Homerun Resources Inc. Announces Multi-Process Testing Results for Santa Maria Eterna High-Purity Silica Sand Project

On December 9, 2025, Homerun Resources announced exceptional results from metallurgical testing on silica sand from its Belmonte Project in Brazil, conducted by the German firm Dorfner Anzaplan GmbH. The tests confirmed a very high purity of 99.9694% SiO2 in raw washed sand with low total impurities of 306 ppm.

Crucially, the testing validated multiple purification processes that do not use hazardous hydrofluoric acid (HF). These non-HF processes achieved total impurity levels as low as 92 ppm. The resulting silica quality meets the specifications for premium applications, including solar glass, Type I optical glass, silicon carbide production, and engineered stone. The CEO, Brian Leeners, highlighted that achieving these specifications without HF is a "game-changer" for project economics and environmental permitting, noting the exceptionally low iron and aluminum content gives the project an inherent competitive advantage.

This news is materially positive and represents a significant de-risking milestone for the company's flagship Belmonte project. The analysis of the historical news flow shows a clear, systematic progression towards developing a vertically integrated "silica-to-solar" business, and this announcement validates the quality of the foundational asset.

• Validation of Core Asset: For months, the company has been building its strategy around the purported high quality of its silica sand (e.g., Oct 8, 2025, news on antimony-free glass). These results from a respected, independent third-party lab provide definitive proof of the sand's exceptional purity, moving the project from claims to substantiated fact.

• Economic and Permitting Game-Changer: The confirmation of a viable, non-hydrofluoric acid (non-HF) purification process cannot be overstated. HF is a highly toxic and corrosive chemical, and its use in industrial processes brings significant environmental, safety, and permitting challenges, along with higher operational costs. By avoiding HF, Homerun significantly enhances the project's ESG profile, streamlines the path to permitting, and improves potential operating margins. This directly addresses and mitigates a key technical and environmental risk.

• Supports Bankable Feasibility Study (BFS): On November 13, 2025, the company engaged DTEC Engineering to advance the BFS for its solar glass plant, targeting completion in Q1 2026. Positive metallurgical results are a critical input for any BFS. These strong results provide a solid foundation for the study's process design and economic model.

• Strengthens Financing Position: The news comes one day after the company closed a CAD $6 million financing with institutional investor Sorbie Bornholm LP (Dec 8, 2025). This capital injection, combined with these stellar metallurgical results, significantly strengthens the company's position as it seeks the much larger project financing required for plant construction. It provides tangible evidence to potential financiers, like Brazil's BNDES and FINEP (mentioned July 28, 2025), of the project's technical viability and superior characteristics.

While this is a major step forward, the company is still an exploration/development stage entity with regards to this project. The results are from lab-scale tests, and the challenge of scaling up to a commercial processing plant and a 1,000-tonne-per-day solar glass facility presents considerable execution risk.

Homerun Resources Inc. is a junior company aiming to become a vertically integrated player in the energy transition sector. Its strategy is built on two pillars: Homerun Advanced Materials, focused on high-purity silica, and Homerun Energy Solutions, focused on solar glass, perovskite solar technology, and energy storage solutions.

The company's flagship project is the Belmonte High-Purity Silica Project in Bahia, Brazil. The strategic plan involves extracting and processing its high-grade silica sand to be used as the primary feedstock for a planned 1,000-tonne-per-day solar glass manufacturing facility. This would be the first such facility in Latin America. The company has also acquired technology and a commercial pipeline in Europe for energy management systems and is pursuing R&D in advanced materials like silicon carbide and perovskite solar cells.