Disseminated on behalf of: Homerun Resources Inc.
Brian Leeners, CEO and Director of Homerun Resources Inc. (TSXV: HMR | OTC: HMRFF | FSE: 5ZE | BDR: HMRN31), discusses the silica and solar materials company’s plan to build the first dedicated solar glass manufacturing facility in Bahia, Brazil, anchored by its own high-purity, low-iron silica resource. As solar installation accelerates across the region, the company has signed a memorandum of understanding with Cebrace Cristal Plano, Brazil’s largest float glass manufacturer, to evaluate a strategic commercial partnership supporting the planned facility.
Cebrace partnership expands high-margin front glass capacity
Unlike developers building solar glass capacity from scratch, Homerun is aligning with an established operator. Cebrace is a joint venture between Saint-Gobain and NSG Group, and has led Brazil’s glass industry for more than four decades. Under the framework being evaluated, Cebrace would supply Homerun’s back glass, freeing the company’s back glass line to become a third front glass line. According to Leeners, “Front glass is the highest-value, highest-margin product in our planned mix, so this represents a 50 per cent increase in our highest-margin capacity without adding new lines.” Cebrace would also advise on the development and operation of the facility, opening the door to collaboration with both parent companies, reducing execution risk.
Brazil solar glass partnership builds investor appeal
With Brazil’s largest float glass manufacturer evaluating a commercial partnership, Homerun is strategically positioned to build solar glass capacity alongside an incumbent rather than against one. Cebrace’s parent companies are among the world’s largest float glass manufacturers, and the MOU opens the door to collaboration with both. Reallocating the back glass line raises planned front glass capacity by 50 per cent without new capital lines, concentrating output in the highest-value product in the mix. By focusing on that end of the product mix and on partner-supplied supporting volume, the company aims to give investors leveraged exposure to margin rather than volume alone.
Solar glass project milestones and financing progress
Recent milestones include a completed bankable feasibility study, secured acceptance of Programa Desenvolve tax benefits in Bahia, advancing banking mandates with a recently announced 170 million euros in financing LOI, and now the Cebrace MOU, which is exclusive while both parties complete their evaluations and covers technical, operational, commercial and financial collaboration. Leeners says, “We look forward to the culmination of this process, and we invite you to follow our updates closely as we work toward a strong partnership and collaboration with Cebrace.” Completion of that evaluation is the company’s next catalyst.
Homerun Resources advances Bahia solar glass build
As Homerun Resources moves from feasibility toward construction, it stands at the intersection of the region’s solar buildout and a structural shortage of locally produced solar glass. With financing mandates advancing and a potential Cebrace partnership under evaluation, the company is positioned to deliver disciplined, staged progress in Bahia.
Transcript
Transcript lightly edited for clarity
Brian Leeners: Homerun Resources Inc. has signed a memorandum of understanding with Cebrace Cristal Plano, Brazil’s largest float glass manufacturer, to evaluate a strategic commercial partnership supporting our solar glass manufacturing facility in Bahia, Brazil. Cebrace is a joint venture between Saint-Gobain and NSG Group, two of the world’s largest float glass manufacturers, and has led Brazil’s glass industry for more than four decades. The MOU is exclusive while both parties complete their evaluations, and covers technical, operational, commercial, and financial collaboration.
Under the framework being evaluated, Cebrace would supply our back glass. That frees our back glass line to become a third front glass line. Front glass is the highest-value, highest-margin product in our planned mix, so this represents a 50 per cent increase in our highest-margin capacity without adding new lines. Cebrace would also advise on the development and operation of the facility, opening the door to collaboration with both parent companies.
Bankable feasibility study complete. Programa Desenvolve tax benefits acceptance secured. Banking mandates advancing. Now Cebrace. We look forward to the culmination of this process, and we invite you to follow our updates closely as we work toward a strong partnership and collaboration with Cebrace.
About Homerun Resources Inc.
Homerun Resources Inc. (TSXV: HMR | OTCQB: HMRFF | FSE: 5ZE | BDR: HMRN31) is a vertically integrated materials company building what is intended to be the silica-powered backbone of the energy transition across four verticals: silica, solar, energy storage, and energy solutions. Anchored by its high-purity, low-iron silica resource in Belmonte, Bahia, Brazil, the company is developing Latin America’s first dedicated solar glass manufacturing plant, a complementary silica purification facility, long-duration thermal energy storage technology licensed from the U.S. Department of Energy’s NREL, and AI-enabled energy management solutions.
Learn more at homerunresources.com.
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