01:29:06 EST Wed 04 Mar 2026
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Homerun Resources Inc
Symbol HMR
Shares Issued 74,687,563
Close 2026-03-03 C$ 0.88
Market Cap C$ 65,725,055
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Homerun Resources signs LOI with Brazilian outfit

2026-03-03 17:15 ET - News Release

Mr. Brian Leeners reports

HOMERUN RESOURCES INC. SIGNS COMMERCIAL LETTER OF INTENT WITH JUNDU LTDA. FOR THE SUPPLY, EXTRACTION AND PRIMARY PROCESSING OF HIGH-PURITY SILICA SAND

Homerun Resources Inc. has executed a non-binding letter of intent (LOI) with Jundu Ltda. for the extraction, processing and sale of high-purity silica sands from Santa Maria Eterna (SME) silica sand district in Belmonte, Bahia, Brazil. Jundu is Brazil's most established industrial silica sand producer.

Both Homerun and Jundu hold CBPM lease assets in the SME district and Jundu currently operates silica processing infrastructure with the capacity to invest quickly in upgraded processing capacity in support of large-scale silica sales brought forth by Homerun. Under the LOI, Homerun has invited Jundu to become a contributing partner for the supply of high-purity silica sand from its leases in the SME silica sand district, in particular for Homerun's planned solar glass plant and associated secondary processing operations. Homerun's forecast demand for the SME industrial complex is approximately 365,000 tonnes per year and the LOI envisages that Jundu will be responsible for:

  • Extraction and Processing (initially washing and sizing) of the silica sand, with the possibility of installing an updated facility within Homerun's industrial complex to maximize capital efficiency and market competitiveness;

  • Annual silica sand supply from Jundu's own SME leases of a minimum of 50,000 tonnes per year (up to the 365,000 tonnes per year projected total), with the balance extracted at Homerun's discretion from Homerun's SME leases.

Across these initiatives, the LOI contemplates a projected volume of around 365,000 tonnes per year, across silica sales to third parties, silica for advanced purification by Homerun and silica for Homerun's solar glass plant.

This Jundu LOI is a key deliverable under both phase 1 (commercial SME district control) and phase 2 (development of logistics and production to revenues) of Homerun's business plan road map and aligns with the company's commitments under its 40-year lease agreement with Companhia Baiana de Pesquisa Mineral (CBPM). By defining commercial structures, price ranges and volume ramps with a large, existing industrial partner with processing capability, the LOI is intended to support the development of the bankable feasibility study (BFS) for Homerun's planned solar glass manufacturing facility at Santa Maria Eterna.

Brian Leeners, chief executive officer of Homerun, commented, "Advancing from an MOU to a structured commercial LOI with Jundu is a major de-risking event for Homerun. It gives us a clear, scalable path to secure and process the high-purity silica we need, with a partner that already understands this district and this product and has an extensive business in the Brazilian silica market. These commercial terms are designed to feed directly into our bankable feasibility study for the Santa Maria Eterna solar glass plant and, just as importantly, they facilitate a rapid move from the BFS to construction and then to meaningful cash flow. For our shareholders, this LOI is about converting potential into an executable, large-scale industrial plan in partnership with one of the most credible silica players in Brazil."

About Jundu Ltda.

Jundu Ltda. is a leading Brazilian producer of industrial minerals, with a primary focus on high-purity quartz sand and other non-metallic minerals used in glass, foundry, chemical, ceramic, construction and energy markets. Jundu is jointly owned by Sibelco, a global material solutions company specializing in industrial minerals, and Saint-Gobain, one of the world's largest building materials and construction-solutions groups.

About Homerun Resources Inc.

Homerun is building the silica-powered backbone of the energy transition across four focused verticals: silica, solar, energy storage and energy solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

We seek Safe Harbor.

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