Homerun Resources Inc Stock Price, News & Analysis

Homerun Resources Inc. (OTCQB: HMRFF) has announced a significant breakthrough in Silicon Carbide (SiC) synthesis through its partnership with UC Davis Materials Science and Engineering. The company successfully synthesized SiC using its Belmonte silica sand and Bahia Graphite Corporation's raw graphite from Brazil.

The company has outlined a six-phase R&D program for 2025, having already completed Phase 1 in the first half of the year. The remaining phases include pre-treatment & densification, laser synthesis, material characterization, optimization & scaling, and application testing.

This development is strategically important as SiC is a critical material used in electric vehicle powertrains, renewable energy systems, 5G infrastructure, and industrial robotics. By utilizing Brazilian deposits for both silica and graphite inputs, Homerun aims to bypass current global supply chain vulnerabilities in SiC production.

Homerun Resources (HMRFF) has secured a binding term sheet for a $6 million CAD financing with an institutional investor. The offering consists of 6 million units at $1.00 CAD per unit, with funds to be released in monthly tranches of $250,000 CAD over 24 months. Each unit includes one common share and one warrant exercisable for 3 years. Of the 6 million warrants, 1.5 million will be exercisable at $1.18 CAD, while the remainder will be released over 24 months with exercise prices at a 20% premium to the 5-day VWAP. The investor will receive a $360,000 corporate finance fee in shares. Additionally, Homerun is extending and repricing its previously announced non-brokered private placement to $3 million CAD at $1.00 per unit.

Homerun Resources (HMRFF) has been selected to advance to the Detailed Work-Plan phase of a major funding initiative by Brazil's BNDES and FINEP. The company was chosen from 124 proposals as the only silica/silicon-focused company for the USD $815 million strategic minerals transformation program. This selection positions Homerun to access various funding instruments including long-term credit lines, equity investments, and non-reimbursable funds. The funding will support the industrialization of the Belmonte Silica Project, including construction of processing facilities, technology scale-up, and workforce development. The R$5 billion program, part of the New Industry Brazil initiative, aims to support industrial plants and pilot projects focused on research and development, with R$8 billion reserved for company equity investments in partnership with Vale.

Homerun Resources Inc. (HMRFF) announced that the Municipality of Belmonte in Bahia, Brazil has issued Decree 150 to expropriate a 64.50-hectare rural property called Fazenda São José. The expropriation, which will be made with fair cash compensation, is intended for Homerun's planned Silica Processing Plant and Solar Glass Manufacturing facility. The facility will have a capacity of 1,000 tons per day and represents a key milestone in establishing a complete value chain from mineral extraction to high-value solar products. This decree fulfills part of a Memorandum of Understanding signed on May 12th, 2025, between Homerun and various Brazilian state entities including CBPM, BahiaGás, SECTI, and the municipality of Belmonte.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has appointed Tom Fontaine to its Board of Directors. Fontaine brings over 30 years of experience in energy and technology sectors, with expertise in capital markets, energy, and advanced materials. His background includes successful leadership in oil and gas, solar technology, and clean energy solutions. The appointment aligns with Homerun's focus on developing green energy solutions through advanced silica, photovoltaic, and energy storage technologies.

Homerun Resources Inc. (HMRFF) has announced several key corporate updates. Long-time Director Greg Pearson is retiring from the board but will continue in an advisory role. The company has also engaged Integral Wealth Securities Limited to provide market-making services for a three-month initial term at CAD $6,000 per month, starting May 13, 2025. Additionally, the company granted 500,000 stock options at $1.50 to new Executive Director Stephen Burega.

The market-making agreement with Integral, which can be terminated after the third month with 30 days notice, aims to maintain an orderly market for Homerun's securities on the TSXV. Integral, an independent CIRO-licensed investment dealer, will provide the capital and securities required for trading activities.

Homerun Resources Inc. (HMRFF) has signed a significant MoU with multiple Brazilian entities to develop industrial projects in Belmonte, Bahia. The agreement includes a 60-hectare land donation and support for developing a 120,000-ton annual Silica Processing facility and a 365,000-ton Solar Glass manufacturing facility. Key partners include CBPM, BahiaGás, SECTI, and Belmonte Municipality. The project expects to generate 500 direct jobs, 2,800 indirect jobs, and 1,000 temporary construction jobs with an investment of up to R$1.8 billion. The MoU ensures infrastructure support, including natural gas supply, road improvements, and tax incentives. BahiaGás commits to supplying 6,100 Nm³/h of natural gas. The agreement spans 36 months with potential extensions, requiring Phase I completion within 12 months and Phase II within 24 months of construction start.

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.