GOAL – 100M PERMITTED & OWNED TONNES (SI GRADE >99.75) BY END OF 2024
Homerun has announced multiple agreements to secure a substantial supply of Silica from the Belmonte District in Bahia, Brazil, including our partnership with the Bahian State Government. This exceptionally high-grade raw resource can be efficiently processed to serve the premium end-markets for HPQ Silica. The strategic imperative under Phase 1, was to secure a steady and reliable source of HPQ Silica against a backdrop of increasing global demand in sustainable industrial and green energy applications. The Company will continue in its ongoing plans to add to and develop its resources in the Belmonte Silica Sand District as well as look for other resources of high-grade silica, globally.
GOAL – PRODUCTION OF PROCESSED SILICA IN 2024
The Silica Sand from the Belmonte District can be sold in its natural form to a select few organizations that have their own upgrade processing operations, but this is a very low margin opportunity. The supply into higher-value end-uses requires at least a minimal amount of processing (wash, size, dry and bag).
Under Phase 2, the focus is on obtaining the required infrastructure through partnership, purchase, lease and capital expenditure for the mining, transportation, storage and processing to HPQ Silica. Announcements in this area will be forthcoming over the first half of 2024 to facilitate first HPQ Silica revenues in the second half of 2024.
GOAL – NREL R&D COMPLETE AND SOLAR PLANT LOGISTICS & ENGINEERING IN 2024
Homerun is driving toward revenue and at the same time, under Phase 3, executing on engineering and R&D plans to secure competitive advantages in HPQ Silica verticals serving the Energy Transition. Announcements in this area have already been made (NREL) and will be forthcoming over the entirety of 2024 with deliverables expected in 2025 and beyond.
HOMERUN RESOURCES OBJECTIVES
We will be a top supplier of HPQ Silica and manufactured HPQ Silica products into the Energy Transition.
We will create jobs for and support the local people of Brazil, while respecting the environment and culture of Brazil.
NEARBY PORTS ALLOW FOR ECONOMIC STORAGE AND
SHIPPING TO CUSTOMERS IN BRAZIL AND AROUND THE WORLD.
ARATU – CAMACARI, BRAZIL PORT AND PLANNED MATERIALS FACILITIES
ILHÉUS, BRAZIL PORT
NEARBY PORTS ALLOW FOR ECONOMIC STORAGE AND
SHIPPING TO CUSTOMERS IN BRAZIL AND AROUND THE WORLD.
ARATU – CAMACARI, BRAZIL PORT AND PLANNED MATERIALS FACILITIES
ILHÉUS, BRAZIL PORT
The National Renewable Energy Laboratory (NREL) is in the late stages of prototype testing a new thermal energy storage technology that uses inexpensive silica sand as a storage medium. Economic Long-Duration Electricity Storage by Using Low-Cost Thermal Energy Storage and High-Efficiency Power Cycle (ENDURING) is billed as a reliable, cost-effective, and scalable solution that can be sited ANYWHERE!
ENDURING heats a thermal storage medium — silica sand — with excess solar or wind energy. Particles are heated to 1,200°C by passing them through an array of electric resistive heating devices. The heated particles are then gravity-fed into insulated concrete silos to be stored for thermal energy. One of the most attractive features of the ENDURING system is its ability to be installed as part of the grid network. Furthermore, this system could help phase out traditional coal and natural gas plants and could even be placed on existing infrastructure on decommissioned sites respectively. NREL believes that a single baseline, ENDURING system can store up to 26,000 MWh of thermal energy; equivalent to the annual energy consumption of more than 400 households. Furthermore, the technology could be rolled out at costs ranging between 2 to 4 USD per kWh, making it a low-cost thermal energy storage solution.
The Parties will analyze the economic benefits of using Homerun’s silica sand for energy storage, including energy arbitrage from energy storage and grid service, processing of the silica sand by using low-cost electricity in energy storage, and generating potential income from processed materials after its use for energy storage
The National Renewable Energy Laboratory (NREL) is in the late stages of prototype testing a new thermal energy storage technology that uses inexpensive silica sand as a storage medium. Economic Long-Duration Electricity Storage by Using Low-Cost Thermal Energy Storage and High-Efficiency Power Cycle (ENDURING) is billed as a reliable, cost-effective, and scalable solution that can be sited ANYWHERE!
ENDURING heats a thermal storage medium — silica sand — with excess solar or wind energy. Particles are heated to 1,200°C by passing them through an array of electric resistive heating devices. The heated particles are then gravity-fed into insulated concrete silos to be stored for thermal energy. One of the most attractive features of the ENDURING system is its ability to be installed as part of the grid network. Furthermore, this system could help phase out traditional coal and natural gas plants and could even be placed on existing infrastructure on decommissioned sites respectively. NREL believes that a single baseline, ENDURING system can store up to 26,000 MWh of thermal energy; equivalent to the annual energy consumption of more than 400 households. Furthermore, the technology could be rolled out at costs ranging between 2 to 4 USD per kWh, making it a low-cost thermal energy storage solution.
The Parties will analyze the economic benefits of using Homerun’s silica sand for energy storage, including energy arbitrage from energy storage and grid service, processing of the silica sand by using low-cost electricity in energy storage, and generating potential income from processed materials after its use for energy storage
Homerun is planning to build a Solar Glass and Container Glass Plant with 1,000 t/day capacity in Bahia, Brazil at the Port of Aratu.
This facility will produce solar glass, container glass and float glass. Offtake partners will be announced in 2024.
Homerun also announced an MOU with Minerals Development Oman (MDO)
Under the signed MOU, the parties are to complete a scoping study for the development of a solar glass manufacturing facility in Oman. The study’s cost will be shared equally between the parties involved.
The contents of the scoping study will include, but not be limited to, the following:
Based on the outcome of the scoping study, the Parties may decide to proceed to undertake a pre-feasibility and/or a definitive feasibility study on a solar glass manufacturing facility in Oman. Upon successful completion of a definitive feasibility study and obtaining internal approvals by both Parties, a proposed special purpose vehicle (SPV) will be formed, and a shareholders’ agreement will be signed by the Parties for the purpose of building and operating a solar glass production facility in Oman. The relative shareholdings of the SPV will be discussed prior to undertaking the pre-feasibility study and/or the definitive feasibility study.
Homerun is planning to build a Solar Glass and Container Glass Plant with 1,000 t/day capacity in Bahia, Brazil at the Port of Aratu.
This facility will produce solar glass, container glass and float glass. Offtake partners will be announced in 2024.
Homerun also announced an MOU with Minerals Development Oman (MDO)
Under the signed MOU, the parties are to complete a scoping study for the development of a solar glass manufacturing facility in Oman. The study’s cost will be shared equally between the parties involved.
The contents of the scoping study will include, but not be limited to, the following:
Based on the outcome of the scoping study, the Parties may decide to proceed to undertake a pre-feasibility and/or a definitive feasibility study on a solar glass manufacturing facility in Oman. Upon successful completion of a definitive feasibility study and obtaining internal approvals by both Parties, a proposed special purpose vehicle (SPV) will be formed, and a shareholders’ agreement will be signed by the Parties for the purpose of building and operating a solar glass production facility in Oman. The relative shareholdings of the SPV will be discussed prior to undertaking the pre-feasibility study and/or the definitive feasibility study.
Vancouver, B.C.: Homerun Resources Inc. (“Homerun” or the “Company”) (TSXV: HMR) (OTCQB: HMRFF) is pleased to announce that a sample of quartz silica from the Company’s Tatooine Project in British Columbia, Canada has been delivered to the Dept of Materials
Vancouver, B.C.: Homerun Resources Inc. (“Homerun” or the “Company”) (TSXV: HMR) (OTCQB: HMRFF) is pleased to announce that the Company has signed a service agreement, dated August 1, 2024, with TMM Capital Advisory, to develop and execute on investor relations,
Vancouver, B.C.: Homerun Resources Inc. (“Homerun” or the “Company”) (TSXV: HMR) (OTCQB: HMRFF) is pleased to provide a second update to the previously announced 2,000-meter auger drill program at the Belmonte high-purity silica deposit in Belmonte, Bahia, Brazil. The program
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