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Homerun Resources ( (TSE:HMR) ) just unveiled an announcement.
Homerun Resources Inc. has finalized an agreement to acquire the mineral rights for the Guidoni Belmonte District in Bahia, Brazil. This strategic acquisition, permitted for silica sand extraction, comes with a low extraction royalty, enhancing Homerun’s operational capabilities. The agreement has received the necessary consent from Companhia Bahiana de Pesquisa Mineral (CBPM), solidifying Homerun’s position in the mineral resources sector and potentially increasing its market share. The company engaged a qualified consultant to confirm the legal standing of the mineral rights and ensure the viability of this expansion.
More about Homerun Resources
Homerun Resources Inc. operates in the mineral resources industry, specializing in the exploration and extraction of mineral rights, particularly silica. The company focuses on acquiring and developing mineral resources to enhance its market presence.
YTD Price Performance: -12.11%
Average Trading Volume: 40,349
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $47.98M
For an in-depth examination of HMR stock, go to TipRanks’ Stock Analysis page.
