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The latest announcement is out from Homerun Resources ( (TSE:HMR) ).
Homerun Resources has secured a full mining permit from Brazil’s National Mining Agency for its Belmonte, Bahia silica sand project and has executed a definitive 40-year lease agreement with state-owned CBPM covering four mineral rights areas. The permit and finalized lease give Homerun three fully permitted leases in Bahia, enabling it to advance production and sales of high-purity silica sand and underpinning its strategy to develop advanced purification, solar glass manufacturing and related clean-energy materials, strengthening its operational readiness and positioning in the high-purity silica and solar glass supply chain.
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. Anchored by a high-purity, low-iron silica resource in Bahia, Brazil, the company aims to transform raw silica into premium solar glass, advanced energy materials, long-duration thermal storage systems and AI-enabled energy management solutions for commercial and industrial customers in the Americas.
Average Trading Volume: 70,149
Technical Sentiment Signal: Hold
Current Market Cap: C$68.26M
For a thorough assessment of HMR stock, go to TipRanks’ Stock Analysis page.