Homerun Resources Inc. Announces Signing of Definitive Surface Rights Agreement for the Installation of Its Industrial Projects in Santa Maria Eterna, Belmonte, Bahia, Brazil

On December 15, 2025, Homerun Resources announced it has signed a definitive 99-year surface rights agreement for 64 hectares of land in Santa Maria Eterna, Bahia, Brazil. This agreement, which is renewable for another 99 years, grants the company the legal rights to construct its planned industrial complex for silica processing and solar glass manufacturing. This definitive agreement replaces a previously announced non-binding Memorandum of Understanding (MoU) for a municipal land donation. Key terms allow Homerun to use the surface rights as collateral for financing and independently secure permits. The Municipality of Belmonte has also provided a letter of support committing up to USD $400,000 for local infrastructure improvements, including road paving.

This is a material positive development that significantly de-risks the company's flagship project. While the company announced an MoU for land donation on May 13, 2025, an MoU is a statement of intent and carries no legal weight. This definitive surface rights agreement provides the legal certainty and land tenure required to advance project financing and construction.

Key positive impacts: - De-risking Project Finance: Securing long-term land control is a critical prerequisite for any major project financing. The ability to use these surface rights as collateral strengthens the company's position with potential lenders for the substantial capital expenditure required for the processing and manufacturing plants. - Execution Confirmation: It demonstrates management's ability to convert a non-binding agreement into a legally enforceable one, a crucial sign of execution capability. This follows a series of positive developments, including closing over C$7.5 million in financing and receiving excellent metallurgical test results in the preceding weeks. - Government Support: The additional USD $400,000 commitment from the municipality for infrastructure, while modest compared to the overall project cost, provides tangible evidence of local government support, which is critical for permitting and operational success in Brazil.

The news directly addresses a major uncertainty and moves the project from the planning and agreement-in-principle stage to one with secured land tenure, ready for the next phase of development upon completion of the Bankable Feasibility Study (BFS). This is a critical step in the company's stated timeline.

Homerun Resources Inc. is positioning itself as a vertically integrated company focused on the green energy transition. Its business is built on two pillars: Homerun Advanced Materials and Homerun Energy Solutions. The company's flagship asset is the Santa Maria Eterna high-purity silica sand project in Belmonte, Bahia, Brazil. The strategic plan is to mine and process this silica to supply its own planned 1,000-tonne-per-day antimony-free solar glass manufacturing facility, which would be the first of its kind in Latin America. The company is also pursuing various technology initiatives, including perovskite solar cells (via the acquisition of Halocell Europe), an AI-driven energy management platform ("The Hub"), and silica-based thermal energy storage in partnership with the US National Renewable Energy Laboratory (NREL).