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This LOI permits Homerun to accumulate all exploitation rights and obligations presently held by Pedreiras below the CBPM Lease, on a measured useful resource of 32 million tonnes (auger drilled to eight metres) filed on the ANM and is totally permitted with a royalty cost to CBPM of R$30.17 per extracted tonne. (the “Acquisition”).
That is now the third CBPM lease acquisition by Homerun marking a major step within the persevering with strategic plan to consolidate management over the Santa Maria Eterna Silica Sand District. By controlling the district, Homerun secures uninterrupted entry to a singular large-tonnage high-purity silica sand district, solidifying provide chains, enabling a aggressive benefit in vertical integration, attaining pricing energy and eradicating market competitors. It additionally strengthens Homerun’s place when looking for funding or strategic companions because the Firm can provide certainty of safe long-life provide and scale. The Firm’s goal useful resource over the areas of the three acquisitions now exceeds 200 million tonnes, together with a present NI 43-101 mineral useful resource estimate of 63 million tonnes. This strategic consolidation has been achieved for whole capital outlay of US$2.1 million, a fraction of the implied worth primarily based on the US$150 per tonne switch value for the deliberate main use-case within the Firm’s Photo voltaic Glass Manufacturing facility which is being constructed subsequent to those sources.
Brian Leeners, CEO of Homerun acknowledged, “This marks a significant milestone for Homerun. With district management we’re positioned to unlock the total potential of Santa Maria Eterna. Our staff has delivered this consolidation with minimal capital, laying the muse for important worth creation as we advance in direction of manufacturing. We need to thank our administration staff for this effort in strategically constructing important asset worth for Homerun and its shareholders.”
The transaction will likely be settled with US$1,200,000 in Homerun widespread shares (valued at CA$1.00 per share) and US$200,000 in share buy warrants (exercisable at CA$1.00 per share). The issuance of the Homerun widespread shares and warrants will likely be topic to plain director, shareholder and regulatory approvals and particularly the approval of the TSX Enterprise Change. The Homerun widespread shares issued below the phrases of this settlement will likely be topic to a typical 4-Month statutory maintain interval. Pedreiras agrees to contact Homerun concerning the sale of any Homerun widespread shares and in addition agrees to restrict the sale of the Homerun widespread shares in any given month to 100,000 if required to promote.
Determine 1: location of current Homerun managed claims by way of CBPM Lease Settlement (crimson and blue) and the brand new claims below the Pedreiras Settlement (in black).
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About Homerun (www.homerunresources.com)
Homerun (TSXV: HMR,OTC:HMRFF) is a vertically built-in supplies chief revolutionizing inexperienced power options by way of superior silica applied sciences. As an rising power outdoors of China for high-purity quartz (HPQ) silica innovation, the Firm controls the total industrial vertical from uncooked materials extraction to cutting-edge photo voltaic, battery and power storage options. Our dual-engine vertical integration technique combines:
Homerun Superior Supplies
- Using Homerun’s strong provide of excessive purity silica sand and quartz silica supplies to facilitate home and worldwide gross sales of processed silica by way of the event of a 120,000 tpy processing plant.
- Pioneering zero-waste thermoelectric purification and superior supplies processing applied sciences with College of California – Davis.
Homerun Power Options
- Constructing Latin America’s first devoted high-efficiency, 365,000 tpy photo voltaic glass manufacturing facility and pioneering new photo voltaic applied sciences primarily based on years of expertise as an business chief in creating photovoltaic applied sciences with a specialization in perovskite photovoltaics.
- European chief within the advertising, distribution and gross sales of other power options into the business and industrial segments (B2B).
- Commercializing Synthetic Intelligence (AI) Power Administration and Management System Options ({hardware} and software program) for power seize, power storage and environment friendly power use.
- Partnering with U.S. Dept. of Power/NREL on the event of the Enduring long-duration power storage system using the Firm’s high-purity silica sand for industrial warmth and electrical energy arbitrage and complementary silica purification.
With a number of revenue facilities constructed throughout the vertical technique and all gaining financial benefit using the Firm’s HPQ silica, throughout, photo voltaic, battery and power storage options, Homerun is positioned to capitalize on high-growth world power transition markets. The three-phase growth plan has achieved all key milestones in a well timed method, together with authorities partnerships, scalable logistical market entry, and breakthrough IP in superior supplies processing and power options.
Homerun maintains an uncompromising dedication to ESG rules, deploying the cleanest and most sustainable manufacturing applied sciences throughout all operations whereas benefiting the individuals within the communities the place the Firm operates. As we advance income era and vertical integration in 2025, the Firm continues to ship shareholder worth by way of strategic execution throughout the unstoppable world power transition.
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The knowledge contained herein accommodates “forward-looking statements” throughout the which means of relevant securities laws. Ahead-looking statements relate to data that’s primarily based on assumptions of administration, forecasts of future outcomes, and estimates of quantities not but determinable. Any statements that categorical predictions, expectations, beliefs, plans, projections, goals, assumptions or future occasions or efficiency aren’t statements of historic reality and could also be “forward-looking statements”.
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
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