Homerun Resources Inc. Engages Minerali Industriali Engineering for Third Party Confirmation Testing and Reporting on the Santa Maria Eterna Silica Sand for the Manufacture of Antimony-Free Solar Glass as a Key Deliverable Under the Solar Plant Bankable F

The most recent news release dated 2025-11-18 announces that Homerun Resources Inc. has engaged Minerali Industriali Engineering Srl (MIE) for third-party confirmation testing and reporting on its Santa Maria Eterna silica sand. This testing is specifically for its suitability in the manufacture of antimony-free solar glass and is identified as a key deliverable under the Bankable Feasibility Study (BFS) for the company's planned solar plant. Armando Farhate, COO, stated that MIE's expertise is important for this deliverable as Homerun moves towards becoming the first solar glass manufacturer in Latin America.

This news is a routine, positive step in the ongoing development of Homerun's vertically integrated solar glass strategy. It follows the announcement on 2025-11-13 of engaging DTEC PMP GmbH to lead the overall Bankable Feasibility Study (BFS) for the solar glass manufacturing project, and the 2025-10-08 announcement about the company's ability to produce 100% antimony-free solar glass.

Engaging a third-party engineering firm like MIE for confirmation testing of the silica sand is a necessary and prudent step in de-risking the technical aspects of the solar glass project and validating the quality of Homerun's raw material for this specific application. This independent verification adds credibility to the company's claims regarding its high-purity silica's suitability for advanced solar glass.

However, this announcement does not present new strategic initiatives, unexpected financial injections, or significantly alter the company's known timeline or project scope beyond what was previously communicated. It confirms that the BFS is progressing as planned and that technical due diligence is being conducted. Therefore, while positive, its impact is incremental and expected, fitting within the routine progression of a large-scale industrial project. It does not introduce a new catalyst that would materially change the investment thesis or valuation in the short term, especially given the ongoing financing challenges.

Homerun Resources Inc. (HMR) positions itself as a vertically integrated materials leader dedicated to green energy solutions through advanced silica technologies. The company operates with a "dual engine" strategy: Homerun Advanced Materials and Homerun Energy Solutions.

Flagship Project - Belmonte Silica Sand District, Bahia, Brazil: * Resource: The company has released a NI 43-101 compliant Mineral Resource Estimate (MRE) (April 29, 2025) for the Belmonte project, identifying Measured Resources of 25.56 million tonnes and Inferred Resources of 38.35 million tonnes, with an average SiO2 content of >99.67%. * Permitting: The project has secured key regulatory approvals, including an Environmental License from the Municipality of Belmonte (December 13, 2024) and approval of its Final Exploration Report by Brazil's National Mining Agency (ANM) (August 21, 2025), indicating it is fully permitted for immediate extraction. * Consolidation: Homerun has actively consolidated control over the Santa Maria Eterna silica sand district through agreements to acquire mineral rights, including the Guidoni Belmonte District (February 12, 2025) and the Pedreiras mining tenement (September 12, 2025). * Development Plan: The company is advancing towards building a silica purification plant (initial capacity 120,000 tonnes per year) and a solar glass manufacturing facility (1,000 tons per day or 365,000 tonnes per year) in Belmonte. It is leveraging its high-purity silica to produce 100% antimony-free solar glass, a key market differentiator. * Government Support: The company has secured a Memorandum of Understanding (MoU) for land donation, infrastructure, and services from the Municipality of Belmonte and other key public entities in Bahia, Brazil (May 13, 2025), with the formal land expropriation decree issued (June 4, 2025). It has also been selected by the Brazilian National Development Bank (BNDES) and Brazilian innovation agency (FINEP) for the Detailed Work Plan phase of their Strategic Minerals Transformation Funding (June 12, 2025). * Offtake Agreements: Homerun has signed non-binding offtake agreements for high-quality solar glass with major Brazilian solar panel manufacturers like Sengi Solar (20,000 tonnes/year, February 10, 2025), Balfar Solar (100,000 tonnes/year, February 26, 2025), and Brasil Fotovoltaico (180,000 tonnes/year, September 16, 2025), totaling 300,000 tonnes, which covers a significant portion of its planned initial plant capacity.

Other Key Initiatives: * Homerun Energy Solutions (formerly Halocell Europe SRL): Acquired on March 6, 2025, this subsidiary focuses on perovskite photovoltaic technologies, AI energy management and control systems, and marketing/distribution of alternative energy solutions in Europe and other regions. Homerun also holds a strategic investment in Halocell Energy Limited (Australia), a perovskite solar technology developer. * Advanced Materials R&D: The company is collaborating with UC Davis Materials Science and Engineering on Silicon Carbide (SiC) synthesis using its silica and Bahia Graphite's graphite (July 8, 2025), and also on advanced purification methods for silica using femtosecond lasers (May 6, 2025). * Energy Storage: Collaboration with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) on the Enduring Energy Storage System, utilizing Homerun's silica (November 26, 2024). * Spruce Pine Silica Project: Exclusive evaluation agreement for a high-purity silica project in Spruce Pine, North Carolina, known for supplying a significant portion of the world's high-purity quartz (May 8, 2025). * Canindé Project: Discovery of high-purity quartz lumps in Northeast Brazil (December 12, 2024), suitable for the silicon industry.