Homerun Resources Inc. Signs Commercial Letter of Intent with Jundu Ltda. for the Supply, Extraction and Primary Processing of High-Purity Silica Sand
Vertically integrated silica-to-solar play secures district control and tier-one processing partner in Brazil.
The most recent news (March 03, 2026) announces a non-binding Letter of Intent (LOI) with Jundu Ltda., a leading Brazilian industrial mineral producer. The agreement covers the extraction and primary processing of high-purity silica sand from the Santa Maria Eterna (SME) district. Key terms include a projected volume of 365,000 tonnes per year, with Jundu providing 50,000 tonnes from their own leases and processing the remainder from Homerun’s leases. This follows a string of material updates in early 2026, including the completion of the "District Control Strategy" via a 582-hectare land purchase, a five-fold increase in solar glass offtake with Sengi Solar (to 100,000 tonnes/year at $750/tonne), and an LOI with Germany’s SORG Group for the construction of a 1,000 tonne-per-day solar glass plant.
The Jundu LOI is a significant de-risking event. By partnering with an established operator like Jundu (a joint venture involving Saint-Gobain and Sibelco), Homerun mitigates the operational risk of building extraction and primary processing capabilities from scratch. - Operational Synergy: Jundu’s existing expertise in the SME district validates the resource quality and provides a clear path to the Bankable Feasibility Study (BFS). - Revenue Visibility: The Sengi Solar offtake amendment implies a potential gross revenue of $75M USD per year from just one customer, once the plant is operational. - Strategic Control: The February 2026 land acquisition (582 hectares) ensures Homerun owns the surface rights for its industrial complex, removing potential third-party interference. - Technology Validation: The Nature Energy publication regarding perovskite stability (95% efficiency after 5,000 hours) provides long-term "blue sky" potential for their subsidiary, Homerun Energy.
Homerun Resources is developing a vertically integrated silica-to-solar business model. - Flagship Project: The Santa Maria Eterna (SME) Silica Sand District in Bahia, Brazil. - Resource: A NI 43-101 compliant estimate (April 2025) shows 25.56 Mt Measured and 38.35 Mt Inferred at 99.67% SiO2. - Business Model: Extracting high-purity silica to produce "antimony-free" solar glass and advanced materials (Silicon Carbide, Energy Storage).