Homerun Resources Inc. Formally Included in "Programa Desenvolve" Tax Incentive Program to Support Industrial Development and Economic Integration in the State of Bahia, Brazil
Homerun Resources' Brazilian subsidiary has been formally included in Bahia's 'PROGRAMA DESENVOLVE' tax incentive program to support its Solar Glass Project. The program defers ICMS payments on capital goods for 24 months and on sales for 72 months, which is expected to optimize working capital for the project's $396.5 million initial CAPEX. Management estimates this deferral framework will yield a non-dilutive cash-flow timing benefit in the tens of millions of U.S.
Key figures
- Initial capex
- US$396.5 million
- Deferral sales
- 72 months
- Incentive term
- July 1, 2026 - December 31, 2032
- Estimated benefit
- tens of millions of U.S. dollars
- Deferral capital goods
- 24 months
AI analysis
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