Northwire Canada EditionWednesday, July 29, 2026
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M&A / Property

Homerun Resources adds final silica lease in Brazil

By The Northwire Desk — AI Analysis Jan 06, 2026 · 17:56 HMR · 0.94 Homerun Resources Inc.
HMR · Price

Executive Summary

  • Homerun Resources Inc. has closed the acquisition of the Pedreiras mining tenement in the Santa Maria Eterna silica sand district in Bahia, Brazil, from Pedreiras do Brasil S.A.
  • This transaction represents the third and final lease acquisition from Companhia Bahiana de Pesquisa Mineral (CBPM), completing the company's strategic consolidation of control over the district.
  • The acquisition was settled via the issuance of equity and warrants, with the target tenement already fully permitted and subject to a low royalty rate.

Key Details

  • Target Asset: Pedreiras mining tenement located in the Santa Maria Eterna silica sand district, municipality of Belmonte, Bahia, Brazil.
  • Counterparty: Pedreiras do Brasil S.A. (controlled by Vitoria Stone).
  • Transaction Status: Closed.
  • Consideration Structure:
    • Common Shares: Issuance of 1,656,000 common shares valued at $1.2 million USD.
      • Share Price: $1.00 USD per share.
      • Exchange Rate Used: $1.00 USD = $1.38 CAD.
    • Warrants: Issuance of 276,000 share purchase warrants valued at $200,000 USD.
      • Exercise Price: $1.00 CAD per share.
      • Term: One year.
  • Regulatory & Trading Conditions:
    • Approval was required from the TSX Venture Exchange.
    • Securities are subject to a standard four-month statutory hold period.
    • Pedreiras agreed to limit monthly sales of Homerun common shares to 100,000 units and must contact Homerun prior to any sale.
  • Asset Characteristics:
    • The tenement is fully permitted.
    • Royalty Rate: 30.17 Brazilian reals per extracted tonne.
  • Strategic Context: This marks the final CBPM lease acquisition, consolidating Homerun's control over the Santa Maria Eterna silica sand district.

Notable Quotes

  • No direct quotes from executives were included in the provided text.
Read the original news release →

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