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Homerun Resources Inc. Announces Updated Offtake Agreement with Brasil Fotovoltaico for the Supply of High-Quality Solar Glass
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Homerun Resources Inc. ...
About this update from Homerun Resources Inc.
[{"type":"text","content":"Homerun Resources Inc. Announces Updated Offtake Agreement with Brasil Fotovoltaico for the Supply of High-Quality Solar GlassVancouver, British Columbia--(Newsfile Corp. - September 16, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (\"Homerun\" or the \"Company\") is pleased to announce that the Company has updated and signed a non-binding offtake agreement with Brasil Fotovoltaico Ltda. (\"BRFV\"). Under the offtake agreement, Homerun will supply BRFV with a minimum annual volume of 180 thousand tonnes of solar glass manufactured by the Company in Belmonte, Bahia, Brazil. The initial price for the solar glass is set at USD 750 per tonne, Free on Board (FOB) the Homerun facility.\"This updated offtake agreement aligns with the plan to have the full initial capacity of the Homerun solar glass plant covered by offtake agreements with Brazilian operators. Homerun has now announced 300 thousand tonnes of solar glass offtake and based on current ongoing discussions for increased and new offtakes, that number is expected to grow to 450 thousand tonnes which will exceed the modeled 1000 tonne per day plant capacity. This offtake process continues to confirm Homerun's position as the go-to supplier for solar glass in Brazil. Homerun has drawn the attention of both existing and future solar module manufacturers in Brazil and upon the completion of the BFS, the Company will formalize these offtake agreements to remove market risk and to facilitate further CAPEX streams to finance the building of the facility,\" stated Armando Farhate, COO of Homerun.This Agreement is currently non-binding and aims to outline the basic terms for the supply 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 BRFV solar module facility and once the solar glass plant reaches a Bankable Feasibility Study (BFS).The BFS process is progressing on an expedited basis:Abundant silica resources are proximal to the solar glass plant location and permitted for extraction and processing.Discussions to utilize current processing plant capacity in the Santa Maria Eterna Silica Sand District are ongoing with a current supply partner.Location, production plant engineering and equipment s...