Homerun & MDO: Potential solar glass production in Oman

Solar glass production in Oman is being investigated

Homerun Resources (TSXV HMR / WKN A3CYRW) reported an exciting development yesterday. The company, which is primarily focused on developing its quartz sand properties in Brazil, has now entered into a non-binding letter of intent with Minerals Development Oman (MDO), a company 76.8% owned by the Oman Investment Authority and 23.2% owned by the Oman National Investment Company.

MDO has quartzite concessions in the Qurayat region in the Sultanate of Oman and the new partners want to jointly explore possible options to improve the quality of the quartzite deposits there through appropriate processing methods. It is planned that Homerun Resources will contribute its expertise in the processing of quartz sands, while MDO will provide the financial resources to enable the corresponding studies.

Possible solar glass production in Oman is being investigated

The memorandum of understanding between Homerun and MDO also provides for a scoping study to be carried out to investigate the development of a plant for the production of solar glass in Oman. (Quartz sand is used for the production of solar glass, among other things.) The partners will split the costs 50:50.

Among other things, the study deals with:

– Market studies,
– Technical issues,
– a preliminary assessment of economic viability.

Depending on the outcome of this scoping study, a pre-feasibility study and/or a feasibility study on the possible construction of a manufacturing plant for solar glass in Oman will follow. If a final feasibility study is also positive and both partners agree internally, a special purpose vehicle (SPV) will be established for this purpose. In this case, the new partners would conclude an agreement on the joint construction and operation of a plant for solar glass production in Oman. Who will hold how many shares in the SPV will be decided before the start of the preliminary and feasibility study.

Conclusion: In our opinion, Homerun Resources has another hot potato in the fire with this agreement. In addition to the development of the quartz sand assets in Brazil and the storage technology partnership with the National Renewable Energy Laboratory and Babcock & Wilcox, the potential development partnership in Oman is another interesting pillar in our view. We are curious to see when and how it will become more concrete.

English News on WhatsApp Subscribe now to the Goldinvest WhatsApp Channel!

Disclaimer: The contents of www.goldinvest.de and all other used information platforms of the GOLDINVEST Consulting GmbH serve exclusively the information of the re

Disclaimer: The contents of www.goldinvest.de and all other information platforms used by GOLDINVEST Consulting GmbH are intended solely for the information of readers and do not constitute any kind of call to action. Neither explicitly nor implicitly are they to be understood as a guarantee of any price developments. Furthermore, they are in no way a substitute for individual expert investment advice, but rather represent advertising/journalistic texts. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities involves high risks that can lead to the total loss of the capital invested. GOLDINVEST Consulting GmbH and its authors expressly exclude any liability for financial losses or the guarantee that the content of the articles offered here is up-to-date, correct, appropriate and complete. Please also note our terms of use.

In accordance with §34 WpHG, we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH hold or may hold shares in Homerun Resources and therefore a conflict of interest exists or may exist. Furthermore, we cannot rule out the possibility that other stock market letters, media or research companies may discuss the stocks we discuss during the same period. Therefore, there may be a symmetrical flow of information during this period.

aders and do not represent any kind of call to action. Neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice, but rather represent advertising / journalistic texts. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The GOLDINVEST Consulting GmbH and its authors exclude any liability for financial losses or the contentwise warranty for topicality, correctness, adequacy and completeness of the articles offered here expressly. Please also note our terms of use.

According to §34 WpHG we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH may hold or hold shares of Laramide Resources and therefore a conflict of interest may exist. We also cannot exclude that other stock letters, media or research firms discuss the stocks we discuss during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between Laramide Resources and GOLDINVEST Consulting GmbH, which means that there is a conflict of interest.