Homerun captures investor interest with Brazil solar glass vision

In a recent investor event hosted by Trinity Financing Investments Corp., Homerun Resources Inc. presented a detailed update on its expansion strategy in Brazil – a country rapidly emerging as one of the most strategic frontiers in the global race for critical minerals and renewable energy materials.

At the event, Tyler Muir, Head of Investor Relations at Homerun, outlined the company’s vision to build a vertically integrated high-purity silica and solar glass platform anchored in the state of Bahia. As noted in the report by Trinity Financing Investments, Homerun aims to capture value across the full supply chain, “from raw material extraction to downstream solar glass manufacturing.”

Strategic Position in Brazil’s Critical Minerals Landscape

Homerun’s flagship Belmonte Silica Project is located in Bahia, Brazil, benefiting from excellent infrastructure, port access, and strong governmental alignment. The company has secured full exploitation permits for immediate extraction and is advancing plans for downstream silica purification and solar glass production.

According to Trinity’s report, Homerun has outlined a preliminary mineral resource estimate exceeding 60 million tonnes of high-purity silica (>99.6% SiO₂) across measured and inferred categories – establishing a strong foundation for domestic supply to Brazil’s fast-growing solar manufacturing industry, which currently depends on imported solar glass.

Government Partnerships and Institutional Support

Homerun has strengthened its position through a Memorandum of Understanding (MoU) with Bahia state authorities and development agencies to support site development, infrastructure, and industrial partnerships. This collaboration aligns closely with Brazil’s policy push to onshore solar glass manufacturing and reduce reliance on Chinese imports.

Financing efforts are progressing as well. As Trinity reported, Homerun has secured a $6 million institutional funding package (closing pending) and advanced to the Detailed Work Plan phase of the BNDES/FINEP Strategic Minerals Transformation Program – a key government initiative to promote the domestic development of critical mineral supply chains.

These steps demonstrate “strong government alignment and institutional engagement,” reinforcing Homerun’s credibility as a long-term industrial partner in Brazil’s renewable energy ecosystem.

A Vertically Integrated Model with Global Reach

At the core of Homerun’s strategy lies its vertically integrated business model, designed to maximize value from raw silica extraction to finished solar glass production.

“Our vision is to capture value across the full chain – from the sand to the solar glass,” said Tyler Muir, highlighting the company’s holistic approach.

This model differentiates Homerun from traditional exploration companies by emphasizing industrial scalability and downstream control. The company’s integrated structure also provides a natural hedge against supply-chain disruptions, positioning Homerun to become one of the few non-Chinese producers in the solar glass space.

Trinity noted that “Homerun is strategically positioned to deliver long-term value. Its integrated model, strong government partnerships, and recent milestones provide a differentiated platform among emerging specialty materials companies.”

Near-Term Milestones and Offtake Commitments

Heading into late 2025, Homerun is preparing for several critical milestones, including:

• Commencement of silica extraction at the Belmonte Santa Maria Eterna Silica Project.
• Completion of the Bankable Feasibility Study (BFS) for its high-purity processing facility.
• Advancement of pilot purification and downstream testing.
• Expansion of offtake agreements and financing arrangements tied to Brazil’s national strategic programs.

Recent agreements underscore strong commercial traction. In September, Homerun announced an updated offtake agreement with Brasil Fotovoltaico Ltda. for a minimum annual supply of 180,000 tonnes of solar glass from its Belmonte facility at $750 USD per tonne (FOB).

Combined with existing commitments, this brings total annual offtakes to 300,000 tonnes, with discussions underway to expand to 450,000 tonnes per year, surpassing the modeled capacity of Homerun’s 1,000-tonne-per-day solar glass plant.

As COO Armando Farhate emphasized in a recent news-release: “This updated offtake agreement aligns with the plan to have the full initial capacity of the Homerun solar glass plant covered by offtake agreements with Brazilian operators.”

Expanding Capital Markets Presence

In parallel with its operational growth, Homerun continues to broaden its investor base. CEO Brian Leeners recently confirmed plans for a dual listing on the London Stock Exchange (LSE), designed to attract European institutional investors focused on critical minerals and energy transition assets.

With Brazil’s installed solar capacity surpassing 60 GW in 2025, the timing is ideal. Domestic demand for solar glass and high-purity silica feedstock is expanding rapidly, creating a rare opportunity for local value creation.

Homerun’s progress – from permits and partnerships to financing and offtake – positions it as a potential cornerstone of Brazil’s renewable materials industry.

Outlook

As Trinity Financing Investments summarized, Homerun represents “one of the few non-Chinese integrated players in the solar glass sector,” combining resource security, vertical integration, and national strategic alignment.

With its large resource base, government partnerships, and clear path toward production, Homerun stands out as an emerging solar glass leader in the Western Hemisphere – and a potential key enabler of Brazil’s solar independence.

Source: “Trinity Financing Investments Hosts Investor Dinner Featuring Homerun Resources (TSXV: HMR.V | OTC: HMRFF)” (By Jimmy Lederer, Vice President of Trinity Financing Investments Corp., on October 2, 2025)