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Homerun Resources Inc. Granting of the Environmental License for the Belmonte High Purity Silica Sand Project

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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. (TSXV: HMR) (OTCQB: HMRFF) ha ottenuto una Licenza Ambientale dal comune di Belmonte per il suo progetto di sabbia silicea a Bahia, Brasile. La licenza, rilasciata il 6 dicembre 2024, copre i diritti minerari 871011/1989, 871375/2007, 873385/2007 e 870141/2014, ed è valida per due anni. Ai sensi della legge statale di Bahia, questa licenza si qualifica come 'Licenza di Installazione' per la presentazione della Licenza Mineraria finale all'Agenzia Nazionale Mineraria (ANM).

Il progetto opera sotto un contratto di affitto di 40 anni con la Companhia Baiana de Produção Mineral (CBPM). La licenza include condizioni ambientali standard relative alla preservazione degli ecosistemi, al controllo dell'erosione del suolo e alla conformità normativa. Entrambe le aziende stanno collaborando nel processo di richiesta della Licenza Mineraria.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ha asegurado una Licencia Ambiental del municipio de Belmonte para su proyecto de arena de sílice en Bahia, Brasil. La licencia, emitida el 6 de diciembre de 2024, cubre los derechos minerales 871011/1989, 871375/2007, 873385/2007 y 870141/2014, y es válida por dos años. Según la ley estatal de Bahia, esta licencia califica como una 'Licencia de Instalación' para la presentación de la Licencia Minera final a la Agencia Nacional de Minería (ANM).

El proyecto opera bajo un contrato de arrendamiento de 40 años con la Companhia Baiana de Produção Mineral (CBPM). La licencia incluye condiciones ambientales estándar relacionadas con la preservación del ecosistema, el control de la erosión del suelo y el cumplimiento normativo. Ambas empresas están colaborando en el proceso de solicitud de la Licencia Minera.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF)가 브라질 바히아에 있는 실리카 모래 프로젝트를 위해 벨몬트 시청으로부터 환경 허가를 받았습니다. 이 허가는 2024년 12월 6일에 발급되었으며, 광물 권리 871011/1989, 871375/2007, 873385/2007 및 870141/2014를 포함하고 있고 유효 기간은 2년입니다. 바히아 주 법에 따르면, 이 허가는 광업 국가 기관(ANM)에 최종 광산 면허를 신청하기 위한 '설치 면허'로 자격을 부여합니다.

이 프로젝트는 Companhia Baiana de Produção Mineral (CBPM)와 40년 임대 계약 하에 운영되고 있습니다. 이 허가는 생태계 보존, 토양 침식 방지 및 규정 준수와 관련된 표준 환경 조건을 포함하고 있습니다. 두 회사는 광산 면허 신청 프로세스에서 협력하고 있습니다.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) a obtenu une Licence Environnementale de la municipalité de Belmonte pour son projet de sable siliceux à Bahia, au Brésil. La licence, délivrée le 6 décembre 2024, couvre les droits miniers 871011/1989, 871375/2007, 873385/2007 et 870141/2014, et est valable pour deux ans. Selon la loi de l'État de Bahia, cette licence est qualifiée de 'Licence d'Installation' pour le dépôt de la licence minière finale auprès de l'Agence Nationale des Mines (ANM).

Le projet fonctionne sous un contrat de location de 40 ans avec la Companhia Baiana de Produção Mineral (CBPM). La licence comprend des conditions environnementales standard concernant la préservation des écosystèmes, le contrôle de l'érosion des sols et le respect des réglementations. Les deux entreprises collaborent sur le processus de demande de la licence minière.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) hat eine Umweltgenehmigung von der Gemeinde Belmonte für sein Siliziumdioxid-Projekt in Bahia, Brasilien, erhalten. Die Genehmigung, die am 6. Dezember 2024 ausgestellt wurde, umfasst die Bergbaurechte 871011/1989, 871375/2007, 873385/2007 und 870141/2014 und ist zwei Jahre gültig. Nach dem Gesetz des Bundesstaates Bahia qualifiziert sich diese Genehmigung als 'Baugenehmigung' zur Einreichung des endgültigen Bergbau-Lizenzantrags bei der Nationalen Bergbehörde (ANM).

Das Projekt wird unter einem 40-jährigen Mietvertrag mit der Companhia Baiana de Produção Mineral (CBPM) betrieben. Die Genehmigung umfasst Standard-Umweltbedingungen in Bezug auf den Erhalt von Ökosystemen, die Kontrolle von Bodenerosion und die Einhaltung von Vorschriften. Beide Unternehmen arbeiten zusammen am Antragsprozess für die Bergbaulizenz.

Positive
  • Obtained Environmental License for silica sand project in Brazil
  • License qualifies for final Mining License application
  • Secured under 40-year lease agreement
  • Quick approval process indicates positive government relations
Negative
  • License validity to two years
  • Final Mining License still pending approval
  • Subject to ongoing environmental compliance conditions

Vancouver, British Columbia--(Newsfile Corp. - December 13, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the municipality of Belmonte has issued the Environmental License for Homerun's silica sand project under lease agreement with Companhia Baiana de Produção Mineral (CBPM), in Santa Maria Eterna District, Belmonte, Bahia, Brazil.

The license was issued on December 6, 2024 by the Secretaria Municipal de Meio Ambiente (Municipality's Environment Office), and applies to the mineral tenements 871011/1989, 871375/2007, 873385/2007 and 870141/2014. The license is valid for two years and was issued conditional to the fulfilment of the usual conditions, such as preserving the natural ecosystem, control of soil erosion and compliance with all applicable regulations.

According to the laws of the State of Bahia, this license can be considered an "Installation License" for the purpose of filing for the final Mining License at the Mining National Agency (ANM). Homerun and CBPM are working in cooperation to ensure the filing of the Mining License request. This is another important step forward in Homerun's commitment under its partnership with Companhia Baiana de Pesquisa Mineral (CBPM), within the scope of the 40-year lease agreement between the Parties.

"The fact that this license was issued in such a short period of time and without any special conditions, is strong evidence of the ongoing positive reputation that Homerun has built among all levels of the Bahia Government. We will continue to work diligently to honor this trust and ensure that our business and operational activities bring major positive economic, social and environmental impacts to our community of stakeholders," stated Armando Farhate, COO of Homerun.

About Homerun Resources (https://homerunresources.com/)

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233659

FAQ

When did Homerun Resources (HMRFF) receive its Environmental License for the Belmonte project?

Homerun Resources received the Environmental License on December 6, 2024, from the Belmonte municipality's Environment Office.

How long is HMRFF's Environmental License valid for the Belmonte silica sand project?

The Environmental License is valid for two years from the date of issuance.

What mineral tenements are covered by HMRFF's Belmonte Environmental License?

The license covers mineral tenements 871011/1989, 871375/2007, 873385/2007, and 870141/2014.

What is the duration of HMRFF's lease agreement with CBPM for the Belmonte project?

Homerun Resources has a 40-year lease agreement with Companhia Baiana de Produção Mineral (CBPM).

What are the next regulatory steps for HMRFF's Belmonte silica sand project?

The company needs to file for the final Mining License with the Mining National Agency (ANM).

HOMERUN RES INC

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