Business
Homerun Resources Inc. Receives Joint Support Plan from BNDES and FINEP Indicating Financial Instruments Available to Support Homerun's Business Plan
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - Homerun Resources Inc. (TSX...
About this update from Homerun Resources Inc.
[{"type":"text","content":"Homerun Resources Inc. Receives Joint Support Plan from BNDES and FINEP Indicating Financial Instruments Available to Support Homerun's Business PlanVancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (\"Homerun\" or the \"Company\") is honoured to announce that following the Company's June 12th news release confirming the selection of Homerun's business plan to proceed to the Detailed Work-Plan phase for the strategic minerals funding initiative, the Company has now received a joint support plan from the public call issued by the Brazilian National Development Bank (BNDES) and the Brazilian innovation agency (FINEP), Call No. 753.The joint support plan indicates the financial instruments available to Homerun within the scope of both institutions to support Homerun's business plan - including long-term credit lines, equity investments, non-reimbursable funds and economic subsidies designed to accelerate high-impact mineral-transformation projects from the landmark USD $815 million strategic minerals transformation initiative jointly launched by BNDES and FINEP.Below is a list of the Products/Programs/Lines that may be utilized, provided the requirements of each instrument are duly met:Program/LineFinancial CostBNDES RateTermMax. ValueClimate Fund - Green Industry6.5% per yearStarting at 1.3% per yearUp to 16 years, including up to 5 years of grace periodR$ 500 million per economic group every 12 monthsMore Innovation - Investments in R&D&IReference Rate (TR)Starting at 2.7% per yearUp to 16 years, including up to 4 years of grace periodR$ 300 million per economic group per calendar yearMore Innovation - Pioneeering Plants50% of TR + 50% of Selic, TLP, or USDStarting at 2.7% per year (TR portion) + 1.1% per year (Selic, TLP, or USD portion)Up to 16 years, including up to 4 years of grace periodR$600 million (including $300 million in TR) per economic group per calendar yearFINEM - Productive CapacitySelic, TLP, or USDStarting at 1.1% per yearUp to 20 years, including a grace period of up to 6 months after operations begin80% of the project value, capped at 100% of fundable items In addition to the facilities mentioned above, other long-term financing options are available. Homerun will now submit the financial support requests for final an...