Homerun Resources, a vertically integrated materials company advancing the Company’s high‑purity silica resources, is pleased to announce the results of its Bankable Feasibility Study (the “BFS”) for the Company’s Solar Glass Manufacturing Plant to be located in Belmonte, Bahia, Brazil, adjacent to Homerun’s low-iron silica sand resources.
The BFS positively confirms that the Solar Glass Manufacturing Plant is technically and economically feasible and outlines a large-scale, antimony-free solar glass manufacturing operation designed to supply both Brazil’s fast-growing solar sector and selected export markets. Under the base-case assumptions set out in the BFS, the Project generates an estimated net present value (”NPV”) of approximately USD 670 million at 100 percent production and USD 829 million at 105 percent production, an internal rate of return (”IRR”) of 20.2 percent at 100 percent production and 23.1 percent at 105 percent production, and an estimated payback period of approximately 7.6 years.
The proposed plant is designed as a 1,000 tonnes-per-day soda-lime patterned solar glass facility, with four 250 tonne-per-day roll glass lines, producing ultra-clear patterned glass for mono and bifacial photovoltaic modules. The BFS indicates gross glass melting capacity of approximately 365,000 tonnes per annum and solar glass production capacity ramping from approximately 239,000 tonnes per annum in the first operating year to approximately 288,300 tonnes per annum from the fifth operating year onward.
To read more about this study, click here.