ancouver, B.C.: Homerun Resources Inc. (“Homerun” or the “Company”) (TSXV: HMR) (OTCQB: HMRFF) is pleased to announce that the Company has executed a non-binding Memorandum of Understanding (MOU), dated January 29th, 2024, between Homerun and Minerals Development Oman SAOC (MDO).
Under the terms of the MOU, MDO and Homerun agree, to jointly explore the options available to improve the quality of the quartzite available in the quartzite concessions owned by MDO, in Qurayat region in the Sultanate of Oman, through appropriate processing. While Homerun Resources will deploy its expertise in silica processing, MDO will provide financial support to execute the studies for improving the quality of the quartzite in the concession.
Under the signed MOU, the second objective is 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.
O conteúdo do estudo de escopo incluirá, mas não estará limitado a, o seguinte:
- Estudos de mercado.
- Considerações técnicas.
- Avaliação económica preliminar.
Com base nos resultados do estudo de definição do âmbito, as Partes podem decidir proceder à realização de um estudo de pré-viabilidade e/ou de viabilidade definitivo sobre uma instalação de produção de vidro solar em Omã. Após a conclusão bem-sucedida de um estudo de viabilidade definitivo e a obtenção de aprovações internas por ambas as Partes, uma proposta de veículo para fins especiais (SPV) será formada e um acordo de acionistas será assinado pelas Partes com a finalidade de construir e operar uma produção de vidro solar. instalação em Omã. As participações relativas da SPV serão discutidas antes da realização do estudo de pré-viabilidade e/ou do estudo de viabilidade definitivo.
About Minerals Development Oman SAOC
Minerals Development Oman (MDO) was established with a clear strategic vision to unleash the potential of the mining sector by investing directly in or enabling various projects across a range of material commodities and value chains, to generate sustainable returns for its shareholders, Oman and its people. MDO’s primary role is to invest in exploration activities, develop upstream and downstream projects targeting multiple strategic minerals, and attract reputed national and international mining and mineral development companies to drive the commercialization of Oman’s mineral resources. (https://www.mdo.om/)
About Homerun Resources
Homerun Resources is focused on the development of its business within the critical and energy materials sectors. With a steadfast commitment to operational excellence, sustainability, and building shareholder value, Homerun Resources Inc. is poised to make a lasting impact in these industries. (https://homerunresources.com/)
On behalf of the Board of Directors of
Homerun Resources Inc.
“Brian Leeners”
Brian Leeners, CEO & Director
[email protected] / +1 604-862-4184 (WhatsApp)
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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