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Homerun Resources Inc. Application Submission to BNDES and FINEP Strategic Minerals Transformation Funding Call

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Homerun Resources Inc. (HMRFF) has submitted a proposal to the joint strategic mineral transformation funding call by Brazil's BNDES and FINEP. The company's proposal, focused on transforming silica into high-value solar glass, is notably the only silica/silicon-related submission among 124 proposals received.

The R$5 billion (US$824 million) funding program, part of the New Industry Brazil initiative, aims to support industrial plants and pilot projects focusing on R&D&I. The program includes R$8 billion for company equity investments, partially in partnership with Vale. Homerun's project emphasizes local workforce development and aligns with Brazil's goals for domestic value addition in strategic minerals for energy transition.

Homerun Resources Inc. (HMRFF) ha presentato una proposta al bando congiunto per il finanziamento della trasformazione strategica dei minerali promosso da BNDES e FINEP in Brasile. La proposta dell'azienda, incentrata sulla trasformazione della silice in vetro solare ad alto valore aggiunto, è l'unica tra le 124 presentate che riguarda la silice o il silicio.

Il programma di finanziamento da 5 miliardi di real (824 milioni di dollari USA), parte dell'iniziativa Nuova Industria Brasile, mira a sostenere impianti industriali e progetti pilota focalizzati su ricerca, sviluppo e innovazione (R&S&I). Il programma prevede inoltre 8 miliardi di real per investimenti azionari in aziende, in parte in collaborazione con Vale. Il progetto di Homerun punta allo sviluppo della forza lavoro locale e si allinea con gli obiettivi del Brasile di aumentare il valore aggiunto nazionale nei minerali strategici per la transizione energetica.

Homerun Resources Inc. (HMRFF) ha presentado una propuesta en la convocatoria conjunta para el financiamiento de la transformación estratégica de minerales organizada por BNDES y FINEP en Brasil. La propuesta de la empresa, enfocada en transformar la sílice en vidrio solar de alto valor, es la única relacionada con sílice/silicio entre las 124 propuestas recibidas.

El programa de financiamiento de 5 mil millones de reales (824 millones de dólares estadounidenses), parte de la iniciativa Nueva Industria Brasil, busca apoyar plantas industriales y proyectos piloto centrados en I+D+i. El programa incluye 8 mil millones de reales para inversiones de capital en empresas, en parte en asociación con Vale. El proyecto de Homerun destaca el desarrollo de la mano de obra local y se alinea con los objetivos de Brasil para agregar valor nacional en minerales estratégicos para la transición energética.

Homerun Resources Inc. (HMRFF)는 브라질 BNDES와 FINEP가 공동으로 주관하는 전략적 광물 전환 자금 지원 공모에 제안을 제출했습니다. 회사의 제안은 실리카를 고부가가치 태양광 유리로 전환하는 데 중점을 두었으며, 124건의 제안 중 유일하게 실리카/실리콘 관련 분야입니다.

신산업 브라질(New Industry Brazil) 이니셔티브의 일환인 50억 헤알(미화 8억 2,400만 달러) 규모의 자금 지원 프로그램은 연구개발 및 혁신(R&D&I)에 중점을 둔 산업 시설 및 파일럿 프로젝트를 지원하는 것을 목표로 합니다. 이 프로그램에는 Vale와 일부 협력하여 기업 지분 투자에 80억 헤알이 포함되어 있습니다. Homerun의 프로젝트는 현지 인력 개발을 강조하며 에너지 전환을 위한 전략 광물의 국내 부가가치 창출이라는 브라질의 목표와 부합합니다.

Homerun Resources Inc. (HMRFF) a soumis une proposition dans le cadre de l'appel à financement conjoint pour la transformation stratégique des minéraux lancé par le BNDES et FINEP au Brésil. La proposition de l'entreprise, axée sur la transformation de la silice en verre solaire de haute valeur, est notablement la seule soumission liée à la silice/silicium parmi les 124 propositions reçues.

Le programme de financement de 5 milliards de reais (824 millions de dollars US), faisant partie de l'initiative Nouvelle Industrie Brésil, vise à soutenir des usines industrielles et des projets pilotes axés sur la R&D&I. Le programme inclut 8 milliards de reais pour des investissements en capital dans des entreprises, en partie en partenariat avec Vale. Le projet de Homerun met l'accent sur le développement de la main-d'œuvre locale et s'aligne sur les objectifs du Brésil en matière de valorisation locale des minéraux stratégiques pour la transition énergétique.

Homerun Resources Inc. (HMRFF) hat einen Vorschlag für den gemeinsamen Förderaufruf zur strategischen Mineralienumwandlung von Brasiliens BNDES und FINEP eingereicht. Der Vorschlag des Unternehmens, der sich auf die Umwandlung von Siliziumdioxid in hochwertiges Solarglas konzentriert, ist bemerkenswerterweise der einzige im Bereich Silizium/Siliziumdioxid unter 124 eingereichten Vorschlägen.

Das Förderprogramm in Höhe von 5 Milliarden Real (824 Millionen US-Dollar), Teil der Initiative Neue Industrie Brasilien, zielt darauf ab, Industrieanlagen und Pilotprojekte mit Fokus auf Forschung, Entwicklung und Innovation (F&E&I) zu unterstützen. Das Programm umfasst außerdem 8 Milliarden Real für Beteiligungsinvestitionen in Unternehmen, teilweise in Partnerschaft mit Vale. Das Projekt von Homerun legt Wert auf die Entwicklung der lokalen Arbeitskräfte und steht im Einklang mit Brasiliens Zielen, den inländischen Mehrwert bei strategischen Mineralien für die Energiewende zu steigern.

Positive
  • Only silica/silicon company proposal among 124 submissions, showing unique market position
  • Project aligns with government initiative for strategic minerals transformation
  • Potential access to substantial funding from R$5 billion (US$824 million) program
Negative
  • No guarantee of funding approval as proposal is under review
  • Competition from 123 other proposals for limited funding

Vancouver, British Columbia--(Newsfile Corp. - May 9, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce the submission of its comprehensive proposal to the recent public call for strategic mineral transformation funding, jointly launched by the National Bank for Economic and Social Development (BNDES) and the Brazilian Funding Authority for Studies and Projects (FINEP). The Call, which closed on April 30, 2025, attracted 124 proposals from across the sector, reflecting strong industry interest in advancing Brazil's role in the global energy transition.

Homerun's application stands out as the only proposal from a silica/silicon company, highlighting the Company's unique position and innovative approach within Brazil's critical minerals landscape. The proposal leverages Homerun's advanced silica resource and focuses on the transformation of raw material into high-value solar glass. This aligns directly with the Call's emphasis on fostering innovation, industrialization, and the development of sustainable production chains for strategic minerals such as silicon-an essential component for photovoltaic and energy transition technologies.

The Company's business case is uniquely tailored to the objectives of the BNDES and FINEP initiative, which seeks to boost domestic value addition, create skilled jobs, and stimulate local economies. Homerun's project will not only advance technological innovation but also prioritize hiring and training a local workforce, thereby generating significant socioeconomic benefits in the regions where it operates.

The R$5 billion (US$824 million) funding program is part of the New Industry Brazil initiative and is designed to support both large-scale industrial plants and pilot projects, with a focus on research, development, and innovation (R&D&I). With approximately R$8 billion reserved for investments in company equity-partly in partnership with mining leader Vale-the initiative is expected to leverage substantial additional private investment and accelerate Brazil's leadership in sustainable, low-carbon mineral supply chains.

All proposals, including Homerun's, are currently under review by BNDES and FINEP. The Company will provide further updates as the review progresses.

About Homerun (www.homerunresources.com)

Homerun (TSXV: HMR) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

  • Utilizing Homerun's robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.

  • Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California - Davis.

Homerun Energy Solutions

  • Building Latin America's first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.

  • European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).

  • Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.

  • Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company's high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With six profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company's HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

On behalf of the Board of Directors of
Homerun Resources Inc.

"Brian Leeners"

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251443

FAQ

What is the size of the BNDES and FINEP funding program that Homerun Resources (HMRFF) applied for?

The funding program is R$5 billion (US$824 million), with an additional R$8 billion reserved for company equity investments, partly in partnership with Vale.

How many proposals were submitted to the BNDES and FINEP funding call alongside Homerun Resources?

A total of 124 proposals were submitted to the funding call, with Homerun Resources being the only silica/silicon company proposal.

What is the main focus of Homerun Resources' (HMRFF) proposal to BNDES and FINEP?

The proposal focuses on transforming raw silica material into high-value solar glass, aligned with Brazil's strategic minerals and energy transition goals.

When did the BNDES and FINEP funding call close for submissions?

The funding call closed on April 30, 2025.
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