Homerun Resources Inc. Non-Binding Offtake Agreement with Balfar Solar for the Supply of High-Quality Solar Glass & Solar Module JV
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has signed a non-binding offtake agreement with Balfar Solar, a top-three solar panel manufacturer in Brazil. The agreement outlines Balfar's interest in purchasing a minimum of 100,000 tonnes of solar glass annually at USD 750 per tonne (FOB) once Homerun's Solar Glass Plant begins production.
Additionally, both companies have agreed to explore a potential Joint Venture (JV) focused on Balfar's solar module business. The JV aims to expand solar module sales in the Brazilian market and secure vertically integrated sales of Homerun's silica sand and solar glass. This collaboration also provides a pathway for Homerun's Perovskite Solar initiatives.
The agreement is non-binding and will be superseded by binding agreements upon development of the solar module JV and/or when the solar glass plant reaches a Bankable Feasibility Study. This marks Phase 3 of Homerun's Strategic Roadmap towards becoming a fully integrated materials company.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha firmato un accordo di off-take non vincolante con Balfar Solar, uno dei primi tre produttori di pannelli solari in Brasile. L'accordo delinea l'interesse di Balfar nell'acquistare un minimo di 100.000 tonnellate di vetro solare all'anno a 750 USD per tonnellata (FOB) una volta che l'impianto di vetro solare di Homerun inizia la produzione.
Inoltre, entrambe le aziende hanno concordato di esplorare una potenziale Joint Venture (JV) focalizzata sul business dei moduli solari di Balfar. La JV mira ad espandere le vendite di moduli solari nel mercato brasiliano e a garantire vendite verticalmente integrate di sabbia silicea e vetro solare di Homerun. Questa collaborazione offre anche una via per le iniziative solari a perovskite di Homerun.
L'accordo è non vincolante e sarà superato da accordi vincolanti al momento dello sviluppo della JV sui moduli solari e/o quando l'impianto di vetro solare raggiunge uno Studio di Fattibilità Bancabile. Questo segna la Fase 3 della Roadmap Strategica di Homerun verso diventare un'azienda di materiali completamente integrata.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha firmado un acuerdo de compra no vinculante con Balfar Solar, uno de los tres principales fabricantes de paneles solares en Brasil. El acuerdo detalla el interés de Balfar en comprar un mínimo de 100,000 toneladas de vidrio solar anualmente a 750 USD por tonelada (FOB) una vez que la Planta de Vidrio Solar de Homerun comience la producción.
Además, ambas compañías han acordado explorar una posible Joint Venture (JV) centrada en el negocio de módulos solares de Balfar. La JV tiene como objetivo expandir las ventas de módulos solares en el mercado brasileño y asegurar ventas verticalmente integradas de arena de sílice y vidrio solar de Homerun. Esta colaboración también proporciona un camino para las iniciativas solares de perovskita de Homerun.
El acuerdo no es vinculante y será reemplazado por acuerdos vinculantes al desarrollar la JV de módulos solares y/o cuando la planta de vidrio solar alcance un Estudio de Viabilidad Bancable. Esto marca la Fase 3 de la Hoja de Ruta Estratégica de Homerun para convertirse en una empresa de materiales completamente integrada.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF)는 브라질의 상위 3대 태양광 패널 제조업체인 Balfar Solar와 비구속적인 오프테이크 계약을 체결했습니다. 이 계약은 Balfar가 Homerun의 태양광 유리 공장이 생산을 시작하면 연간 최소 100,000톤의 태양광 유리를 톤당 750 USD (FOB)에 구매할 의향이 있음을 명시하고 있습니다.
또한 양사는 Balfar의 태양광 모듈 사업에 초점을 맞춘 잠재적인 합작 투자(JV)를 탐색하기로 합의했습니다. JV의 목표는 브라질 시장에서 태양광 모듈 판매를 확대하고 Homerun의 규소 모래 및 태양광 유리의 수직 통합 판매를 확보하는 것입니다. 이 협력은 Homerun의 페로브스카이트 태양광 이니셔티브를 위한 경로도 제공합니다.
이 계약은 비구속적이며 태양광 모듈 JV의 개발이 이루어지거나 태양광 유리 공장이 은행 가능성 연구에 도달할 때 구속력 있는 계약으로 대체됩니다. 이는 Homerun의 완전 통합 소재 회사로의 전략적 로드맵의 3단계를 나타냅니다.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) a signé un accord d'approvisionnement non contraignant avec Balfar Solar, l'un des trois principaux fabricants de panneaux solaires au Brésil. L'accord précise l'intérêt de Balfar pour l'achat d'un minimum de 100 000 tonnes de verre solaire par an à 750 USD par tonne (FOB) une fois que l'usine de verre solaire de Homerun commencera sa production.
De plus, les deux entreprises ont convenu d'explorer une éventuelle Joint Venture (JV) axée sur l'activité de modules solaires de Balfar. La JV vise à accroître les ventes de modules solaires sur le marché brésilien et à sécuriser les ventes intégrées verticalement de sable siliceux et de verre solaire de Homerun. Cette collaboration offre également une voie pour les initiatives solaires à pérovskite de Homerun.
L'accord est non contraignant et sera remplacé par des accords contraignants lors du développement de la JV de modules solaires et/ou lorsque l'usine de verre solaire atteindra une étude de faisabilité bancaire. Cela marque la phase 3 de la feuille de route stratégique de Homerun pour devenir une entreprise de matériaux entièrement intégrée.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) hat eine unverbindliche Abnahmevereinbarung mit Balfar Solar unterzeichnet, einem der drei größten Hersteller von Solarpanelen in Brasilien. Die Vereinbarung beschreibt Balfars Interesse am Kauf von mindestens 100.000 Tonnen Solar-Glas jährlich zu einem Preis von 750 USD pro Tonne (FOB), sobald das Solar-Glas-Werk von Homerun die Produktion aufnimmt.
Zusätzlich haben beide Unternehmen vereinbart, eine potenzielle Joint Venture (JV) zu erkunden, die sich auf Balfars Geschäft mit Solarmodulen konzentriert. Die JV zielt darauf ab, die Verkaufszahlen von Solarmodulen auf dem brasilianischen Markt zu steigern und die vertikal integrierten Verkäufe von Homeruns Silikatsand und Solar-Glas zu sichern. Diese Zusammenarbeit bietet auch einen Weg für Homeruns Perowskit-Solarinitiativen.
Die Vereinbarung ist unverbindlich und wird durch verbindliche Vereinbarungen ersetzt, sobald die Entwicklung der Solarmodul-JV und/oder das Solar-Glas-Werk eine bankfähige Machbarkeitsstudie erreicht. Dies markiert Phase 3 von Homeruns strategischem Fahrplan, um ein vollständig integriertes Materialunternehmen zu werden.
- Non-binding offtake agreement for 100,000 tonnes/year of solar glass at USD 750/tonne
- Partnership with top-3 Brazilian solar panel manufacturer
- Potential JV expansion into Brazilian solar module market
- Vertical integration opportunity in silica sand and solar glass supply chain
- Agreement is non-binding and conditional on future milestones
- Solar glass plant not yet operational
- Bankable Feasibility Study still pending
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has signed a non-binding offtake agreement with Balfar Solar Indústria Fotoelétrica S/A ("Balfar").
Balfar is an established top-three manufacturer of solar panels in Brazil, with operations in the city of Parnavaí, PR, and currently sources its solar glass needs through imports. Balfar is interested in purchasing the solar glass manufactured in Brazil, by Homerun.
Homerun is interested on supplying, and Balfar is interested in purchasing, a minimum of 100,000 (one hundred thousand) tonnes of solar glass per year, starting with the startup of production of the Homerun Solar Glass Plant. The initial price for the solar glass is set at USD 750 (seven hundred and fifty dollars) per tonne, Free On Board (FOB).
The parties have also agreed to initiate discussions on a potential Joint Venture (JV) over Balfar's solar module business, with the goal of expanding the resulting Joint Venture's sales of solar modules into the Brazilian Solar Market and through the JV, securing increased vertically integrated sales of Homerun's silica sand and solar glass. The JV also provides a pathway for Homerun's recently announced Perovskite Solar initiatives. Recent Brazilian regulatory and tariff transitions imposed on imported solar modules into Brazil provide a more competitive opportunity for domestic solar module producers.
This Agreement is non-binding and aims to outline the basic terms of the potential supply and JV arrangements between the Parties. It does not create any legal obligations or liabilities for either Party. The Parties agree that binding agreements shall supersede this Agreement, based on the development of the solar module JV and/or once the solar glass plant reaches a Bankable Feasibility Study.
This Agreement, is a crucial element of Phase 3 of the Homerun Strategic Roadmap, aiming to become a fully integrated materials company, scaling revenue across silica, advanced materials, solar and energy storage.
"Homerun is now recognized as a growing vertically integrated solar enterprise, by the key domestic players in the Brazilian solar industry. This Agreement opens the door for our continuing vertical integration into the sector, supporting our value creation strategy," stated Armando Farhate, COO of Homerun.
About Balfar Solar Indústria Fotoelétrica S/A (https://balfarsolar.com.br/)
Balfar Solar is a Brazilian company founded in 1964, located in the city of Paranavaí, in the northwest region of the State of Paraná. Pioneers in the manufacture of Solar Panels along with a complete portfolio of products and accessories for the installation of residential and commercial photovoltaic generating systems. Balfar Solar offers competitive and innovative solutions, where the quality of its products is guaranteed through a management system based on continuous improvements, technical and human development and partnerships with suppliers to guarantee customer satisfaction.
About Homerun (www.homerunresources.com)
Homerun (TSXV: HMR) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:
Advanced Materials
- Operating through ownership and partnerships to control two of Brazil's premier Silica Districts with in-place logistics.
- Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California - Davis.
- Developing silicon carbide and thermoelectric materials for next-generation battery solutions.
Energy Solutions
- Building Latin America's first dedicated high-efficiency solar glass manufacturing facility (365,000t/yr capacity).
- Commercializing the integration of Perovskite PV on solar glass technology (PSC is at +
25% solar efficiency and now commercializing globally as Tandem Solar). - Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company's high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.
With six profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company's HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.
Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.
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)
Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (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/242437
FAQ
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