Homerun Resources Inc Stock Price, News & Analysis

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has completed its comprehensive MRE auger drilling and sampling program at the Belmonte high-purity silica deposit in Bahia, Brazil. The program, which began on May 22nd, 2024, concluded on September 16, 2024, with 254 auger holes drilled for a total of 2,565 metres, exceeding the initial forecast by 565 m while staying within budget. All samples have been sent to SGS for analysis using the ICM42Q assay method. The company aims to use this data to issue a 43-101 compliant Mineral Resource Estimate (MRE). This program is part of Homerun's 40-year lease agreement with Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has delivered a quartz silica sample from its Tatooine Project in British Columbia, Canada to the University of California - Davis for testing. The university's Department of Materials Science and Engineering will conduct innovative mechanical and thermal efforts to explore purification methods for the natural Canadian quartz silica. The research aims to utilize Homerun's proprietary advanced femtosecond laser techniques to upgrade the raw material.

The goal is to reduce impurities in the quartz sand, potentially achieving silica quartz grades of at least 99.99% purity. This process is expected to result in minimal workpiece distortion, rapid processing, and a significantly reduced carbon footprint for silica processing. The purified silica will be prepared for reduction to silicon and subsequent use in silicon carbide applications.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has signed a 12-month service agreement with TMM Capital Advisory, effective August 1, 2024. TMM will provide investor relations, marketing, and communications strategies for Homerun, including managing shareholder communications, organizing investor presentations, handling media relations, and managing website and social media content. The agreement, subject to regulatory approvals, involves a monthly fee of CA$15,000.

CEO Brian Leeners expressed excitement about the collaboration, emphasizing TMM's understanding of capital markets and tailored strategies to enhance shareholder value. Tyler Muir, President of TMM Capital Advisory, highlighted Homerun's potential in the energy and critical materials sectors, emphasizing their commitment to operational excellence and sustainability.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has provided an update on its 2,000-meter auger drill program at the Belmonte high-purity silica deposit in Bahia, Brazil. As of July 22, 2024, 140 auger holes totaling 1401.59 meters have been completed. Highlights from the assay results show consistently high silica purity, with many samples exceeding 99% SiO2. The company's CEO, Brian Leeners, expressed excitement about the homogeneous nature of the high-purity silica in the district. The drilling program aims to generate data for a 43-101 compliant Mineral Resource Estimate. This project is part of Homerun's 40-year lease agreement with Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources (TSXV: HMR, OTCQB: HMRFF) has signed a letter of intent (LOI) with Guidoni Brasil to acquire additional silica mineral rights in the Belmonte District, Bahia, Brazil. The LOI, dated July 25, 2024, involves the rights to exploit mining tenements: 871.960/1992, 870.462/1999, 870.463/1999, and 873.387/2007, along with related rights and obligations.

Homerun will pay R$2,500,000 in total, with R$500,000 due within 24 hours of the final agreement and R$2,000,000 in four biannual installments. The transfer requires consent from CBPM, ensuring Guidoni is exempt from liabilities. To guarantee the transaction, 3S Ltda. will endorse it.

Dr. Roque Yuri Tandel, a qualified technical consultant, will review the legal standing and previous data. Additionally, Homerun has ended its exclusivity rights for the Taperoá silica rights due to title irregularities found during due diligence.

Homerun Resources has collaborated with UC Davis to develop a femtosecond thermal laser process that purifies raw silica sand to 99.999% purity. This single-step method, requiring no hazardous chemicals, is both energy-efficient and environmentally friendly. The process, which can purify sand in just two hours, holds significant potential for producing ultra-pure silica for use in semiconductor chips, solar cells, and other high-tech applications. The raw silica sample used in the process was sourced from Homerun's Belmonte Project in Bahia, Brazil. While promising, these results are pending independent verification and a patent application is ongoing.

Homerun Resources has signed an exclusivity agreement for the acquisition of silica sand mineral rights in Taperoá, Bahia, Brazil. The agreement covers several mining rights and grants Homerun a 90-day period for due diligence. An assay showed the deposit contains 99.68% SiO2, indicating high-purity silica sand. If the due diligence is successful, Homerun will pay R$ 30.00 per ton of extracted material as royalties. The company has engaged Dr. Roque Yuri Tandel, a qualified consultant, for the review. This acquisition aims to bolster Homerun's position as a leading supplier of high-purity silica for industrial markets.

Homerun Resources has provided an update on its 2,000-meter auger drill program at the Belmonte high-purity silica deposit in Bahia, Brazil. The program, which began on May 22, 2024, uses two mechanical auger rigs. By May 30, 2024, 18 holes were drilled, totaling 172.77 meters. All samples have intercepted silica sand. The drilling follows strict QAQC procedures, with samples sent to SGS Geosol laboratories for analysis. This project is part of a 40-year lease agreement with Companhia Baiana de Pesquisa Mineral, aiming to produce a 43-101 compliant Mineral Resource Estimate. Safety is a key priority, and the technical team’s performance meets company standards.

Homerun Resources has commenced a 2,000-meter MRE auger drill program at the Belmonte high-purity silica deposit in Bahia, Brazil. Work began on May 20, 2024, with a local contractor and oversight by a team of geologists. Samples will be analyzed by SGS Geosol, and results will contribute to a 43-101 compliant Mineral Resource Estimate (MRE). The initiative is part of a 40-year lease with Companhia Baiana de Pesquisa Mineral (CBPM). CEO Brian Leeners emphasized the project's rapid value build within 12 months and under $1 million in capital investment.