Homerun Resources Inc. Closes Acquisition of Additional Mineral Rights in the Santa Maria Eterna Silica Sand District
Homerun Consolidates Brazilian Silica District as it Pivots to Vertically Integrated Solar Glass Play
On January 6, 2026, Homerun Resources Inc. (HMR) announced the closing of the acquisition of the "Pedreiras" mining tenement within the Santa Maria Eterna Silica Sand District in Bahia, Brazil. The acquisition was completed through the issuance of 1,656,000 common shares (valued at $1.2M USD) and 276,000 warrants (exercisable at $1.00 CAD for 12 months). This follows a string of 2025 announcements including a $6M institutional financing with Sorbie Bornholm LP, positive metallurgical results from Dorfner Anzaplan confirming 99.9% purity without hydrofluoric acid, and the commencement of government-funded road infrastructure.
This acquisition is a material positive for the company's "Phase 1" strategic goal. By securing the Pedreiras tenement, HMR effectively consolidates control over the Santa Maria Eterna district. - Resource Security: The company now controls a district-scale asset with an NI 43-101 resource (measured/inferred) exceeding 63 million tonnes, which is essential to support the proposed 1,000 tonnes-per-day solar glass plant. - Permitting Advantage: The acquired tenement is described as fully permitted, reducing the timeline to extraction compared to greenfield sites. - Valuation Benchmarking: The acquisition uses a fixed USD/CAD exchange rate and includes a monthly sale limit (100,000 shares) on the issued securities, which mitigates immediate "dumping" risk from the vendor. - Offtake Synergy: This consolidation supports the credibility of the company's existing non-binding offtake letters with Sengi Solar, Balfar Solar, and BRFV, which total over 300,000 tonnes per year.
Homerun Resources has transitioned from a traditional junior explorer to a vertically integrated green energy materials company. - Flagship Project: The Santa Maria Eterna Silica District (Bahia, Brazil). - Strategy: Extract high-purity silica sand, process it locally, and manufacture solar glass and energy storage components. - Subsidiary: Homerun Energy (formerly Halocell Europe), which focuses on AI-driven energy management ("The Hub") and perovskite solar technology.