Homerun Resources Inc. Final Approval of Four Applications for New Concessions in the Belmonte Silica District

Rhea-AI Summary

Homerun Resources Inc. (HMRFF) has received final approval for its four applications to increase its presence in the Belmonte Silica District in Brazil, adding new concessions totaling 7,930 hectares. The approvals are contiguous to the quartzite stone quarry operations of Saint Gobain (Brazil), marking a significant step in the company's expansion strategy.

Vancouver, British Columbia--(Newsfile Corp. - February 7, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has received final approval of its four applications to the Agência Nacional de Mineração (ANM) to increase its presence in the Belmonte Silica District in Belmonte, Bahia, Brazil, near the Port of Ilheus. The applications comprise new concessions totaling 7,930 hectares. The concessions are contiguous to the quartzite stone quarry operations of Saint Gobain (Brazil) in the Belmonte Silica District. The approval of the application is a further step in the Company's continuing strategy to expand its presence and opportunities within the Belmonte Silica District.

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About Homerun Resources

Homerun Resources is focused on the development of its business within the critical and energy materials sectors. With a steadfast commitment to operational excellence, sustainability, and building shareholder value, Homerun Resources Inc. is poised to make a lasting impact in these industries.

On behalf of the Board of Directors of
Homerun Resources Inc.

"Brian Leeners"

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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FAQ

What is the ticker symbol for Homerun Resources Inc.?

The ticker symbol for Homerun Resources Inc. is HMRFF.

Where is the Belmonte Silica District located?

The Belmonte Silica District is located in Belmonte, Bahia, Brazil, near the Port of Ilheus.

How many hectares do the new concessions total?

The new concessions total 7,930 hectares.

Who are the quartzite stone quarry operations contiguous to the approved concessions?

The approved concessions are contiguous to the quartzite stone quarry operations of Saint Gobain (Brazil).

What is the significance of the final approval for Homerun Resources Inc.?

The final approval marks a significant step in the company's expansion strategy within the Belmonte Silica District.