Homerun Resources Inc. Announces Full Mining Permit and Finalization of the Definitive Lease Agreement With CBPM
Brazilian Silica Permitting Milestone Shifts Focus From Exploration to Massive Industrial Capex Hurdle
The most recent news release (January 8, 2026) announces that Homerun Resources (HMR) has received Mining Permit #743 from Brazil's National Mining Agency (ANM) for area 870.011/1989. Simultaneously, the company has finalized a 40-year Definitive Lease Agreement with the state-owned Companhia Bahiana de Produção Mineral (CBPM). This agreement covers four mineral rights in the Santa Maria Eterna Silica Sand District. The issuance of the permit triggered a final payment of R$ 1,000,000 (approx. $230,000 CAD) to CBPM. The permit applies to a resource containing 25.56 Mt Measured and 38.35 Mt Inferred of high-purity silica sand (>99.6% SiO2).
This news is materially positive as it represents the transition from a mineral explorer to a permitted producer. - De-risking: Receipt of a 40-year lease and an active mining permit removes significant bureaucratic and legal uncertainty regarding the raw material supply. - Resource Validation: The permit is backed by a NI 43-101 compliant resource, providing a confirmed supply for the company’s planned solar glass and advanced materials vertical. - Operational Readiness: CEO Brian Leeners indicates the company now has "direct control" of assets that are "operational-ready." This is a prerequisite for securing the large-scale project financing required for the proposed $150M+ solar glass facility. - Financial Liability: While positive, it triggers the final R$ 1,000,000 payment, adding to the company's near-term cash requirements.
HMR is a vertically integrated company focused on high-purity silica (HPQ). Its flagship project is the Santa Maria Eterna Silica Sand District in Bahia, Brazil. - Strategy: Extract HPQ silica sand, process it into advanced materials (Silicon Carbide, solar glass), and integrate it with proprietary energy storage and AI management software ("The Hub"). - Flagship Resource: 25.56 Mt Measured and 38.35 Mt Inferred high-purity silica sand. - Permitting: Fully permitted for extraction as of Jan 2026.