Homerun Resources Inc. Executes Memorandum of Understanding with CEITEC for Silicon Carbide Wafer and Substrate Cooperation in Brazil

Homerun Resources Inc. has entered into a three-year Memorandum of Understanding with CEITEC, a state-owned Brazilian semiconductor company, to develop a vertically integrated local supply chain for Silicon Carbide (SiC) substrates and wafers in Brazil. The partnership combines Homerun’s high-purity silica resources from the Santa Maria Eterna (SME) district with CEITEC’s microelectronics fabrication expertise.

Under the agreement, CEITEC will provide technical specifications, support physical validation, and contribute manufacturing expertise to establish a complete SiC value chain. Homerun will develop high-purity SiC materials, coordinate raw material processing and thermal consolidation, and collaborate on a technology roadmap for qualification and industrialization. The initiative focuses on the 4H-SiC polytype, targeting defect-free, high-purity materials for power electronics and advanced integrated circuits.

The agreement is non-binding and establishes general guidelines for technical and institutional cooperation, with offtake by CEITEC intended to foster the local supply chain.

Homerun Resources Inc. (HMR) announced a strategic validation of its advanced materials roadmap, specifically the transition from industrial-grade (3N) silica to semiconductor-grade (4N/5N) SiC substrates. The announcement is a non-binding memorandum of understanding (MOU) that carries no immediate financial obligation or guaranteed revenue. It serves as a logical follow-up to previous technical partnerships with UC Davis and NREL, demonstrating consistent execution on the company's stated technology verticals.

While the news is positive for long-term positioning, it does not alter the company's immediate liquidity reality. The market already priced in the SiC pathway through prior UC Davis and NREL announcements. The primary risk remains execution and capital, as the MOU does not provide funding and the company's cash position is critically low. The announcement is incremental and expected within the broader strategic narrative.

Homerun Resources Inc. (HMR) is developing a vertically integrated, silica-powered clean energy platform in Belmonte, Bahia, Brazil. Its flagship project is the Santa Maria Eterna (SME) Silica Sand District, which comprises over 200 million tonnes of high-purity, low-iron silica sand.

The company operates across four verticals: High-Purity Silica (3N/4N/5N purification), Solar (1,000-tonne-per-day antimony-free solar glass manufacturing), Energy Storage (silica-based thermal energy storage), and Energy Solutions (AI-enabled energy management systems). Homerun Resources has secured full mining permits, completed a Bankable Feasibility Study for the solar glass plant, and executed multiple strategic partnerships and offtake agreements.