Homerun Resources Inc. Selected by BNDES and FINEP for Strategic Minerals Transformation Funding

Rhea-AI Summary

Homerun Resources (HMRFF) has been selected to advance to the Detailed Work-Plan phase of a major funding initiative by Brazil's BNDES and FINEP. The company was chosen from 124 proposals as the only silica/silicon-focused company for the USD $815 million strategic minerals transformation program. This selection positions Homerun to access various funding instruments including long-term credit lines, equity investments, and non-reimbursable funds. The funding will support the industrialization of the Belmonte Silica Project, including construction of processing facilities, technology scale-up, and workforce development. The R$5 billion program, part of the New Industry Brazil initiative, aims to support industrial plants and pilot projects focused on research and development, with R$8 billion reserved for company equity investments in partnership with Vale.

Positive

• Selected as the only silica/silicon-focused company among 124 proposals for major Brazilian funding initiative
• Access to significant funding instruments including long-term credit lines, equity investments, and non-reimbursable funds
• Potential to secure funding from USD $815 million strategic minerals transformation program
• Strategic positioning in Brazil's energy transition initiatives with focus on solar glass production

Negative

• Funding not yet secured - company still needs to submit and get approval for Detailed Work Plan
• Final funding amount and terms still to be negotiated

News Market Reaction

+32.04%

1 alert

+32.04% News Effect

On the day this news was published, HMRFF gained 32.04%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - June 12, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is honoured to announce that following the Company's May 9th news release confirming the submission of the proposal for the strategic minerals funding initiative, the Company has been selected as one of the companies to proceed to the Detailed Work-Plan phase of the joint public call issued by the Brazilian National Development Bank (BNDES) and the Brazilian innovation agency (FINEP), Call No. 753.

Selection into the next phase, Detailed Work Plan ("DWP"), positions Homerun to access a broad suite of funding instruments - including long-term credit lines, equity investments, non-reimbursable funds and economic subsidies - designed to accelerate high-impact mineral-transformation projects from the landmark USD $815 million strategic minerals transformation initiative jointly launched by BNDES and FINEP.

The Company will now prepare and submit a comprehensive DWP detailing milestones, budgets and socio-environmental commitments for the industrialization of the Belmonte Silica Project. Once evaluated and approved, the DWP will enable Homerun to negotiate definitive financing and funding agreements that can support construction of processing facilities, technology scale-up and workforce development.

The Company's selection represents a significant achievement, considering the initiative attracted 124 proposals from across Brazil's strategic minerals sector, with Homerun standing as the only silica/silicon-focused company among the selected recipients.

Brian Leeners, CEO of Homerun Resources, stated: "We are profoundly grateful to BNDES and FINEP for recognizing Homerun's potential contribution to Brazil's strategic minerals transformation. Being selected as one of the companies from over 120 applications represents validation of our innovative and integrated approach to transforming high-purity silica to solar and battery solutions. We are eager to complete the process toward the specific funding allocation that will be made available to advance our solar glass production and silica processing capabilities. This selection positions Homerun at the forefront of Brazil's energy transition initiatives while creating value for all our stakeholders including the federal government of Brazil and the government and citizens of Bahia, and our incredibly supportive long-term shareholders."

The R$5 billion 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 additional private investment and accelerate Brazil's leadership in sustainable, low-carbon mineral supply chains.

https://agenciadenoticias.bndes.gov.br/detalhe/noticia/BNDES-e-Finep-concluem-avaliacao-de-propostas-de-chamada-publica-de-projetos-com-foco-em-minerais-estrategicos/

The Company will provide further updates as the initiative 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)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (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/255403

FAQ

What funding program was Homerun Resources (HMRFF) selected for in June 2025?

Homerun Resources was selected for the Detailed Work-Plan phase of BNDES and FINEP's USD $815 million strategic minerals transformation funding initiative in Brazil.

How many companies applied for the BNDES and FINEP funding program?

124 proposals were submitted from across Brazil's strategic minerals sector, with Homerun being the only silica/silicon-focused company selected.

What will the funding be used for if Homerun Resources receives it?

The funding will support the industrialization of the Belmonte Silica Project, including construction of processing facilities, technology scale-up, and workforce development.

What is the total size of the BNDES and FINEP funding program?

The total program is R$5 billion, with approximately R$8 billion reserved for investments in company equity, partly in partnership with Vale.

What are the next steps for Homerun Resources in the funding process?

The company must prepare and submit a comprehensive Detailed Work Plan (DWP) detailing milestones, budgets, and socio-environmental commitments, followed by negotiating definitive financing agreements.