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Homerun Resources Inc. Application Submission to BNDES and FINEP Strategic Minerals Transformation Funding Call
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Homerun Resources Inc. (TSXV: HMR)...
About this update from Homerun Resources Inc.
[{"type":"text","content":"Homerun Resources Inc. Application Submission to BNDES and FINEP Strategic Minerals Transformation Funding CallVancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (\"Homerun\" or the \"Company\") is pleased to announce the submission of its comprehensive proposal to the recent public call for strategic mineral transformation funding, jointly launched by the National Bank for Economic and Social Development (BNDES) and the Brazilian Funding Authority for Studies and Projects (FINEP). The Call, which closed on April 30, 2025, attracted 124 proposals from across the sector, reflecting strong industry interest in advancing Brazil's role in the global energy transition.Homerun's application stands out as the only proposal from a silica/silicon company, highlighting the Company's unique position and innovative approach within Brazil's critical minerals landscape. The proposal leverages Homerun's advanced silica resource and focuses on the transformation of raw material into high-value solar glass. This aligns directly with the Call's emphasis on fostering innovation, industrialization, and the development of sustainable production chains for strategic minerals such as silicon-an essential component for photovoltaic and energy transition technologies.The Company's business case is uniquely tailored to the objectives of the BNDES and FINEP initiative, which seeks to boost domestic value addition, create skilled jobs, and stimulate local economies. Homerun's project will not only advance technological innovation but also prioritize hiring and training a local workforce, thereby generating significant socioeconomic benefits in the regions where it operates.The R$5 billion (US$824 million) funding program is part of the New Industry Brazil initiative and is designed to support both large-scale industrial plants and pilot projects, with a focus on research, development, and innovation (R&D&I). With approximately R$8 billion reserved for investments in company equity-partly in partnership with mining leader Vale-the initiative is expected to leverage substantial additional private investment and accelerate Brazil's leadership in sustainable, low-carbon mineral supply chains.All proposals, including Homerun's, are currently under review by BNDES and FINEP. The Company will pr...