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Homerun Resources Inc. Announces Receipt of Budgetary Offer for Latin America's First Dedicated Solar Glass Manufacturing Facility
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2024) - Homerun Resources Inc. (T...
About this update from Homerun Resources Inc.
[{"type":"text","content":"Homerun Resources Inc. Announces Receipt of Budgetary Offer for Latin America's First Dedicated Solar Glass Manufacturing FacilityVancouver, British Columbia--(Newsfile Corp. - October 3, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (\"Homerun\" or the \"Company\") is pleased to announce its plans and receipt of a Budgetary Offer to build Latin America's first dedicated solar glass manufacturing facility with a production capacity of 1000 tonnes per day of low-iron solar glass. The Company has now received a 173 page Budgetary Offer from HORN Glass Industries AG, a leading global supplier of state-of-the-art glass production plants.Key highlights of the proposed solar glass production facility include:CAPEX of EURO 151.5 million for Latin America's First Solar Glass Manufacturing FacilityLand, building, locally acquired ancillary equipment and assembly labor are to be added to this CAPEX to determine Total CAPEXProduction of ultra-clear solar glass with low iron content, ideal for high-efficiency solar panelsLarge regenerative cross-fired glass melting furnace with advanced batch plant and cullet return systemModern distributor and forehearth systems for precise temperature controlAdvanced control and automation systems throughout the plantDesigned for high energy efficiency and low emissions, with flue gas treatment systemsNatural gas as primary fuel, with fuel oil backup capability\"This project represents a major vertical integration step in Homerun's strategy to harness our high purity Belmonte silica sand to become a leader in the production of key materials for renewable energy from the first facility of its kind in Latin America,\" said Brian Leeners, CEO of Homerun. \"The proximity of Homerun's high purity, low iron silica sand assets, and the recently announced logistics plan, along with the low CAPEX requirements for the HORN solar glass production facility should place the Company as a key supplier of solar glass to the rapidly growing solar energy industry supply chain in the Americas1.\"The Company is currently evaluating potential sites for the facility in the area of Camacari in the State of Bahia, Brazil. Sites with full infrastructure, electric power, water, natural gas pipeline and proximity to the deep seaport of Aratu are currently being reviewed. Further details on project timelin...