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Homerun Resources Inc. has signed a non-binding Memorandum of Understanding (MOU) with Halocell Energy Pty to collaborate on developing and producing high-efficiency solar solutions. Halocell is a leader in perovskite solar cell technology, which has shown significant improvement in efficiency over the years. The partnership aims to leverage disruptive technologies for competitive advantage in the solar industry. Homerun plans to integrate Halocell's solutions into their solar vertical, utilizing silica sand resources in Brazil. The MOU outlines technical assistance and collaboration to optimize outdoor Solar Glass / PSC solutions.
Homerun Resources Inc. announces an update from CEO Brian Leeners on the Company's business developments, highlighting a successful Phase One in the silica sand sector with a 40-year partnership in Brazil. The company is focusing on increasing the value of its assets and has compressed development timelines. Strategic partnerships for production logistics are in progress, aiming to reduce financing needs. Vertical integration plans include solar glass and battery production pathways. The company emphasizes social and environmental benefits, investing in education programs and green processes. Shareholder value creation is a priority, with plans to expedite resource to production and communicate developments throughout 2024.
Homerun Resources Inc. has appointed Armando Farhate as the new Chief Operating Officer, bringing 36 years of industry experience, with a focus on mining. Farhate has held C-Level positions in various countries and is currently a Director on multiple Canadian mining boards. His expertise in Operations, Sales & Marketing, Engineering, and Mineral Resource Development will benefit the company, particularly in the electric vehicle sector. Farhate's appointment signals positive growth potential and strategic leadership for Homerun Resources.
Homerun Resources Inc. has successfully closed a private placement financing, raising $1 million in gross proceeds. The company issued 2,001,300 units, each consisting of a common share and a warrant exercisable at $0.75 for 24 months. Three insiders subscribed to the financing for $100,000. Proceeds will be used for silica district development, research and development, operations, and business development.