Homerun Resources Inc. Announces Strategic MOU with Cebrace Brazil's Largest Float Glass Manufacturer
Homerun Resources Inc. (TSXV: HMR) has executed a Memorandum of Understanding (MOU) with Cebrace Cristal Plano Ltda., a joint venture between Saint-Gobain and NSG Group, to evaluate a strategic commercial partnership for the company's Solar Glass Manufacturing Facility in Bahia, Brazil. The potential partnership involves Cebrace supplying solar module back glass and providing strategic advisory services for the facility's development, implementation, and operation.
The agreement establishes an exclusive framework for evaluating a commercial relationship, including customary confidentiality and exclusivity provisions. Any commercial relationship is subject to satisfactory due diligence and the execution of definitive agreements.
If definitive agreements are reached, Homerun may reconfigure its manufacturing facility from the original plan to three front glass production lines and one hybrid line. The original Bankable Feasibility Study dated May 12, 2026, contemplated two front glass lines, one back glass line, and one hybrid line. Front glass is identified as the highest-value and highest-margin product, and increasing front glass capacity is intended to enhance the economics outlined in the feasibility study.
Recent milestones for the company include the completion of the solar glass manufacturing project's bankable feasibility study, acceptance under the Bahia Programa Desenvolve industrial incentive program, and the advancement of investment banking mandates and financing initiatives.
Brian Leeners, CEO & Director, Homerun Resources Inc., stated: "This MOU represents much more than an obvious economically beneficial supply relationship... It is an opportunity to combine Homerun's unique high-purity silica resources with the decades of technical expertise, operating experience and industrial leadership of Brazil's largest float glass manufacturer. The willingness of Cebrace to evaluate a strategic supply relationship with Homerun is a meaningful validation of our strategic vision."