Baiana de Pesquisa Mineral (CBPM).

Positive
  • Strategic partnership secured for maritime logistics solutions
  • Access to established high-volume transport infrastructure
  • Alignment with existing 40-year lease agreement
  • Potential for operational efficiency improvements and economies of scale
Negative
  • MOU is non-binding, indicating uncertainty in final agreement terms

Vancouver, British Columbia--(Newsfile Corp. - November 5, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce the signing of a non-binding Memorandum of Understanding (MOU) with Norsul to implement immediate and develop future opportunities for maritime transport of high purity silica sands originating from the Belmonte Silica District.

Homerun is working with Norsul, and its established logistics for the maritime transport of high volume and tonnage products in the region. Norsul will serve as Homerun's strategic partner in evaluating current and future development of maritime logistics solutions for silica sand transport. The goal is to leverage existing infrastructure and optimize processes to maximize operational efficiency and explore potential logistics synergies to achieve economies of scale.

Under this collaboration, Norsul will endeavour to provide current and future services that:

  • Utilize its maritime logistics expertise to facilitate the transport of Homerun's silica sand cargoes between the ports of Ilhéus (BA) and Vitória (ES), under terms to be agreed upon by the parties;
  • Support the planning and coordination necessary to ensure smooth operations, including facilitating the acquisition of authorizations, as applicable, for operations at the specified ports;
  • Contribute to the identification of opportunities to enhance logistical efficiency, making use of available resources.

This Memorandum of Understanding is a key component of Phase 2 of Homerun's Business Plan Roadmap and aligns with the existing partnership with Companhia Baiana de Pesquisa Mineral (CBPM) under the scope of a 40-year lease agreement. Securing Norsul as a strategic logistics partner strengthens Homerun's commitment to advancing a robust and competitive logistical operation for the Belmonte Silica project.

"Our partnership with Norsul will be essential for ensuring an efficient maritime transport solutions that meet Homerun's needs in a competitive manner, enabling us to consolidate our position in the global high purity silica sand market," stated Armando Farhate, COO of Homerun.

About Companhia de Navegação Norsul (https://www.norsul.com)

Norsul is a Brazilian shipping and logistics integration company headquartered in Rio de Janeiro, with 60 years of experience in coastal shipping within Brazil. A key player in the growth of Brazilian navigation since its founding, Norsul transported 16 million tons of solid bulk (such as cement, minerals, steel products, and other commodities) and liquid bulk (including hydrocarbons, derivatives, and biofuels) in 2023, generating revenue of BRL 1.5 billion during the period. The company operates a fleet of 20 owned vessels dedicated to coastal and long-haul shipping and maintains support bases in the states of Rio de Janeiro, Espírito Santo, and Santa Catarina.

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/228929

FAQ

What is the purpose of Homerun Resources' (HMRFF) MOU with Norsul?

The MOU aims to implement maritime transport solutions for high purity silica sands between the ports of Ilhéus and Vitória, with Norsul serving as a strategic logistics partner.

Which ports will be used for Homerun Resources' (HMRFF) silica sand transport?

The transport will operate between the ports of Ilhéus (BA) and Vitória (ES) in Brazil.

How does the Norsul MOU fit into Homerun Resources' (HMRFF) business plan?

The MOU is a key component of Phase 2 of Homerun's Business Plan Roadmap and complements their 40-year lease agreement with CBPM.

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