Homerun Resources Inc. (HMRFF) has signed a letter agreement with The Land & Mineral Company for an exclusive 90-day evaluation period of the Spruce Pine Silica Project in North Carolina. The project is strategically located just 3.2km from Sibelco's operations and 8.1km from The Quartz Corp in the Spruce Pine Silica Mining District, which supplies 70-90% of global high-purity quartz. The evaluation will include new sampling, assaying, and thermoelectric purification testing at UC Davis, where previous testing successfully improved SiO2 grades in other company projects. The Spruce Pine district's quartz is crucial for semiconductor and solar PV manufacturing, particularly in producing fused silica crucibles for silicon ingot production, where it represents about 30% of production costs.
Homerun Resources Inc. (HMRFF) ha firmato un accordo preliminare con The Land & Mineral Company per un periodo esclusivo di valutazione di 90 giorni del Progetto Spruce Pine Silica in North Carolina. Il progetto è situato strategicamente a soli 3,2 km dalle operazioni di Sibelco e a 8,1 km da The Quartz Corp nel Distretto Minerario di Spruce Pine Silica, che fornisce tra il 70 e il 90% del quarzo ad alta purezza a livello globale. La valutazione includerà nuovi campionamenti, analisi chimiche e test di purificazione termoelettrica presso l'UC Davis, dove test precedenti hanno migliorato con successo i livelli di SiO2 in altri progetti aziendali. Il quarzo del distretto di Spruce Pine è fondamentale per la produzione di semiconduttori e pannelli solari fotovoltaici, in particolare per la realizzazione di crogioli in silice fusa utilizzati nella produzione di lingotti di silicio, dove rappresenta circa il 30% dei costi di produzione.
Homerun Resources Inc. (HMRFF) ha firmado un acuerdo preliminar con The Land & Mineral Company para un período exclusivo de evaluación de 90 días del Proyecto de Sílice Spruce Pine en Carolina del Norte. El proyecto está estratégicamente ubicado a solo 3,2 km de las operaciones de Sibelco y a 8,1 km de The Quartz Corp en el Distrito Minero de Sílice Spruce Pine, que suministra entre el 70 y el 90% del cuarzo de alta pureza a nivel mundial. La evaluación incluirá nuevos muestreos, análisis y pruebas de purificación termoeléctrica en UC Davis, donde pruebas previas mejoraron con éxito los grados de SiO2 en otros proyectos de la compañía. El cuarzo del distrito de Spruce Pine es crucial para la fabricación de semiconductores y paneles solares fotovoltaicos, especialmente en la producción de crisoles de sílice fundida para la fabricación de lingotes de silicio, donde representa aproximadamente el 30% de los costos de producción.
Homerun Resources Inc.(HMRFF)는 North Carolina에 위치한 Spruce Pine Silica 프로젝트에 대해 The Land & Mineral Company와 90일간의 독점 평가 기간에 관한 서한 계약을 체결했습니다. 이 프로젝트는 Sibelco의 작업장에서 3.2km, The Quartz Corp에서 8.1km 떨어진 Spruce Pine Silica 광산 지구에 전략적으로 위치해 있으며, 이 지역은 전 세계 고순도 석영의 70~90%를 공급합니다. 평가에는 새로운 샘플링, 분석 및 UC Davis에서의 열전기 정제 테스트가 포함되며, 이전 테스트에서는 다른 회사 프로젝트에서 SiO2 등급을 성공적으로 향상시켰습니다. Spruce Pine 지구의 석영은 반도체 및 태양광 PV 제조에 필수적이며, 특히 실리콘 잉곳 생산을 위한 용융 실리카 도가니 제조에 사용되며, 생산 비용의 약 30%를 차지합니다.
Homerun Resources Inc. (HMRFF) a signé un accord de principe avec The Land & Mineral Company pour une période d'évaluation exclusive de 90 jours du projet Spruce Pine Silica en Caroline du Nord. Le projet est stratégiquement situé à seulement 3,2 km des opérations de Sibelco et à 8,1 km de The Quartz Corp dans le district minier de Spruce Pine Silica, qui fournit entre 70 et 90 % du quartz de haute pureté à l'échelle mondiale. L'évaluation comprendra de nouveaux échantillonnages, analyses et tests de purification thermoélectrique à l'UC Davis, où des tests antérieurs ont permis d'améliorer avec succès les teneurs en SiO2 dans d'autres projets de l'entreprise. Le quartz du district de Spruce Pine est essentiel pour la fabrication de semi-conducteurs et de panneaux solaires photovoltaïques, notamment pour la production de creusets en silice fondue utilisés dans la fabrication de lingots de silicium, représentant environ 30 % des coûts de production.
Homerun Resources Inc. (HMRFF) hat eine Vereinbarung mit The Land & Mineral Company für eine exklusive 90-tägige Evaluierungsphase des Spruce Pine Silica Projekts in North Carolina unterzeichnet. Das Projekt liegt strategisch günstig nur 3,2 km von den Anlagen von Sibelco und 8,1 km von The Quartz Corp im Spruce Pine Silica Mining District entfernt, der 70-90 % des weltweit hochreinen Quarzes liefert. Die Bewertung umfasst neue Probenahmen, Analysen und thermische Reinigungstests an der UC Davis, wo frühere Tests die SiO2-Gehalte in anderen Firmenprojekten erfolgreich verbessert haben. Der Quarz aus dem Spruce Pine-Distrikt ist entscheidend für die Herstellung von Halbleitern und Solar-PV, insbesondere für die Produktion von geschmolzenen Siliziumdioxid-Tiegeln zur Herstellung von Siliziumbarren, wobei er etwa 30 % der Produktionskosten ausmacht.
Positive
Strategic location in Spruce Pine district, which supplies 70-90% of world's high-purity quartz
Project situated near major operators Sibelco (3.2km) and The Quartz Corp (8.1km)
Previous successful purification testing at UC Davis showing significant SiO2 grade improvements
Strong market position as synthetic alternatives cost 5-10 times more
Negative
Agreement is only for evaluation with no guaranteed acquisition
Limited 90-day evaluation window
Further testing required to confirm project viability
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has signed a letter agreement ("Agreement") with The Land & Mineral Company of Charlotte, North Carolina ("LMC") dated May 7, 2025, for the purpose of allowing HMR the time and access required to evaluate the potential of LMC's Spruce Pine, North Carolina Silica Project (the "Project"). This Agreement sets forth the mutual understanding and intent regarding the basic terms and conditions for the Parties to affect the evaluation during the exclusive 90-Day period, including confirmation of sampling and testing work previously completed by consultants of LMC. Upon a successful evaluation, the Parties agree to use their best efforts to achieve a mutually beneficial transaction regarding the development of the Project.
Homerun's evaluation will include new sampling and assaying and thermoelectric purification testing at the University of California, Davis. The UC Davis femtosecond laser purification has successfully improved the SiO2 grade of the Company's Belmonte, Bahia raw Silica Sand to 99.999% SiO2, as previously reported, and also the Company's Tatooine, British Columbia, raw quartz silica from 87.76% SiO2 to 96.67% SiO2. The testing on the Tatooine Sample, anticipated that deploying a higher-powered laser system would further augment impurity ablation efficiency, improve thermal energy transfer, and increase the overall rate of material processing compared to the laser configuration used during testing, thereby optimizing the quality and purity of the processed quartz silica.
The Project sits 3.2 kilometres from the silica operations of Sibelco and 8.1 kilometres from the silica operations of The Quartz Corp, in the Spruce Pine Silica Mining District. The Spruce Pine district supplies approximately 70-90% of the world's high-purity quartz, a critical material for semiconductor and solar photovoltaic manufacturing. The quartz is processed into fused silica crucibles used in the Czochralski method, the dominant method for producing monocrystalline silicon ingots. At temperatures exceeding 1400°C, molten silicon reacts with almost all materials except quartz, which maintains structural integrity while minimizing impurity transfer. Each crucible costs thousands of dollars and lasts approximately 400 hours of operation, with crucibles accounting for approximately 30% of silicon ingot production costs. While synthetic quartz alternatives exist, they cost 5-10 times more, making them economically unviable.
Homerun (TSXV: HMR) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:
Homerun Advanced Materials
Utilizing Homerun's robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.
Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California - Davis.
Homerun Energy Solutions
Building Latin America's first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.
European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).
Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.
Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company's high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.
With six profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company's HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.
Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.
On behalf of the Board of Directors of Homerun Resources Inc.
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".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
What is the significance of Homerun Resources' (HMRFF) Spruce Pine Silica Project agreement?
The agreement gives Homerun Resources a 90-day exclusive evaluation period of a silica project in the Spruce Pine district, which supplies 70-90% of the world's high-purity quartz used in semiconductor and solar manufacturing.
Where is the HMRFF Spruce Pine Silica Project located and why is it important?
The project is located in North Carolina, 3.2km from Sibelco and 8.1km from The Quartz Corp operations in the Spruce Pine Silica Mining District, a region crucial for producing high-purity quartz for semiconductor manufacturing.
What testing will Homerun Resources conduct at the Spruce Pine project?
Homerun will conduct new sampling, assaying, and thermoelectric purification testing at UC Davis, using femtosecond laser purification technology that has previously improved SiO2 grades in other company projects.
What is the market advantage of natural quartz from Spruce Pine district?
Natural quartz from Spruce Pine is essential for silicon ingot production and is 5-10 times cheaper than synthetic alternatives, making it economically crucial for semiconductor manufacturing.
How long is Homerun Resources' exclusive evaluation period for the Spruce Pine project?
Homerun Resources has a 90-day exclusive evaluation period to assess the potential of the Spruce Pine Silica Project.
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