Homerun Resources Inc. Announces Belmonte's Municipality Decree Formalizing the Expropriation of the Land to Be Donated for the Installation of the Company's Industrial Plants in Bahia, Brazil
Rhea-AI Summary
Positive
- Land secured for industrial plant development through government support and decree
- Planned 1,000 tons per day production capacity for silica processing and solar glass manufacturing
- Strategic vertical integration from raw material to final solar and energy storage products
- Strong government backing demonstrated through formal MoU with multiple Brazilian state entities
Negative
- Compensation amount for land expropriation not yet determined
- Timeline for plant construction and operation not specified
News Market Reaction
On the day this news was published, HMRFF declined 3.69%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Municipality of Belmonte, in Bahia, Brazil, has issued Decree number 150, dated May 30th, 2025, stating:
- The expropriation of the rural property called Fazenda São José, located in the Municipality of Belmonte/BA, in the district of Santa Maria Eterna, on the banks of BA982 (near the vicinal junction), with a total area of 64.50ha, registered under registration number 3258, in the Real Estate Registry Office of the District of Belmonte;
- The property referred to is intended for public need and social interest, under the terms of article 50 , item XXIV, of the Federal Constitution of 1988, with the purpose of implementing the Homerun Brasil Mineração Ltda factory.
Figure 1 - map of the expropriated land
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4082/254443_8466fb8354bb1b92_001full.jpg
- The expropriation referred to in this Decree shall be made upon prior and fair compensation, in cash, as the case may be and according to the legislation in force. The expropriating entity may promote the provisional possession of the property, under the terms of article 15 of Decree-Law No. 3,365/1941.
This Decree was ordered to support the installation of Homerun's Silica Processing Plant and Solar Glass Manufacturing facility with a capacity of 1,000 tons per day, in the Municipality of Belmonte, ensuring the establishment of the entire value chain, from mineral extraction to high value-added final product, in Belmonte, maximizing the socioeconomic and environmental benefits for the State of Bahia. It represents the fulfillments of one of the duties of the Municipality of Belmonte, included in the Memorandum of Understanding (MoU) with CBPM (Companhia Baiana de Pesquisa Mineral), BahiaGás (Companhia de Gás da Bahia), SECTI (Secretaria de Ciência, Tecnologia e Inovação) and the municipality of Belmonte, signed in May 12th, 2025 (see respective press release here).
Brian Leeners, CEO of Homerun stated, "As key stakeholders in Homerun's Strategic Plan, we want to thank the government and citizens of the State of Bahia, particularly those in the Municipality of Belmonte who have shared our vision and supported Homerun's development as Brazil's first Energy Transition vertically integrated Company from raw material to value-added final products in Solar and Energy Storage. In particular, we extend gratitude to the Mayor and the Municipality of Belmonte and the vendor of the expropriated land for their generous support."
About Homerun (www.homerunresources.com)
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.
"Brian Leeners"
Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)
Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254443
FAQ
What is the size and location of the land acquired by Homerun Resources (HMRFF) in Brazil?
What is the planned production capacity of Homerun Resources' new facility in Belmonte?
What government entities are involved in Homerun Resources' Brazil project?
How will Homerun Resources (HMRFF) compensate for the expropriated land in Belmonte?
What is the purpose of Homerun Resources' new facility in Brazil?
