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Homerun Resources Inc. Selected by BNDES and FINEP for Strategic Minerals Transformation Funding
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2025) - Homerun Resources Inc. (TSX...
About this update from Homerun Resources Inc.
[{"type":"text","content":"Homerun Resources Inc. Selected by BNDES and FINEP for Strategic Minerals Transformation FundingVancouver, British Columbia--(Newsfile Corp. - June 12, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (\"Homerun\" or the \"Company\") is honoured to announce that following the Company's May 9th news release confirming the submission of the proposal for the strategic minerals funding initiative, the Company has been selected as one of the companies to proceed to the Detailed Work-Plan phase of the joint public call issued by the Brazilian National Development Bank (BNDES) and the Brazilian innovation agency (FINEP), Call No. 753.Selection into the next phase, Detailed Work Plan (\"DWP\"), positions Homerun to access a broad suite of funding instruments - 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.The Company will now prepare and submit a comprehensive DWP detailing milestones, budgets and socio-environmental commitments for the industrialization of the Belmonte Silica Project. Once evaluated and approved, the DWP will enable Homerun to negotiate definitive financing and funding agreements that can support construction of processing facilities, technology scale-up and workforce development.The Company's selection represents a significant achievement, considering the initiative attracted 124 proposals from across Brazil's strategic minerals sector, with Homerun standing as the only silica/silicon-focused company among the selected recipients.Brian Leeners, CEO of Homerun Resources, stated: \"We are profoundly grateful to BNDES and FINEP for recognizing Homerun's potential contribution to Brazil's strategic minerals transformation. Being selected as one of the companies from over 120 applications represents validation of our innovative and integrated approach to transforming high-purity silica to solar and battery solutions. We are eager to complete the process toward the specific funding allocation that will be made available to advance our solar glass production and silica processing capabilities. This selection positions Homerun at the forefront of Brazil's energy tra...