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Homerun Resources Signs MOU With Brazil's Cebrace Cristal Plano

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Homerun Resources (HMR.V) on Wednesday said it signed a Memorandum of Understanding (MOU) with float glass manufacturer Cebrace Cristal Plano to evaluate a commercial partnership supporting the development of Homerun's solar glass manufacturing facility in Brazil.

The MOU would allow Cebrace to supply solar module back glass to be integrated into Homerun's solar solutions and provide strategic advisory toward the development, implementation and operation of Homerun's proposed solar glass manufacturing facility in Brazil.

"This MOU reflects a shared interest between the parties in strengthening Brazil's domestic solar manufacturing capabilities through the development of Homerun's high-purity silica resources into solar glass solutions leveraging Cebrace's established manufacturing capacity, technical expertise and lead position in the production and distribution of glass solutions in Brazil," the company said.

Shares of Homerun closed up 2.1% to C$0.49 on Tuesday on the TSX Venture Exchange.

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