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M&A / Property

Homerun sees mining permit granted to Companhia Bahiana

By The Northwire Desk — AI Analysis Jan 08, 2026 · 18:29 HMR · 0.89 Homerun Resources Inc.
HMR · Price

Executive Summary

  • Homerun Resources Inc. has secured the final mining permit (No. 743) from Brazil's National Mining Agency for area 870.011/1989 in Belmonte, Bahia, Brazil.
  • The issuance of the permit triggered the final payment and execution of the definitive lease agreement with Companhia Bahiana de Producao Mineral (CBPM), confirming the execution of the original agreement signed in December 2023.
  • This milestone grants Homerun three fully permitted leases in partnership with CBPM, securing access to a resource containing 25.56 million tonnes of measured and 38.35 million tonnes of inferred high-purity silica sand.

Key Details

  • Permit Issuance: Mining permit No. 743 issued on Nov. 7, 2025, for area 870.011/1989.
  • Lease Agreement Finalization: Definitive lease agreement No. 026/2025, dated Dec. 23, 2025, was executed, confirming the execution of agreement No. 041/2023 (signed Dec. 2023).
  • Financial Consideration: A final payment of one million Brazilian reais (BRL) was released to CBPM upon the triggering event of the permit issuance.
  • Asset Coverage: The agreement covers four mineral rights: 871.011/1989, 871.375/1989, 873.385/2007, and 870.141/2014.
  • Resource Data: The permitted area is associated with a National Instrument 43-101-compliant technical report (announced April 29, 2025) detailing:
    • Measured Resource: 25.56 million tonnes.
    • Inferred Resource: 38.35 million tonnes.
    • Material: High-purity silica sand (99.6% SiO2).
  • Strategic Context: The initiative supports the development of operational-ready assets for high-purity silica sand sales, advanced purification processing, and advanced materials such as solar glass for the energy and technology sectors.

Notable Quotes

  • "Completion of this final definitive agreement gives Homerun three fully permitted leases in partnership with CBPM and the State of Bahia, and aligns with our original stated plans to leverage Homerun into the direct control of significant resources in the SME silica sand district." — Brian Leeners, Chief Executive Officer
  • "This milestone positions Homerun with operational-ready, permitted assets to support high-purity silica sand sales and the development of advanced purification processing and the development of advanced materials like solar glass for the energy and technology sectors." — Brian Leeners, Chief Executive Officer
Read the original news release →

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