Homerun Resources Inc Stock Price, News & Analysis

Homerun Resources Inc. (HMRFF) has submitted a proposal to the joint strategic mineral transformation funding call by Brazil's BNDES and FINEP. The company's proposal, focused on transforming silica into high-value solar glass, is notably the only silica/silicon-related submission among 124 proposals received.

The R$5 billion (US$824 million) funding program, part of the New Industry Brazil initiative, aims to support industrial plants and pilot projects focusing on R&D&I. The program includes R$8 billion for company equity investments, partially in partnership with Vale. Homerun's project emphasizes local workforce development and aligns with Brazil's goals for domestic value addition in strategic minerals for energy transition.

Homerun Resources Inc. (HMRFF) has signed a letter agreement with The Land & Mineral Company for an exclusive 90-day evaluation period of the Spruce Pine Silica Project in North Carolina. The project is strategically located just 3.2km from Sibelco's operations and 8.1km from The Quartz Corp in the Spruce Pine Silica Mining District, which supplies 70-90% of global high-purity quartz. The evaluation will include new sampling, assaying, and thermoelectric purification testing at UC Davis, where previous testing successfully improved SiO2 grades in other company projects. The Spruce Pine district's quartz is crucial for semiconductor and solar PV manufacturing, particularly in producing fused silica crucibles for silicon ingot production, where it represents about 30% of production costs.

Homerun Resources Inc. (HMRFF) has advanced its silica purification initiatives by sending >99.99% SiO2 samples, previously purified through NREL testing, to UC Davis for femtosecond laser purification. This follows their June 2024 success in producing 99.999% SiO2 from raw silica sand from their Belmonte Silica Resource in Brazil. Meanwhile, Dorfner Anzaplan GmbH is developing final processes for a 120,000-tonne annual silica processing plant in Belmonte. The company aims to target both industrial uses and emerging markets like battery anode materials, where silicon anodes are projected to reach a $15 billion market by 2035. Additionally, Homerun announced the appointment of Stephen Burega as Executive Director, bringing 30 years of leadership experience in finance, mining, and public affairs.

Homerun Resources has completed a 43-101 compliant Technical Report for its Belmonte Silica Sand District project in Bahia, Brazil. The report confirms substantial high-purity silica sand resources of 25.56 million tonnes Measured and 38.35 million tonnes Inferred, with average silica content exceeding 99.6%.

The assessment, conducted by Geoinform Pesquisas Geológicas, involved 254 auger drill holes totaling 2,565 meters. The project benefits from:

• Strategic location with good infrastructure access
• Environmental license secured in December 2024
• 40-year lease agreement with CBPM
• Potential for glass, ceramic, and technology applications

The resource modeling considered depths up to 10 meters for measured resources and 25 meters for inferred resources, based on observations from the adjacent Jundu mine. Simple washing tests demonstrated improved silica grades, highlighting strong economic potential.

Homerun Resources Inc (HMRFF) addresses the impact of recent US global tariffs on its operations. The US implemented a baseline 10% tariff on imported goods, with higher rates for various countries: China (34%), EU (20%), and South Korea (25%). Brazil faces only a 10% tariff, positioning it advantageously in the global market.

The company operates six profit centers:

• Ultra-Pure Silica Sand Processing Plant in Bahia, Brazil, targeting Asian markets
• Solar Glass Manufacturing Facility in Brazil, benefiting from 25% tariffs on imported solar components
• Enduring Thermal Energy Storage System partnership with NREL
• Energy Solutions and Management operations in EU and North Africa
• Perovskite Solar technology initiatives in Europe
• Solar Modules development with Brazilian partners

The company's strategic positioning across multiple geographies and verticals, particularly in Brazil, provides resilience against trade policy impacts.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has appointed DGWA GmbH as its European financial market advisor to enhance its presence in the European market. The 12-month engagement, starting April 1, 2025, will focus on connecting with investors in the DACH region (Germany, Austria, and Switzerland) and other European countries.

DGWA will help increase investor awareness of Homerun's activities in Brazil and Europe, particularly its advanced silica technologies for green energy solutions. The company will pay DGWA €5,000 monthly for the initial 3 months, followed by €7,500 monthly thereafter.

The appointment leverages Homerun's existing dual listing on the Frankfurt, Stuttgart and Munich Stock Exchanges. The company's recent acquisition of Homerun Energy SRL (formerly Halocell Europe) positions it in the perovskite photovoltaic technology sector, targeting the European renewable energy market.

Homerun Resources Inc. (HMRFF) has commissioned Dorfner Anzaplan GmbH to perform final testing and design work for its high-purity silica sand purification plant in Belmonte, Brazil. The project aims to establish a 120,000 tonnes per annum processing facility and produce Ultra-Pure Silica Sand with less than 100 ppm of impurities.

The engagement builds on previous successful test work conducted in 2024 with NREL and UC-Davis Materials Lab, which demonstrated the ability to achieve >99.99% SiO2 purity. Anzaplan will develop:

• Process design and block flow diagram
• Mass balance calculations
• Major equipment list
• AACE class 5 CAPEX estimate

The project is scheduled for completion in Q2 2025, with plant development planned for 2025. This initiative aligns with Homerun's strategy to focus on high-margin applications and establish itself as a leading global provider of high-purity silica sand for industrial and technology applications.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced a non-brokered private placement financing targeting minimum gross proceeds of CA$3 million. The financing structure includes a minimum of 2,500,000 units priced at CA$1.20 per unit, based on the 90-day volume weighted average share price.

Each unit comprises one common share and one purchase warrant, with warrants exercisable at CA$2 per share within 24 months. The company maintains acceleration rights if shares trade at or above CA$3 for 10 consecutive trading days. The securities will have a four-month hold period, and finders' fees may apply per TSX Venture Exchange policies.

Proceeds will support general working capital and ongoing business development in the company's vertically integrated silica to solar and energy storage operations.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced the rebranding of its newly acquired subsidiary Halocell Europe SRL to Homerun Energy SRL. The acquisition brings significant assets including:

- 15 years of experience in photovoltaic technologies with specialization in perovskite photovoltaics
- A perpetual license for Perovskite PV and other Patent Rights from Halocell Energy (Australia)
- A stake in Halocell Energy (Australia), pioneers in perovskite-on-device technology
- A binding agreement to acquire 60% of SeisSolar Fotovoltaica with rights for the remaining 40%

SeisSolar, a European leader in B2B alternative energy solutions, has generated over EUR70 million in cumulative revenues over 2022-2024. The company will integrate AI Energy Management and Control System Solutions into SeisSolar's network of over 2,800 active customers across Southern Europe and North Africa.