Homerun Resources Inc Stock Price, News & Analysis

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has signed a non-binding Letter of Intent with Veracel Celulose S.A. to explore logistics collaboration opportunities for silica sand transportation. The partnership will utilize Veracel's existing road and maritime infrastructure, including the Maritime Terminal of Belmonte. Veracel will support Homerun with transportation partnerships, grant terminal exclusivity for silica sand operations, and cooperate on social initiatives. Homerun will contribute to road maintenance, implement necessary terminal modifications, and develop aligned social actions. This agreement is part of Homerun's Phase 2 Business Plan Roadmap and aligns with its 40-year lease agreement with Companhia Baiana de Pesquisa Mineral.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has signed a non-binding Memorandum of Understanding (MOU) with Norsul for maritime transport of high purity silica sands from the Belmonte Silica District. The agreement focuses on implementing immediate and future transport opportunities between the ports of Ilhéus and Vitória. Norsul will serve as Homerun's strategic partner in evaluating and developing maritime logistics solutions, supporting planning, coordination, and operational efficiency. This MOU is part of Phase 2 of Homerun's Business Plan Roadmap and complements their existing 40-year lease agreement with Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has signed a non-binding Memorandum of Understanding (MOU) with a local partner in the Belmonte Silica District. The agreement outlines two operational modalities: 1) Partner providing extraction and processing services for Homerun's silica sand for a per-tonne fee, and 2) Product sales arrangement where the partner processes sand from either party and sells it to Homerun or directly to end customers with compensation to Homerun. The partner owns a silica sand processing facility with dry processing capabilities and can quickly invest in upgrades. This MOU is part of Phase 2 of Homerun's Business Plan Roadmap and aligns with their 40-year lease agreement with CBPM.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has entered into a marketing agreement with Interactive Offers, effective November 1, 2024. Interactive Offers, a full-service financial advertising platform, will provide marketing services to increase public awareness of Homerun and its products, services, and securities. The agreement includes a USD$150,000 budget for marketing and awareness campaigns. Interactive Offers will utilize first-party data and proprietary technology to connect with investors through partnerships with financial publishers and media sources. The agreement has an indefinite term based on budget expenditure, with a 30-day mutual termination notice option.

Homerun Resources (TSXV: HMR) (OTCQB: HMRFF) has upsized and closed its non-brokered private placement, raising $2,177,570 through the issuance of 1,675,054 units. Each unit includes one common share and one warrant exercisable at $2.00 for 24 months. The company will pay $38,834 in finder's fees and issue 29,872 Broker Warrants. Proceeds will be allocated to: CBPM Lease Payment ($270,000), Guidoni Purchase Payment ($135,000), Research and Development ($243,000), and Operations & Business Development ($1,733,736).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced an upsizing of its previously announced private placement financing. The company has increased the offering from 769,231 units for $1,000,000 to 1,659,977 units for $2,157,970. Each unit, priced at $1.30, consists of one common share and one warrant exercisable at $2.00 for 24 months. The warrants are subject to acceleration if the company's shares trade at or above $3.00 for 10 consecutive trading days.

Proceeds will be used for general working capital and development of the company's HPQ silica projects. CEO Brian Leeners expressed delight with the support from shareholders. The financing includes participation from company insiders, constituting a related party transaction under MI 61-101, with the company relying on exemptions from valuation and minority shareholder approval requirements.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced a non-brokered private placement financing to raise up to $1,000,000. The offering consists of up to 769,231 units priced at $1.30 per unit. Each unit includes one common share and one warrant, exercisable at $2.00 for 24 months. The company retains the right to accelerate warrant exercise if shares trade at or above $3.00 for 10 consecutive trading days.

Finders' fees may apply, subject to TSX Venture Exchange policies. All securities will have a four-month hold period. Proceeds will be used for general working capital and development of Homerun's HPQ silica projects within the global energy transition sector.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced the hiring of Joel Rovaris Ferrari as a specialized consultant to support the development of their solar glass plant feasibility study in Camaçari, Bahia, Brazil. Mr. Ferrari, a Brazilian industrial manager with over 25 years of experience in solar energy, ceramics, and industrial chemistry, will focus on gathering information about supply costs, energy, labor, and raw materials in the region to calculate the Cost of Goods Sold (COGS) for the manufacturing plant.

This hire aligns with Homerun's Phase 3 Business Plan Roadmap and their partnership with Companhia Baiana de Pesquisa Mineral (CBPM) under a 40-year lease agreement. The project aims to add vertical market value to the Belmonte High Purity Silica Sand asset and meet the growing demand for raw materials in clean and renewable energy sources.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced plans to build Latin America's first dedicated solar glass manufacturing facility with a daily production capacity of 1000 tonnes of low-iron solar glass. The company received a 173-page Budgetary Offer from HORN Glass Industries AG for the project.

Key highlights include:

• CAPEX of EURO 151.5 million for the facility
• Production of ultra-clear solar glass with low iron content
• Advanced control and automation systems
• High energy efficiency and low emissions design

Homerun is evaluating potential sites in Camacari, Bahia, Brazil. The project has received strong support from Bahia government officials, including the Secretary of State for Economic Development and the President of CBPM. This initiative aligns with Brazil's goals to reduce dependence on Chinese imports and boost local industry in the renewable energy sector.