With today´s news, Homerun Resources Inc. has taken another decisive step forward in consolidating its position as a leader in high-purity silica. Brazil’s National Mining Agency (ANM) has formally approved the Final Exploration Report for mineral rights leased from Companhia Bahiana de Pesquisa Mineral (CBPM) in the Santa Maria Eterna High Purity Silica District, Bahia, Brazil.
The report, which includes a NI 43-101 compliant Mineral Resource Estimate, outlines 25.56 million tonnes (Measured) and 38.35 million tonnes (Inferred) of ultra-high-grade silica sand (>99.6% SiO2). This marks a significant validation of the scale and quality of Homerun’s silica holdings and provides the foundation for the next step – submission for the Final Mining Permit. WHY IT MATTERS TO INVESTORS This approval is more than a regulatory milestone; an approval that enhances the company’s pathway to commercialization:
• Resource Certainty: The ANM’s approval validates Homerun’s resource base, de-risking the project and supporting long-term development plans.
- Permitting Momentum: With one CBPM lease already fully permitted for immediate extraction, today’s approval accelerates Homerun’s ability to move from exploration into commercial-scale production.
- Strategic Advantage: High-purity silica is a critical raw material for solar glass, advanced batteries, and energy storage technologies. Demand is soaring, while supply chains outside of China remain limited.
- Vertical Integration: Homerun is not simply a mining play – it is building a vertically integrated energy materials business, including a 120,000 tonnes/ year silica processing plant, a 365,000 tonnes/year solar glass facility, and partnerships with UC-Davis and the U.S. Department of Energy/NREL on advanced purification and storage technologies.