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Homerun Resources Inc. Announces Positive Bankable Feasibility Study on Solar Glass Manufacturing Plant in Brazil, Confirming Strong Economics and Strategic First-Mover Position in the Americas
BFS HIGHLIGHTS Base-case NPV of approximately US$670 million (and US$829 at 105% production) ...
About this update from Homerun Resources Inc.
[{"type":"text","content":"Homerun Resources Inc. Announces Positive Bankable Feasibility Study on Solar Glass Manufacturing Plant in Brazil, Confirming Strong Economics and Strategic First-Mover Position in the AmericasBFS HIGHLIGHTSBase-case NPV of approximately US$670 million (and US$829 at 105% production)IRR of 20.2% at 100% production (and 23.1% at 105% production) significantly exceeding the Project's estimated WACC of 4.6%, indicating substantial value creation above the cost of fundingAfter startup in 2028, indicative gross margin of approximately 50% at projected 2030 domestic pricingAfter startup in 2028, estimated specific operating costs of approximately US$520.2 per tonne by 2030 and US$581.2 per tonne in 2033, compared to projected domestic selling prices of approximately US$1,033 per tonne and US$1,196 per tonne, respectivelyPlant designed to reach full run-rate solar glass production of approximately 288,300 tonnes per annum from Year 5 of operations (SORG furnaces are designed to operate at up to 10% above their nominal capacity)Estimated payback period of approximately 7.6 yearsEstimated total initial CAPEX of approximately US$396.5 million, net of VAT and other local taxesEstimated annual revenue of US$ 294.3 million and OPEX of approximately US$143.3 million in 2030, and approximately US$ 344.9 / US$167.6 million in 2033 after ramp-upThe glass furnace is designed for a 15-year operating campaign, with depreciation modeled conservatively over 20 yearsProject start contemplated in November 2026 subject to financing and advancement of detailed engineering and approvalsStrategic location in Belmonte, Bahia, neighbouring Homerun's commanded low-iron silica sand mine and offering room for a potential second production line which market projections indicate as very likely to be required in the medium termThe BFS projects 474 direct employees - 7 managers and 467 engineers and technical staffThe plant design incorporates an on-site photovoltaic power system, reducing grid dependency and supporting the Company's lower-carbon production mandateNo current solar pattern glass manufacturer identified in the Americas in the BFS, supporting a potential first-mover advantage for HomerunProject site video available here: VIDEOVancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (\"H...