Homerun Resources secures 582-hectare silica sand property in Brazil's SME District
Homerun Resources Inc. has agreed to buy a 582-hectare property in Brazil's Santa Maria Eterna (SME) Silica Sand District. The deal strengthens the company's control over the region and secures long-term economic interests. The purchase price is set at US$1,100,000, split between cash and shares.
The newly acquired land sits next to Homerun's existing 64-hectare site, which is earmarked for a silica processing and solar glass industrial complex. The property covers high-purity, low-iron silica sand deposits already tied to the company's Material Supply Agreements.
The agreement also includes mineral lease and royalty rights for future exploration within the land's boundaries. Over the past three years, Homerun has focused its mineral contracts and long-term supply deals solely on the SME District, reinforcing its District Control Strategy.
Payment for the purchase will be made partly by wire transfer and partly through Homerun common shares. The share portion remains subject to approval by the TSX Venture Exchange and will carry a four-month hold period.
With this acquisition, Homerun now holds a larger footprint in the SME Silica Sand District. The deal expands its access to key mineral resources and solidifies its position in the region. The company's focus remains on developing its silica processing and solar glass operations.
