Homerun nears BFS completion for Brazil plant

Executive Summary

• Homerun Resources announced that the Bankable Feasibility Study (BFS) for its antimony-free solar glass manufacturing plant in Bahia, Brazil, is nearing completion, with the final presentation scheduled for the week of April 20 in Sao Paulo (Campinas).
• The BFS, conducted by DTEC PMP GmbH, utilizes high-purity, low-iron silica from the company's Santa Maria Eterna Silica Sand Resources and indicates a "very positive trend" for the project's realization.
• Concurrently, the company reported ongoing financing discussions with prospective consortium finance parties and announced the resignation of board member Stephen Burega.

Key Details

• BFS Status: The Bankable Feasibility Study is in its final stages, with formal notice of presentation scheduled for an in-person meeting in Sao Paulo (Campinas) during the week of April 20. Final completion and handover are expected within the following days.
• Project Basis: The BFS leverages high-purity, low-iron silica from the proximal Santa Maria Eterna Silica Sand Resources in Belmonte, Bahia, Brazil.
• Financial Progress: Meetings regarding solar glass project financing with prospective consortium finance parties have been continuing prior to and during the BFS term.
• Management Change: Stephen Burega has resigned from the company's board of directors.
• Strategic Context: The company views the rapid completion of the BFS as rare for projects of this scale, citing quality project parameters and team focus. The next phase is identified as the financing stage.

Notable Quotes

• Brian Leeners, CEO: "When we engaged DTEC in November, 2025, to lead a full bankable feasibility study on our antimony-free solar glass project, we understood that this is typically a much longer process for projects of this scale and complexity. To be approaching completion of the BFS within this time frame is rare in the materials industry and speaks to the quality of the underlying project parameters, the responsiveness of our partners, and the focus of the combined Homerun, SORG and DTEC teams."
• Brian Leeners, CEO: "As we move toward hand-over of the BFS documentation, we believe we are positioning Homerun to move quickly into the next phase of project development, which is the financing stage."