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Homerun Resources ( (TSE:HMR) ) has shared an update.
Homerun Resources has completed the acquisition of additional mineral rights in the Santa Maria Eterna Silica Sand District in Belmonte, Bahia, Brazil, securing the Pedreiras mining tenement under a lease with Companhia Bahiana de Pesquisa Mineral. This transaction, the third and final lease acquisition in the district, further consolidates the company’s control over the high-purity silica resource, with the fully permitted tenement carrying a relatively low royalty rate per extracted tonne. The deal was settled through the issuance of approximately US$1.2 million in common shares and US$200,000 in one-year share purchase warrants, all approved by the TSX Venture Exchange and subject to a standard four-month hold period and monthly sale limits for the vendor. The acquisition strengthens Homerun’s vertically integrated strategy in silica and clean energy manufacturing and is expected to enhance its positioning in premium solar glass and advanced energy materials markets.
The most recent analyst rating on (TSE:HMR) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.
Spark’s Take on TSE:HMR Stock
According to Spark, TipRanks’ AI Analyst, TSE:HMR is a Neutral.
The score is held back primarily by weak financial performance (minimal revenue, substantial losses, and persistent cash burn). Offsetting factors include a relatively low-leverage balance sheet and a set of positive corporate developments and financings, while technicals and valuation remain mixed/limited due to losses.
To see Spark’s full report on TSE:HMR stock, click here.
More about Homerun Resources
Homerun Resources Inc. is a Vancouver-based company focused on building a silica-powered backbone for the energy transition across four verticals: silica, solar, energy storage, and energy solutions. Leveraging a high-purity, low-iron silica resource in Bahia, Brazil, the company aims to supply premium silica for solar glass and advanced energy materials, develop a large-scale high-efficiency solar glass plant in Latin America, advance silica-based long-duration thermal energy storage systems, and provide AI-enabled energy management and electrification solutions for commercial and industrial customers in the Americas.
Average Trading Volume: 71,621
Technical Sentiment Signal: Hold
Current Market Cap: C$68.26M
Learn more about HMR stock on TipRanks’ Stock Analysis page.