Homerun Resources Inc Stock Price, News & Analysis

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has signed a non-binding offtake agreement with Sengi Solar, Brazil's largest solar module manufacturer. The agreement outlines Homerun's supply of 20,000 tons of solar glass annually at US$750 per tonne FOB, with production costs estimated at US$400 per tonne.

The partnership aims to strengthen Brazil's domestic solar supply chain, where solar accounts for over 20% of total power capacity. Brazil recently joined an elite group of nations exceeding 50 GW of installed solar capacity, adding 13 GW from January to October 2024. Recent federal regulations favor domestic production through tariffs and tax advantages.

The agreement is part of Homerun's Strategic Roadmap Phase 3 towards becoming a fully integrated materials company. A binding agreement will be established once the company's planned Brazilian solar glass plant reaches Bankable Feasibility Study stage.

Homerun Resources Inc. (HMRFF) has signed a binding term sheet to acquire all shares of Halocell Europe SRL, a leader in perovskite solar cell technology. The acquisition involves issuing 1.1 million Homerun common shares and underwriting AU$600,000 worth of shares in Halocell Energy's entitlement offer. Halocell Europe brings over EUR 2.0 million in active grants and 18 months of working capital coverage.

The deal includes licensing arrangements for patent rights and aims to advance commercialization of perovskite solar technology, which has shown remarkable efficiency improvements from 3% in 2009 to over 25% in 2023. This acquisition aligns with Homerun's strategy to develop a vertically integrated business in the energy transition sector, focusing on solar and energy storage.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has secured an Environmental License from the municipality of Belmonte for its silica sand project in Bahia, Brazil. The license, issued on December 6, 2024, covers mineral tenements 871011/1989, 871375/2007, 873385/2007, and 870141/2014, and is valid for two years. Under Bahia state law, this license qualifies as an 'Installation License' for filing the final Mining License with the Mining National Agency (ANM).

The project operates under a 40-year lease agreement with Companhia Baiana de Produção Mineral (CBPM). The license includes standard environmental conditions regarding ecosystem preservation, soil erosion control, and regulatory compliance. Both companies are collaborating on the Mining License application process.

Homerun Resources Inc. (HMRFF) has announced a significant discovery of high-purity quartz lumps in Northeast Brazil's Canindé project. The company conducted exploratory surface mapping across Ceará, Piauí, and Pernambuco states, securing 18 areas totaling 29,241 Ha through Brazil's National Mining Agency.

Analysis of 47 collected samples revealed silica grades between 97.83% and 99.80%, with most results above 99%. The quartz purity is suitable for high-value silicon applications, particularly in electronics and solar cell manufacturing. The project's strategic location near Suape and Pecém ports provides excellent logistics advantages.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) and Bahia Graphite have doubled their investment in their research partnership with UC-Davis due to unsolicited interest in +99.99 silica sand. The increased funding will support materials research and development at UC-Davis Material Science and Engineering laboratories, led by Professor Subhash Risbud.

The collaboration focuses on developing a Scalable Unitized Block Commercial Plant Design with zero-waste and zero-emissions goals. The process, developed with UC Davis, enables high-quality specialty silica production without chemical reagents or environmental impact. The technology will utilize graphite from Bahia Graphite and aims to process critical ores for electronics, microchips, semiconductors, and battery applications.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has hired Odir Julio Pedrazzi Junior as a technical consultant for its solar glass plant project in Camaçari, Bahia, Brazil. Pedrazzi brings 37 years of experience in the glass industry, with expertise in glass processing and previous roles as Director of Operations and Industrial Manager at major Brazilian glass companies.

The 12-month consulting agreement aims to ensure the solar glass plant's development implements advanced techniques and technologies. This hire supports Homerun's Phase 3 Business Plan Roadmap and aligns with its 40-year lease agreement partnership with Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources Inc. (HMRFF) announces progress in their Enduring Energy Storage research partnership with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL). The research reveals promising results for Homerun's silica sand, achieving high purity levels confirmed by NREL and Colorado School of Mines. Key findings include successful thermal cycle testing, particle characterization, and heat capacity measurements. The silica particles show a mean diameter of 220 μm with normal distribution. The CRADA agreement has been extended to May 2025, focusing on assessing silica sand for energy storage, economic analysis, and developing site-specific storage configurations.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has completed its Phase 2 Logistics Plan and secured HPQ Silica supply in Belmonte, Bahia, Brazil. The company has established partnerships for extraction, processing, and transport with zero CAPEX requirements. Key developments include a partnership with Brazil's largest silica sand company for processing, transport agreements with Brazilian operators, and a cost-sharing relationship for logistics infrastructure. The company is progressing on vertical integration initiatives, including development of Latin America's first dedicated solar glass manufacturing facility and research collaborations with UC Davis and NREL. Brazil's increase in solar module import duties to 25% supports the company's domestic solar industry strategy.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has discovered high-purity quartz (HPQ) silica sand in multiple locations across its 100% owned tenements in the Belmonte Silica Sand District, Brazil. The exploratory auger drilling program revealed an average of 99.23% SiO2 content, with the best result reaching 99.80% SiO2. The company projects an exploration target of over 200 million tonnes within the 7,930-hectare concessions. The drilling program, conducted in September 2024, included 15 holes across 4 claim areas, though heavy rainfall affected recovery and depth in several locations.