Dear Shareholders, it is with great pleasure that we provide our shareholders with this update on the status of
Firstly, we want to extend our utmost gratitude to everyone who has exercised their patience as we progress through the Company's development stage - the most important time in any company's existence. Nine months ago, on
We are very pleased to say that Phase One (the Silica Sand) has been an incredible success for Homerun culminating in the
Homerun is now focused on increasing the in-situ value of the assets we own in this world-class silica sand district. Belmonte is world-class based on the size of the district and the uniform and well-known high-quality natural grade. Securing our interest in this rare commodity is the cornerstone of our value and that should provide our shareholders with significant comfort. We are NOT hunting for value, we are scaling and leveraging the value we have already secured. From a resource development perspective, we have compressed a 5-to-10-year process into 12 months. During the next few months, we will be quantifying the value of the silica sand we have directly secured, and we will release more updates on those efforts shortly.
In parallel with the successful developments in Phase One, we have also been working on Phase Two (the production logistics) and Phase Three (vertical integration).
We initiated the Logistics Plan in Q1-2024, after the announcement of the
We also initiated the Vertical Integration Plan in Q1-2024, after the announcement of the
Homerun has the benefit of having a silica resource that is solar glass quality in-situ. The plan is to ship that silica to a solar glass facility built in the
The second of our vertical integration pathways is silica to battery which includes the following: (1) silicon quality silica sand, (2) logistics to move the silica sand from the mine to the silicon production facility (3) land for a silicon production plant, (4) a battery grade silicon production plant (plus) (5) an anchor customer for the battery grade silicon. In our view, within the silicon battery industry, the core competitive advantage will be achieved through the application of research and development toward new methods of producing battery grade silicon from silica.
As stated previously, Homerun has the benefit of having a high-quality silica resource in-situ. The plan is to ship that silica to a silicon production facility built in the
Social and Environmental Benefit
We are acutely focused on delivering value that we can be proud of. We have already built a social benefit into every tonne of silica that we extract in Belmonte,
On the environmental front, we have engaged world-class R&D institutions with the mandate to develop disruptive green processes in our business. It is our view that green value chains will provide a premium price mechanism in the ongoing battle to preserve and benefit our environment. We believe the industry we are building in
Shareholder Value Creation
Please read the above update. Regarding planning and execution, we have taken an idea to development in an incredibly short period of time, and on an incredibly small budget. Through intelligent planning and fiscal responsibility, we have greatly limited shareholder dilution against value generation and have significantly expedited the traditional resource to production model from plus 10 years to under 2 years.
Concurrently, our vertical integration planning, and path to additional revenues have been established and solidified and we will be communicating these developments to our shareholders over the remainder of 2024. So, stay tuned.
We are thrilled about our future and eager to share our continued vision and success with you. Thank you for your support, belief, and patience.
About
Contact:
CEO & Director
Tel: +1 604-862-4184
Email: brianleeners@gmail.com
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The information contained herein contains 'forward-looking statements' within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements'.
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