Homerun Resources Inc. reports developments tied to its high-purity, low-iron silica resources in Belmonte, Bahia, Brazil, and its vertically integrated materials strategy. Company updates commonly cover silica supply and processing, the Santa Maria Eterna Silica Sand District, commercial distribution for industrial silica sand, and project work related to antimony-free solar glass manufacturing.
Recurring news also includes advanced silica-materials research, including fused silica glass processing and patent activity, as well as energy storage and energy solutions initiatives. Capital-markets updates include the company's OTCQB-traded shares, TSX Venture listing, and sponsored Brazilian Depositary Receipts listed for trading on Brazil's B3 exchange.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has completed the acquisition of Halocell Europe SRL, which will be renamed to Homerun Energy SRL. The acquisition terms include:
- 1.1 million Homerun common shares issued to Halocell Energy
- AU$600,000 investment in Halocell Energy (5 million shares)
The deal includes escrow restrictions on share sales, with Consideration Shares locked for 4 months followed by a 100,000 monthly sale limit. Similarly, Halocell Energy Shares have a 4-month lock-up period with a 500,000 monthly sale limit. Both parties must provide 30-day notice before selling shares.
Additionally, Halocell Energy granted a perpetual, royalty-free patent license to Halocell Europe. The company also issued 2.1 million stock options at $1.50 per share with a 5-year expiry, and announced the exercise of 7,514,000 warrants from March 2023 at $0.20.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has signed a non-binding offtake agreement with Balfar Solar, a top-three solar panel manufacturer in Brazil. The agreement outlines Balfar's interest in purchasing a minimum of 100,000 tonnes of solar glass annually at USD 750 per tonne (FOB) once Homerun's Solar Glass Plant begins production.
Additionally, both companies have agreed to explore a potential Joint Venture (JV) focused on Balfar's solar module business. The JV aims to expand solar module sales in the Brazilian market and secure vertically integrated sales of Homerun's silica sand and solar glass. This collaboration also provides a pathway for Homerun's Perovskite Solar initiatives.
The agreement is non-binding and will be superseded by binding agreements upon development of the solar module JV and/or when the solar glass plant reaches a Bankable Feasibility Study. This marks Phase 3 of Homerun's Strategic Roadmap towards becoming a fully integrated materials company.
Homerun Resources Inc. (HMRFF) has announced its preliminary Mineral Resource Estimate (MRE) for high-purity silica sand in the Belmonte District, Bahia, Brazil. The MRE reveals 25.56 Mt measured and 38.35 Mt inferred resources of high-purity silica sand (>99.6% SiO2).
The assessment involved 2,565.51 metres of drilling across 254 auger holes, with 1,033 samples analyzed. Current drilling was to 10 metres depth, though potential exists for significant resource increase with deeper drilling to 30 metres, based on historical extraction in the district. A simple washing process effectively removes impurities and increases silica sand grade.
The company's proximity to Jundu operations provides opportunities for long-term, high-volume exploitation. A 43-101 compliant Technical Report is expected before March 31st, 2025. The MRE is part of Homerun's 40-year lease agreement with Companhia Baiana de Pesquisa Mineral (CBPM).
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has been selected for inclusion in the 2025 TSX Venture 50, a prestigious ranking of the top 50 performing companies among over 1,600 issuers on the TSX Venture Exchange.
The selection criteria were based on three key performance indicators during 2024: market capitalization growth, share price appreciation, and trading volume. The company's success is attributed to its work in transforming raw material silica sand into critical industrial inputs.
CEO Brian Leeners expressed pride in this recognition, highlighting the company's commitment to innovation and growth in the materials sector, while emphasizing their contribution to a sustainable future through their industrial vertical integration from raw materials to final products and commercial sales.
Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has executed a definitive agreement with Guidoni Brasil S.A. for the acquisition of exploitation rights in Belmonte, Bahia, Brazil. The agreement, dated February 6th, 2025, involves mining tenements previously granted to Guidoni by Companhia Bahiana de Pesquisa Mineral (CBPM).
The transaction highlights include:
- Permitted extraction rights
- Low extraction royalty of R$26 (US$4.50) per tonne
- Total payment of R$2.5 million, with R$500,000 paid upfront and R$2 million spread over four installments across 24 months
The transfer received CBPM's consent through a Presidential Order issued on January 20th, 2025. Dr. Roque Yuri Tandel, a qualified person with over 30 years of experience, has completed a physical visit and review of the mineral rights and resource development data.
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.