Homerun Resources Inc. Announces Full Mining Permit and Finalization of the Definitive Lease Agreement With CBPM

Rhea-AI Summary

Homerun Resources (OTCQB: HMRFF) announced that Brazil's National Mining Agency issued Mining Permit #743 for area 870.011/1989 on November 7, 2025, triggering execution of the Definitive Lease Agreement 026/2025 dated December 23, 2025 with Companhia Bahiana de Produção Mineral (CBPM).

The final payment of R$ 1,000,000 was released to CBPM. The permit covers areas tied to a NI 43-101 technical report (April 29, 2025) showing a preliminary resource of 25.56 Mt Measured and 38.35 Mt Inferred of >99.6% SiO2 high-purity silica sand. Completion gives Homerun three fully permitted leases in Bahia and positions the company to sell high-purity silica sand and develop purification and advanced materials processing.

Positive

• ANM issued Mining Permit #743 for area 870.011/1989 on Nov 7, 2025
• Executed Definitive Lease Agreement 026/2025 dated Dec 23, 2025
• Final payment of R$ 1,000,000 released to CBPM
• NI 43-101 preliminary resource: 25.56 Mt Measured and 38.35 Mt Inferred of >99.6% SiO2
• Company now holds three fully permitted leases in partnership with CBPM and Bahia
• Assets described as operational-ready to support high-purity silica sand sales and processing

Negative

• None.

News Market Reaction

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On the day this news was published, HMRFF declined 0.46%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - January 8, 2026) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to inform that Brazil's National Mining Agency (ANM) has issued on November 7^th, 2025, the Mining Permit # 743, for the area 870.011/1989, granted under the lease agreement with Companhia Bahiana de Produção Mineral (CBPM) in the municipality of Belmonte, Bahia, Brazil.

The issuing of the Mining Permit triggered the final payment and execution between Homerun and CBPM, of the Definitive Lease Agreement number 026/2025, dated December 23^rd, 2025, confirming the execution of the agreement number 041/2023, signed in December 2023 (see press release), covering four mineral rights: 871.011/1989, 871.375/1989, 873.385/2007 and 870.141/2014. The final payment of R$ 1,000,000 has then been released to CBPM.

The announced mining permit pertains to the area in which Homerun announced a 43-101 compliant technical report on April, 29th 2025 containing a preliminary resource of 25.56 Mt Measured and 38.35Mt Inferred of high-purity silica sand (>99.6% SiO2). The MRE development initiative was part of Homerun's commitment under its partnership with Companhia Baiana de Pesquisa Mineral (CBPM), within the scope of the 40-year lease agreement between the Parties.

"Completion of this final definitive agreement gives Homerun three fully permitted leases in partnership with CBPM and the State of Bahia and aligns with our original stated plans to leverage Homerun into the direct control of significant resources in the SME Silica Sand District." stated Brian Leeners, CEO of Homerun. "This milestone positions Homerun with operational-ready, permitted assets to support high-purity silica sand sales and the development of advanced purification processing and the development of advanced materials like solar glass for the energy and technology sectors."

About Homerun (www.homerunresources.com / www.homerunenergy.com)

Homerun Resources Inc. (TSXV: HMR) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.

• Solar: Development of Latin America's first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.

• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.

• ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

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/279801

FAQ

What did Homerun Resources (HMRFF) receive from Brazil's ANM on November 7, 2025?

Homerun received Mining Permit #743 for area 870.011/1989 on November 7, 2025.

What triggered the Definitive Lease Agreement 026/2025 between Homerun and CBPM?

Issuance of the mining permit triggered final payment and execution of the Definitive Lease Agreement 026/2025 dated Dec 23, 2025.

How much was the final payment released to CBPM under the lease?

The final payment released to CBPM was R$ 1,000,000.

What resource estimate does the related NI 43-101 report show for Homerun's permitted area?

The NI 43-101 preliminary resource reports 25.56 Mt Measured and 38.35 Mt Inferred of >99.6% SiO2 high-purity silica sand.

How many permitted leases does Homerun now hold with CBPM and the State of Bahia?

Completion of the agreement gives Homerun three fully permitted leases in partnership with CBPM and Bahia.

What commercial opportunities does Homerun cite following the permit and lease finalization?

Homerun positions the assets as operational-ready to support high-purity silica sand sales and development of purification and advanced materials like solar glass.