Business
Homerun Resources Inc. Announces Five-Fold Increase in Solar Glass Offtake with Sengi Solar from 20,000 to 100,000 Tonnes per Year Priced at USD 750 per Tonne
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Homerun Resources Inc. (TSXV:...
About this update from Homerun Resources Inc.
[{"type":"text","content":"Homerun Resources Inc. Announces Five-Fold Increase in Solar Glass Offtake with Sengi Solar from 20,000 to 100,000 Tonnes per Year Priced at USD 750 per TonneVancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (\"Homerun\" or the \"Company\") is pleased to announce that the Company has signed an amendment to its non-binding offtake agreement with Sengi Solar Importação e Exportação Indústria e Comércio (\"Sengi\") signed on February 4, 2025 (see press release dated February 10, 2025).The amendment has the sole purpose of increasing the minimum quantities per year, originally set as a minimum of 20,000 (twenty thousand) tonnes of solar glass per year, and now increased to a minimum of 100,000 (one hundred thousand) tonnes per year. The price per tonne for the solar glass remains at USD 750 (seven hundred and fifty dollars), Free on Board (FOB) plant in Belmonte, Bahia, Brazil.This amendment reflects recent developments in the Brazilian solar panel market, including rising tariffs on imports and the reduction of tariff exemptions for imported equipment, and positive long-term perspectives for clean energy demand in Brazil, particularly due to the country's increasing attractiveness for the installation of data centers supporting Artificial Intelligence processing.\"Homerun has completed a number of key deliverables since the signing of the original offtake agreement, which reassures partners like Sengi, regarding the importance and viability of our project. Signing this amendment reflects increasing demand for domestic solar production in Brazil and offtake partner confidence that our solar glass manufacturing plant is headed to success,\" stated Armando Farhate, COO of Homerun.About Sengi Solar Importação e Exportação Indústria e Comércio(https://www.sengisolar.com.br/) Sengi Solar is a privately owned Brazilian company dedicated to the manufacturing of high-quality photovoltaic modules. Specializing in cutting-edge solar technology, the company produces efficient and durable solar panels designed for residential, commercial, and industrial applications. With a strong commitment to sustainability and innovation, Sengi Solar actively invests in research and development (R&D) to advance solar en...