Homerun Resources Inc. Memorandum of Understanding with Local Partner for the Processing of High Purity Silica Sands Originating from the Belmonte Silica District
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has signed a non-binding Memorandum of Understanding (MOU) with a local partner in the Belmonte Silica District. The agreement outlines two operational modalities: 1) Partner providing extraction and processing services for Homerun's silica sand for a per-tonne fee, and 2) Product sales arrangement where the partner processes sand from either party and sells it to Homerun or directly to end customers with compensation to Homerun. The partner owns a silica sand processing facility with dry processing capabilities and can quickly invest in upgrades. This MOU is part of Phase 2 of Homerun's Business Plan Roadmap and aligns with their 40-year lease agreement with CBPM.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha firmato un Memorandum of Understanding (MOU) non vincolante con un partner locale nella Belmonte Silica District. L'accordo delinea due modalità operative: 1) Il partner fornisce servizi di estrazione e lavorazione della sabbia silicea di Homerun per una fee per tonnellata, e 2) Un accordo di vendita del prodotto in cui il partner elabora la sabbia da entrambe le parti e la vende a Homerun o direttamente ai clienti finali con compenso per Homerun. Il partner possiede un impianto di lavorazione della sabbia silicea con capacità di lavorazione a secco e può rapidamente investire in aggiornamenti. Questo MOU fa parte della Fase 2 della Roadmap del Piano Aziendale di Homerun e si allinea con il loro contratto di locazione di 40 anni con CBPM.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha firmado un Memorando de Entendimiento (MOU) no vinculante con un socio local en el Distrito de Sílice de Belmonte. El acuerdo establece dos modalidades operativas: 1) El socio proporciona servicios de extracción y procesamiento de la arena de sílice de Homerun por una tarifa por tonelada, y 2) Un acuerdo de venta de productos donde el socio procesa arena de cualquiera de las partes y la vende a Homerun o directamente a los clientes finales con compensación para Homerun. El socio posee una instalación de procesamiento de arena de sílice con capacidades de procesamiento en seco y puede invertir rápidamente en actualizaciones. Este MOU es parte de la Fase 2 de la Hoja de Ruta del Plan de Negocios de Homerun y se alinea con su contrato de arrendamiento de 40 años con CBPM.
호머런 리소스 주식회사 (TSXV: HMR) (OTCQB: HMRFF)는 벨몬트 실리카 지역의 지역 파트너와 비구속적인 양해각서(MOU)를 체결했습니다. 이 계약은 두 가지 운영 방식에 대해 설명합니다: 1) 파트너가 호머런의 실리카 모래를 위해 톤당 요금으로 추출 및 가공 서비스를 제공하며, 2) 제품 판매 계약으로, 파트너가 양측의 모래를 가공하고 이를 호머런 또는 최종 고객들에게 직접 판매하며 호머런에게 보상을 제공합니다. 파트너는 건식 가공 능력을 갖춘 실리카 모래 가공 시설을 소유하고 있으며, 빠르게 업그레이드에 투자할 수 있습니다. 이 MOU는 호머런의 사업 계획 로드맵 2단계의 일환이며, CBPM과의 40년 임대 계약과 일치합니다.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) a signé un protocole d'accord (MOU) non contraignant avec un partenaire local dans le district de silice de Belmonte. L'accord prévoit deux modalités opérationnelles : 1) Le partenaire fournit des services d'extraction et de traitement du sable siliceux de Homerun moyennant une redevance par tonne, et 2) Un accord de vente de produit où le partenaire traite le sable de l'une ou l'autre des parties et le vend à Homerun ou directement aux clients finaux avec compensation pour Homerun. Le partenaire possède une installation de traitement du sable siliceux avec des capacités de traitement à sec et peut rapidement investir dans des améliorations. Ce MOU fait partie de la Phase 2 de la feuille de route du plan d'affaires de Homerun et s'aligne avec leur contrat de bail de 40 ans avec le CBPM.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) hat ein unverbindliches Memorandum of Understanding (MOU) mit einem lokalen Partner im Belmonte Silica District unterzeichnet. Die Vereinbarung beschreibt zwei betriebliche Modalitäten: 1) Der Partner bietet Extraktions- und Verarbeitungsdienstleistungen für die Silikatsand von Homerun gegen eine Gebühr pro Tonne an, und 2) Eine Produktverkaufsvereinbarung, bei der der Partner Sand von beiden Parteien verarbeitet und an Homerun oder direkt an Endkunden verkauft, wobei Homerun entschädigt wird. Der Partner besitzt eine Silikatsandverarbeitungsanlage mit Trockenverarbeitungskapazitäten und kann schnell in Upgrades investieren. Dieses MOU ist Teil der Phase 2 des Geschäftsplans von Homerun und steht im Einklang mit ihrem 40-jährigen Mietvertrag mit CBPM.
- Access to existing processing facility without CAPEX investment
- Flexible operational arrangements through two business modalities
- Partner has capacity to invest in facility upgrades
- Alignment with company's 40-year lease agreement and business roadmap
- MOU is non-binding, creating execution uncertainty
- Partner's identity and ownership remain undisclosed
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has today received an executed non-binding Memorandum of Understanding (MOU), between Homerun and an experienced and reputable local partner in the Belmonte Silica District (the "Partner").
- Both Homerun and the Partner have assets under ownership or control in the Belmonte Silica District.
- The Partner has a silica sand processing facility with dry processing capabilities.
- The Partner has the capacity to invest capital quickly in upgrading its processing capabilities.
The Partner and Homerun are willing to cooperate within two modalities:
A) Services for the extraction and processing of Homerun silica sand (
- Extraction of Homerun silica sand.
- Processing / Sizing.
- Delivery in dry bulk or for small volumes in 1 tonne bags.
The Partner will charge a service fee to Homerun per tonne of silica sand.
B) Product Sales where the Partner executes processing:
- Extraction of the Partner's and/or Homerun's silica sand.
- Processing / Sizing.
- Delivery in dry bulk or for small volumes in 1 tonne bags.
The Partner will sell the processed sand to Homerun, at a negotiated cumulative price, or sell the processed sand directly to end customers of Homerun and compensate Homerun.
This MOU is a key element of Phase 2 of the Company's 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 the Partner's services is a fundamental cornerstone for the execution of the Company's logistics plan to cashflow, as announced in the press release dated September 24, 2024.
"It is with great satisfaction that Homerun celebrates this new partnership, with one of the most renowned organizations in the silica sand sector in Brazil. Working hand in hand will benefit the parties through a win-win relationship and pave the road for Homerun to achieve its own strategic goals which include minimizing the CAPEX traditionally required to build processing that will now be available today and the CAPEX to build processing that will be required in the future," stated Armando Farhate, COO of Homerun.
The Partner has requested that it's identity and ownership not be disclosed at this time.
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".
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228757
FAQ
What are the two operational modalities in Homerun Resources (HMRFF) new MOU for silica sand processing?
How does the November 2024 MOU benefit Homerun Resources (HMRFF) financially?
What is the relationship between Homerun Resources (HMRFF) and CBPM in the Belmonte Silica District?
