Homerun Resources Inc. Announces Letter of Intent with SORG Group (Germany) for Completion of the Antimony-Free Solar Glass Manufacturing Plant in Santa Maria Eterna, Bahia, Brazil

On January 21, 2026, Homerun Resources Inc. (HMR) announced a Letter of Intent (LOI) with Nikolaus Sorg GmbH & Co. KG (SORG), a prominent German glass technology provider. The agreement outlines the cooperation for the completion of a 1,000 tonne-per-day (tpd) antimony-free solar glass manufacturing plant in Santa Maria Eterna, Bahia, Brazil.

Key components of the LOI include: * Role Designation: SORG is appointed as the technology provider and equipment supplier for the facility. * Contingencies: A binding formal contract is expected only after the successful completion of the Bankable Feasibility Study (BFS) and project financing. * Financing Angle: The parties will cooperate to secure German export credit financing (likely via Euler Hermes), leveraging SORG’s German domicile. * Strategic Context: This follows the company's listing on the Tradegate Exchange in Germany (Nov 2025), establishing a strategic European nexus for technology and capital.

This news is Material - Positive from a fundamental development perspective, though investors should remain cautious regarding the capital structure.

• Technology Validation: SORG is a Tier-1 global supplier in the glass industry. Their willingness to enter an LOI validates the technical viability of Homerun's silica resource and the conceptual design of the plant. It moves the project from a "mining exploration" story to a legitimate "industrial development" narrative.
• Financing Pathway: The most significant aspect of this news is the explicit mention of German export credit financing. Industrial plants of this magnitude (likely >$150M USD capex based on previous budgetary offers) are impossible for a junior explorer to finance through equity alone. Export credit agencies (ECAs) provide a realistic, non-dilutive debt pathway.
• Execution Risk: It is crucial to note this is an LOI, not a binding engineering, procurement, and construction (EPC) contract. The deal is contingent on the BFS, which implies significant work and cash burn are still required before the "turn of the first shovel" mentioned by the CEO can occur.

Homerun Resources Inc. is a vertically integrated materials company focused on the extraction and processing of high-purity silica sand and the manufacturing of solar glass.

• Flagship Project: Santa Maria Eterna (SME) Silica Sand District in Bahia, Brazil.
• Resource: Maiden Resource Estimate (Jan 2026) showed 25.56 Mt Measured and 38.35 Mt Inferred high-purity silica sand (>99.6% SiO2).
• Business Model: Unlike traditional miners, HMR intends to process the sand into solar glass domestically in Brazil, capturing the manufacturing margin rather than just selling raw ore.
• Infrastructure: The project benefits from government support (MoUs with Bahia State), including road paving and potential tax incentives.