Homerun provides overview of 2025

Executive Summary

• Homerun Resources Inc. released its 2025 Year in Review, highlighting strategic execution across its four verticals: silica, solar, energy storage, and energy solutions.
• The company consolidated its Santa Maria Eterna (SME) silica sand resource in Brazil, securing full mining permits and acquiring the final lease to control over 200 million tonnes of high-purity silica sand.
• Significant progress was made in the solar glass vertical, including independent validation of antimony-free production capabilities, engagement of DTEC Engineering for a bankable feasibility study, and execution of non-binding offtake agreements.
• The company expanded its energy solutions portfolio through the acquisition of Halocell Europe (Homerun Energy SRL), securing perovskite PV IP and AI energy management technology, and entered a binding agreement to acquire 60% of SeisSolar Fotovoltaic.
• Corporate financing activities included a $6.0-million institutional investment and a $3.1-million private placement, alongside securing access to Brazilian government funding frameworks.

Key Details

• Silica Resource & Permits:
  • National Instrument 43-101-compliant maiden resource estimate: 63.91 million tonnes (25.56 Mt measured, 38.35 Mt inferred) at 99.6% SiO2.
  • Consolidated SME silica sand target: >200 million tonnes across three directly leased areas in Belmonte, Bahia, Brazil.
  • Fully permitted mining status granted by the National Mining Agency (ANM) of Brazil.
  • Acquired third and final CBPM lease (Pedreiras do Brasil S.A.) for ~$2.1 million USD, adding 32 million tonnes of measured resource.
  • Independent testing by Dorfner Anzaplan confirmed raw silica achieves 99.9694% SiO2 with iron levels as low as 0.34 ppm.
• Solar Glass Development:
  • Validated ability to produce 100% antimony-free solar glass, addressing global regulatory trends (EU Ecolabel, US EPA).
  • Engaged DTEC Engineering for a bankable feasibility study for a 1,000-tonne-per-day manufacturing facility.
  • Secured 64 hectares of land via a 99-year surface right agreement next to resources.
  • Executed non-binding offtake agreements with Sengi Solar (min. 20,000 tonnes/year) and Balfar Solar (min. 100,000 tonnes/year) at $750 USD/tonne FOB.
• Energy Solutions & M&A:
  • Acquired Halocell Europe (renamed Homerun Energy SRL), securing perovskite photovoltaic IP and AI energy management solutions.
  • Binding agreement to acquire 60% of SeisSolar Fotovoltaic of Spain.
  • Executed global IP agreement (option) with Alliance for Sustainable Energy LLC (operator of NREL) for particle-based long-duration thermal energy storage commercialization.
  • Filed new patents for integrated silica-TES systems.
  • Launched pilot EV charging infrastructure with battery energy storage in the UK.
• Financing & Government Partnerships:
  • Closed $6.0-million institutional investment from Sorbie Bornholm LP.
  • Closed $3.1-million private placement.
  • Selected by BNDES and FINEP for the Strategic Minerals Transformation Detailed Work Plan, positioning for access to $815-million USD in government funding.
  • Signed multiparty MOU with CBPM, BahiaGas, SECTI, and municipality of Belmonte for utilities, tax incentives, and infrastructure support.
• 2026 Priorities:
  • Commence commercial mining of consolidated Belmonte district resources.
  • Advance 1,000-tonne-per-day solar glass facility through BFS completion and construction.
  • Advance ultrapure silica purification plant development.
  • Continue pilot-scale demonstrations for energy management systems.
  • Advance U.S. DoE/NREL partnership on commercial thermal energy storage.

Notable Quotes

• "Two thousand twenty-five was about deep execution and derisking across our four sectors... Two thousand twenty-six is the year we transition from development to leveraging development toward commercial operations and shareholders will see the transition of the last three years of hard work into fundamental value and cash flow." — Brian Leeners, CEO
• "We understand that share price performance in 2025 has been frustrating for many shareholders... Building a vertically integrated, multicontinent energy transition materials company is extraordinarily complex... These adjustments... were not taken lightly. Each decision was made with a singular focus: what creates the most shareholder value and ensures the longevity and resilience of our company." — Management Message