Homerun Resources Inc. Signs LOI for the Acquisition of Additional Belmonte District Silica Mineral Rights
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 (TSXV: HMR, OTCQB: HMRFF) ha firmato una lettera di intenti (LOI) con Guidoni Brasil per acquisire ulteriori diritti minerari di silice nel Distretto di Belmonte, Bahia, Brasile. La LOI, datata 25 luglio 2024, riguarda i diritti di sfruttamento dei terreni minerari: 871.960/1992, 870.462/1999, 870.463/1999 e 873.387/2007, insieme ai relativi diritti e obbligazioni.
Homerun pagherà un totale di R$2.500.000, con R$500.000 da versare entro 24 ore dalla firma finale e R$2.000.000 in quattro rate semestrali. Il trasferimento richiede il consenso di CBPM, garantendo che Guidoni sia esente da responsabilità. Per garantire la transazione, 3S Ltda. la avallerà.
Il Dr. Roque Yuri Tandel, un consulente tecnico qualificato, esaminerà la situazione legale e i dati precedenti. Inoltre, Homerun ha terminato i suoi diritti di esclusività per i diritti di silice di Taperoá a causa di irregolarità nei titoli riscontrate durante la due diligence.
Homerun Resources (TSXV: HMR, OTCQB: HMRFF) ha firmado una carta de intención (LOI) con Guidoni Brasil para adquirir derechos adicionales sobre minerales de sílice en el Distrito de Belmonte, Bahia, Brasil. La LOI, fechada el 25 de julio de 2024, involucra los derechos para explotar los terrenos mineros: 871.960/1992, 870.462/1999, 870.463/1999 y 873.387/2007, junto con los derechos y obligaciones relacionados.
Homerun pagará un total de R$2.500.000, con R$500.000 a pagar dentro de las 24 horas posteriores al acuerdo final y R$2.000.000 en cuatro cuotas semestrales. La transferencia requiere el consentimiento de CBPM, asegurándose de que Guidoni esté exento de responsabilidades. Para garantizar la transacción, 3S Ltda. la respaldará.
El Dr. Roque Yuri Tandel, un consultor técnico calificado, revisará la situación legal y los datos previos. Además, Homerun ha terminado sus derechos de exclusividad sobre los derechos de sílice de Taperoá debido a irregularidades en el título encontradas durante la diligencia debida.
Homerun Resources (TSXV: HMR, OTCQB: HMRFF)는 브라질 바히아주 벨몬테 지역에서 추가 실리카 광물 권리를 인수하기 위해 Guidoni Brasil과 의향서(LOI)를 체결했습니다. 2024년 7월 25일자로 발행된 LOI는 탐사 허가 번호 871.960/1992, 870.462/1999, 870.463/1999 및 873.387/2007의 채굴 권리를 포함하며, 관련된 권리와 의무를 포함합니다.
Homerun은 총 R$2,500,000를 지불하며, R$500,000는 최종 계약 체결 후 24시간 이내에 지급하고, 나머지 R$2,000,000는 4회의 반기 할부로 지급합니다. 이 양도는 CBPM의 동의를 요구하며, Guidoni는 책임으로부터 면책됩니다. 거래를 보장하기 위해 3S Ltda.가 이를 보증할 것입니다.
자격을 갖춘 기술 고문인 로크 유리 탄델 박사가 법적 지위와 이전 데이터를 검토할 것입니다. 또한, Homerun은 실사 중 발견된 소유권 불규칙성으로 인해 Taperoá 실리카 권리에 대한 독점권을 종료했습니다.
Homerun Resources (TSXV: HMR, OTCQB: HMRFF) a signé une lettre d'intention (LOI) avec Guidoni Brasil pour acquérir des droits miniers supplémentaires sur la silice dans le district de Belmonte, Bahia, Brésil. La LOI, datée du 25 juillet 2024, concerne les droits d'exploitation des gisements miniers : 871.960/1992, 870.462/1999, 870.463/1999 et 873.387/2007, ainsi que les droits et obligations qui y sont liés.
Homerun paiera un total de R$2.500.000, dont R$500.000 à verser dans les 24 heures suivant l'accord final et R$2.000.000 en quatre paiements semestriels. Le transfert nécessite le consentement de CBPM, garantissant que Guidoni est exonéré de responsabilités. Pour garantir la transaction, 3S Ltda. l'appuiera.
Dr. Roque Yuri Tandel, un consultant technique qualifié, examinera la situation légale et les données précédentes. De plus, Homerun a mis fin à ses droits d'exclusivité sur les droits de silice de Taperoá en raison d'irrégularités de titre constatées lors de la diligence raisonnable.
Homerun Resources (TSXV: HMR, OTCQB: HMRFF) hat eine Absichtserklärung (LOI) mit Guidoni Brasil unterzeichnet, um zusätzliche Silizium-Mineralrechte im Belmonte-Distrikt, Bahia, Brasilien, zu erwerben. Die LOI, datiert auf den 25. Juli 2024, betrifft die Rechte zur Ausbeutung der Bergbaurechte: 871.960/1992, 870.462/1999, 870.463/1999 und 873.387/2007 sowie die damit verbundenen Rechte und Verpflichtungen.
Homerun wird insgesamt R$2.500.000 bezahlen, wobei R$500.000 innerhalb von 24 Stunden nach dem finalen Vertrag fällig sind und R$2.000.000 in vier halbjährlichen Raten. Der Transfer erfordert die Zustimmung von CBPM, um sicherzustellen, dass Guidoni von Haftungen befreit ist. Zur Sicherstellung der Transaktion wird 3S Ltda. dies unterstützen.
Dr. Roque Yuri Tandel, ein qualifizierter technischer Berater, wird den rechtlichen Status und die vorherigen Daten überprüfen. Zudem hat Homerun seine Exklusivrechte für die Siliziumrechte von Taperoá aufgrund von Titelunregelmäßigkeiten, die während der Due-Diligence-Prüfung festgestellt wurden, beendet.
- Homerun is acquiring additional silica mineral rights, potentially increasing its competitive advantage.
- The acquisition consolidates control over one of the best HPQ silica sand districts globally.
- Total required payments are outlined clearly, providing financial transparency.
- The transaction requires CBPM's consent, which could introduce delays or complications.
- The endorsement by 3S Ltda. indicates a dependency on third parties for transaction guarantees.
- Homerun terminated exclusivity rights for Taperoá silica rights due to title irregularities, indicating potential legal and compliance risks.
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2024) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has signed a letter of intent (LOI) with Guidoni Brasil S.A. (Guidoni), dated July 25th, 2024, for the acquisition of the Guidoni exploitation rights granted under a lease agreement with Companhia Bahiana de Pesquisa Mineral (CBPM) in the municipality of Belmonte, Bahia, Brazil.
The purpose of the LOI, is the acquisition, by Homerun, of the rights to exploit the following mining tenements: 871.960/1992, 870.462/1999, 870.463/1999 and 873.387/2007, as well as the definitive transfer of all other rights and obligations arising from bidding notice No. 004/2020 and lease agreements # 018/2022 and 026/2022, granted to Guidoni by CBPM.
Brian Leeners, CEO of Homerun stated, "We have stated from the beginning, and for obvious reasons, that we would be continually focused on consolidating control over the Belmonte Silica District, and we continue to execute on that mandate. This process requires a major effort and considerable patience in building beneficial relations and the negotiation of terms and I want to thank the Brazilian Team, for relentless efforts in this regard on behalf of Homerun. Our Belmonte Silica District consolidation efforts are continuing, to the benefit of our shareholders."
"Homerun is improving what was already very, very good. These additional assets, in the same geological formation of our existing assets, will increase our global competitive benefit from controlling one of the best HPQ silica sand districts in the world", stated Armando Farhate, COO of Homerun.
The total required payments under the terms of the Acquisition will be R
- R
$500,000 within twenty-four hours of the execution of the definitive agreement for the transfer of the Guidoni rights and obligations.
- R
$2,000,000 , paid over four installments, maturing, one by one, every 6 months, from the date of payment of the first installment.
The parties will also require CBPM to consent to the transfer to Homerun, of the Guidoni agreement with CBPM, which includes all the rights and obligations arising from the bidding notice 004/2020 and the lease agreements # 018/2022 and 026/2022, which must expressly state that Guidoni is now exempt from any and all non-compliance and/or future liabilities. After obtaining consent from CBPM, Homerun and Guidoni will sign the definitive agreement for the transfer of the rights and obligations.
At the request of Guidoni and, due to Homerun being a foreign domiciled corporation, and until the effective payment of the last installment by the Company, the transaction will be guaranteed through the endorsement of 3S Ltda., a Brazilian company controlled by Mr. Antonio Vitor Junior (Country Manager of Homerun).
The Company is engaging Dr. Roque Yuri Tandel, to perform a physical visit to the areas and to complete a review and confirmation of the legal standing of the mineral rights and the previous resource development data. Dr. Roque Yuri Tandel is a Technical Consultant with more than 30 years of experience, and he is a Qualified Person registered by the CBRR (registration nº 017015) in the specialties of Mineral Exploration and Estimation of Mineral Resources. Dr. Roque Yuri Tandel, was previously Geologist / Systems and Quality Manager for Sibelco Mineração Ltda.
Figure 1: location of existing Homerun directly owned claims (yellow) controlled claims via CBPM Lease Agreement (red), supply partnership claims via SDP Supply Agreement (green) and the new claims under the Guidoni Agreement (in blue).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4082/218097_c4356c6584cd18ec_001full.jpg
Further, the Company also announces that it has terminated its exclusivity rights for the acquisition of the previously announced silica mineral rights in Taperoá, BA (see News Release, dated June 13th, 2024), after the due diligence process identified title irregularities and non-compliance with regulatory obligations required under the ownership of those concessions.
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.
Qualified Person
Technical information in this news release has been reviewed and approved by Dr. Roque Yuri Tandel, P.Geo., a "Qualified Person" as defined under NI 43-101 Standards of Disclosure for Mineral Projects.
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/218097
FAQ
What is the purpose of Homerun Resources' LOI with Guidoni Brasil?
What are the financial terms of Homerun's acquisition of Guidoni mineral rights?
What are the key mining tenements involved in Homerun's LOI with Guidoni?
Who will review the legal standing of the mineral rights acquired by Homerun?
What was the reason behind Homerun ending its exclusivity rights for the Taperoá silica rights?
