Mr. Brian Leeners reports

HOMERUN RESOURCES INC. ANNOUNCES LETTER OF INTENT WITH SORG GROUP (GERMANY) FOR COMPLETION OF THE ANTIMONY-FREE SOLAR GLASS MANUFACTURING PLANT IN SANTA MARIA ETERNA, BAHIA, BRAZIL

Homerun Resources Inc. has signed a letter of intent (LOI) with Nikolaus Sorg GmbH & Co. KG (SORG), for the realization of a 1,000-tonne-per-day solar glass manufacturing plant in Santa Maria Eterna, municipality of Belmonte, Bahia, Brazil.

Key highlights:

• Homerun has signed a letter of intent with Nikolaus Sorg GmbH & Co. KG, representing the SORG-Group, for the realization of the company's planned 1,000-tonne-per-day, antimony-free solar glass manufacturing plant in Santa Maria Eterna, Belmonte, Bahia, Brazil.
• The plant is expected to be Latin America's first dedicated solar glass manufacturing facility and will incorporate state-of-the-art Western technologies and equipment to produce antimony-free solar glass for next-generation photovoltaic applications.
• A binding formal contract between Homerun and SORG is expected to be signed following a successful bankable feasibility study (BFS) and completion of project financing.
• Homerun and SORG intend to cooperate to obtain German bank export credit project financing for the SORG technology and equipment package, supported by Euler Hermes export credit guarantees.
• German export credit support will complement the previously announced BNDES and Finep commitments under a joint support plan, outlining the financial instruments available to advance Homerun's business plan.

Homerun is confirming the appointment of SORG as the technology provider and supplier of the glass manufacturing and processing equipment for the solar glass project. The solar glass project will meet the latest state-of-the-art technology levels for solar glass manufacturing, including an electric boosting system for improving energy efficiency and carbon footprint reduction, as well as a production process that will deliver antimony-free solar glass. The intention of the parties is to complete the solar glass project based on top-class Western technologies and equipment.

SORG previously provided Homerun with a competitive budgetary offer (see news release) for the solar glass manufacturing facility.

Homerun's responsibility within the solar glass project is to capitalize and complete the localized content, including permit planning, civil works, utilities and electric power supplies, and the installation work as specified by SORG. A binding formal contract between the parties is expected to be signed based on a successful bankable feasibility study (BFS) and project financing.

Project financing

Homerun and SORG intend to cooperate to obtain German bank export credit project financing for the SORG technology and equipment package, supported by Euler Hermes export credit guarantees. In parallel, with respect to the capitalization of the localized responsibility of Homerun, Banco Nacional de Desenvolvimento Economico e Social (BNDES) has expressed interest in providing Brazilian government project financing (see press release dated July 28, 2025).

Homerun has contracted German-based engineering company DTEC, working in close co-operation with SORG, for the BFS, and all parties will co-operate to provide the necessary documentation for the completion of the project financing (see press release dated Nov. 13, 2025).

Brian Leeners, chief executive officer of Homerun, stated: "Another month, another big milestone for Homerun. The content of this News release is the culmination of an extensive effort across both Homerun and SORG teams. Based on how well these groups have worked together we have no doubt that the Homerun solar glass plant will be built to the highest standards with the latest technologies. I am personally excited to see the turn of that first shovel to start building Latin America's first and only solar glass plant."

About Homerun Resources Inc.

Homerun Resources is building the silica-powered backbone of the energy transition across four focused verticals: silica, solar, energy storage and energy solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

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