On September 24, 2024, Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) announced the logistical pathway it has established for the extraction and shipping of high-purity quartz (HPQ) silica sand from the Belmonte deposits in Bahia, Brazil to both domestic and international markets.
Over the past 9 months, Homerun has been diligently executing this logistics plan as part of Phase 2 of its Business Plan Roadmap, in coordination with Companhia Baiana de Pesquisa Mineral (CBPM) under a 40-year lease agreement. The company has focused on forming partnerships to minimize capital expenditures and accelerate the path to cashflow. Negotiations with key partners in the Belmonte region are underway for the extraction and processing of HPQ silica sand, transportation to the Port of Ilhéus, cabotage navigation to the Ports of Vitória and Aratu, and the potential use of a private sea terminal near the sand deposits.
Surface extraction of the silica sand in Belmonte will involve simple methods, with processing such as sieving and washing to achieve high purity levels suitable for the solar glass industry. The sand will then be transported to the Port of Ilhéus for subsequent shipment to customers, or to the Ports of Vitória and Aratu for further processing and international shipping.
Future plans include exploring shared use of private sea terminals in Belmonte to streamline operations and reduce costs. Homerun will release more information on these logistical steps as agreements progress.
Armando Farhate, COO of Homerun, emphasized the importance of partnership in accelerating cashflow from the Santa Maria Eterna deposit and supporting social and environmental initiatives in the Belmonte district. CEO Brian Leeners commended the team for their progress in condensing timelines and integrating vertical strategies for sustainable growth.
Homerun Resources is dedicated to developing business in critical and energy materials sectors with a focus on operational excellence and shareholder value. The company’s commitment to sustainability and innovation positions it as a key player in these industries.
