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Homerun Resources (TSE:HMR)
:HMR

Homerun Resources (HMR) AI Stock Analysis

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TSE:HMR

Homerun Resources

(HMR)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
C$0.89
▼(-12.28% Downside)
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.
Positive Factors
Low leverage / positive equity
A near-zero debt load and positive TTM equity provide durable solvency buffer and financing optionality. For an early-stage miner, this reduces short-term default risk, supports ongoing project work, and improves ability to raise growth capital without immediate balance-sheet distress.
Progress on commercialization partnerships
A formal agreement with a national lab and IP/commercialization steps indicate structural progress from exploration toward product qualification. This raises the probability of future off-take or licensing revenues and anchors longer-term commercial pathways beyond spot mineral sales.
Product exposed to secular solar demand
Silica sand validated for antimony-free solar glass targets growing, long-term demand from decarbonization and solar manufacturing. Structural end-market growth could support sustained pricing and multi-year contracts if product specs and volumes meet industrial thresholds.
Negative Factors
Minimal revenue and deep losses
The company generates negligible revenue while reporting substantial operating losses, showing the business is not yet economically sustainable. Persistent negative margins mean large scale-up and structural operating improvements are required before self-funded growth is feasible.
Persistent cash burn
Materially negative operating and free cash flows imply the company depends on external financing to fund operations. Continued cash burn increases dilution and execution pressure; until cash generation flips positive, financing risk and funding-related delays remain structural constraints.
Early-stage execution and capitalization risk
Past negative equity and weak capitalization evidence intermittent funding strains and execution risk. With a very small operating base, the firm must execute exploration, qualification and commercialization steps reliably; failure or slower progress would require additional capital and raise dilution risk.

Homerun Resources (HMR) vs. iShares MSCI Canada ETF (EWC)

Homerun Resources Business Overview & Revenue Model

Company DescriptionHomerun Resources Inc. engages in the exploration and development of mineral properties in Canada and Brazil. The company extracts and processes silica sand deposits. It has an option to acquire a 100% interest in the Tatooine Silica project that covers an area of approximately 3,958 hectares located in Brisco, British Columbia; and the Belmonte silica concession covering an area of approximately 69.4 hectares located in Belmonte, Bahia. The company was formerly known as EnviroTek Remediation Inc. and changed its name to Homerun Resources Inc. in August 2021. Homerun Resources Inc. was incorporated in 1980 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyHomerun Resources makes money primarily through the exploration and development of mineral projects, which involves identifying and evaluating mineral deposits that can be economically viable for extraction. Revenue is generated through the sale of mineral rights, partnerships with other mining companies, and potential production activities. Additionally, HMR may engage in joint ventures or strategic alliances to share risks and enhance project development capabilities. The company's earnings are influenced by market demand for specific minerals, successful project advancements, and effective cost management.

Homerun Resources Financial Statement Overview

Summary
Financials reflect an early-stage profile: revenue remains minimal with deeply negative profitability and margins, and operating/free cash flow are materially negative (ongoing cash burn). The key offset is a cleaner balance sheet with positive equity and effectively no debt, which reduces near-term solvency risk but has not translated into sustainable operations.
Income Statement
12
Very Negative
TTM (Trailing-Twelve-Months) revenue is still minimal (about 37.7K) and profitability is deeply negative, with a large gross loss and heavy operating losses (EBIT and EBITDA well below zero). Net losses are substantial and margins are meaningfully negative, indicating the company is not yet operating at a sustainable scale. While revenue shows a jump versus the prior period off a very small base, the income statement remains dominated by losses and cost structure pressure.
Balance Sheet
55
Neutral
The balance sheet shows improving financial footing: stockholders’ equity is positive in the latest periods (TTM equity ~3.0M vs. 2024 ~2.3M), and total debt is effectively zero in TTM (low leverage reduces financial risk). However, historical periods included negative equity and weaker capitalization, and current returns on equity remain sharply negative due to ongoing losses—highlighting that balance-sheet strength is not yet translating into profitability.
Cash Flow
18
Very Negative
Cash generation remains weak, with TTM (Trailing-Twelve-Months) operating cash flow and free cash flow both materially negative, implying continued cash burn to fund operations. Free cash flow improved versus the prior period (growth is positive), but it is still firmly negative, and cash outflows remain broadly in line with net losses—suggesting the business likely depends on external funding until operations stabilize.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue37.68K0.000.000.000.000.00
Gross Profit-1.61M0.000.000.000.000.00
EBITDA-5.51M-3.90M-1.54M-1.00M-814.70K0.00
Net Income-5.04M-3.90M-1.58M-1.24M-717.19K2.28M
Balance Sheet
Total Assets4.66M2.78M587.06K158.02K248.27K46.80K
Cash, Cash Equivalents and Short-Term Investments707.85K1.71M18.63K489.0099.55K27.86K
Total Debt0.0087.71K94.74K69.75K83.38K168.77K
Total Liabilities1.70M464.66K919.91K1.12M1.02M1.55M
Stockholders Equity2.96M2.32M-332.85K-963.65K-776.51K-1.50M
Cash Flow
Free Cash Flow-4.47M-2.83M-1.92M-905.29K-384.99K-115.54K
Operating Cash Flow-4.27M-2.76M-1.63M-880.82K-338.59K-105.54K
Investing Cash Flow12.25K-72.30K-286.40K-24.47K-46.40K-10.00K
Financing Cash Flow4.52M4.60M1.95M806.24K456.68K143.29K

Homerun Resources Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.01
Price Trends
50DMA
0.99
Positive
100DMA
0.95
Positive
200DMA
0.98
Positive
Market Momentum
MACD
<0.01
Negative
RSI
58.25
Neutral
STOCH
88.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HMR, the sentiment is Positive. The current price of 1.01 is above the 20-day moving average (MA) of 0.92, above the 50-day MA of 0.99, and above the 200-day MA of 0.98, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.25 is Neutral, neither overbought nor oversold. The STOCH value of 88.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HMR.

Homerun Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
58
Neutral
C$78.11M-24.67-12.97%33.77%
54
Neutral
C$112.99M-101.39-8.75%
49
Neutral
C$74.49M-12.59-300.84%-7.00%
49
Neutral
C$78.76M-14.84-42.27%28.32%
43
Neutral
C$67.78M-4.11-43.89%
39
Underperform
C$67.97M-23.8522.62%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:HMR
Homerun Resources
1.02
-0.01
-0.97%
TSE:ROS
RosCan Gold
0.16
0.10
158.33%
TSE:GPAC
Great Pacific Gold
0.45
-0.05
-11.00%
TSE:AMQ
Abitibi Metals
0.73
0.45
165.45%
TSE:ARIC
Awale Resources Limited
0.75
0.27
56.25%
TSE:LVX
Leviathan Gold
0.80
0.75
1500.00%

Homerun Resources Corporate Events

Business Operations and StrategyProduct-Related Announcements
Homerun Energy Hits Durability Milestone in Large-Area Perovskite Solar Modules
Positive
Jan 27, 2026

Homerun Resources, via its 100%-owned subsidiary Homerun Energy, reported a significant advance in perovskite photovoltaic technology with the publication of peer-reviewed research in Nature Energy demonstrating large-area perovskite solar modules that retain more than 95% of their initial efficiency after over 5,000 hours of continuous 1-sun light exposure. The breakthrough in co-crystal engineering of two-dimensional perovskite phases directly addresses a key industry challenge around long-term operational stability while maintaining high performance, bolstering the commercial bankability of perovskite PV and supporting Homerun’s roadmap toward high-throughput manufacturing and industrial deployment in lightweight, high-performance solar applications across buildings and energy systems.

The most recent analyst rating on (TSE:HMR) stock is a Hold with a C$0.89 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Homerun Resources Details Sorbie Financing Settlements and Inks C$202,000 Media Deal
Positive
Jan 21, 2026

Homerun Resources Inc. has disclosed the first two monthly settlements under its previously announced C$6 million financing arrangement with Sorbie Bornholm LP, generating gross proceeds of approximately C$206,785 in December 2025 and C$223,645 in January 2026. Each settlement involved the release of 269,167 shares from escrow and the issuance of hundreds of thousands of warrants with exercise prices above the current effective share prices and expiries in 2028 and 2029, strengthening Homerun’s capital position as it advances its clean energy manufacturing strategy. The company has also entered into a 12‑month, C$202,000 media services contract with Market One Media Group Inc. to deliver tailored marketing, broadcast, editorial and online video content, a move aimed at boosting market visibility and investor outreach without issuing additional securities or diluting existing shareholders.

The most recent analyst rating on (TSE:HMR) stock is a Hold with a C$0.86 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Homerun Resources Moves Forward on Latin America’s First Solar Glass Plant with SORG Deal
Positive
Jan 21, 2026

Homerun Resources has signed a Letter of Intent with Germany’s Nikolaus Sorg GmbH & Co. KG to act as technology provider and equipment supplier for a 1,000-tonne-per-day antimony-free solar glass manufacturing plant in Santa Maria Eterna, Bahia, Brazil, which is expected to be Latin America’s first dedicated solar glass facility. The project will use state-of-the-art Western glass technologies, including electric boosting to improve energy efficiency and reduce carbon footprint, and is contingent on a successful bankable feasibility study and project financing, with Homerun and SORG targeting German export credit-backed funding for the technology package and complementary Brazilian development bank support for local project components, underscoring a significant step in Homerun’s industrial build-out and positioning in the regional solar supply chain.

The most recent analyst rating on (TSE:HMR) stock is a Hold with a C$0.86 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Homerun Resources Closes $3.1 Million TSXV-Approved Private Placement
Positive
Jan 9, 2026

Homerun Resources has received final approval from the TSX Venture Exchange and closed a private placement financing totaling approximately $3.13 million, issuing 3,128,384 units at $1.00 each, with each unit comprising one common share and a warrant exercisable at CA$1.30 for 24 months. The proceeds will be used to fund project payments, advance development of the company’s silica, solar, energy storage and energy solutions projects, and provide general working capital, with the financing structure and associated finder’s fees reinforcing the company’s capital position as it pursues its clean energy manufacturing ambitions in the Americas.

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.

Business Operations and Strategy
Homerun Resources Secures Full Mining Permit and 40-Year Lease for Brazilian Silica Assets
Positive
Jan 8, 2026

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.

Business Operations and StrategyM&A Transactions
Homerun Resources Finalizes Third Lease to Consolidate Key Silica Assets in Bahia
Positive
Jan 6, 2026

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.

Business Operations and StrategyPrivate Placements and Financing
Homerun Energy Named EU Key Innovator as Homerun Resources Closes $3.1 Million Financing
Positive
Dec 18, 2025

Homerun Resources’ subsidiary Homerun Energy SRL has been recognized by the European Commission’s Innovation Radar as a Key Innovator for its role in developing NIR-optimized flexible CIGS solar modules for a propellant-less solar propulsion system within the EU-funded E.T.COMPACT project, which has been assessed as business-ready with high market-creation potential. The acknowledgment underscores Homerun Energy’s growing profile in advanced clean energy and space-related photovoltaic technologies, while the company also strengthened its financial position by closing a TSX Venture Exchange-approved private placement of approximately $3.1 million, proceeds of which will support project payments, ongoing development and general working capital needs.

The most recent analyst rating on (TSE:HMR) stock is a Buy with a C$2.54 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Homerun Confirms High-Quality Silica Sand for Antimony-Free Solar Glass Production
Positive
Dec 17, 2025

Homerun Resources Inc. announced the confirmation of positive test results by Minerali Industriali Engineering on Santa Maria Eterna silica sand, validating its suitability for antimony-free solar glass manufacturing. These findings demonstrate the material’s high purity and minimal processing requirements, giving the company a competitive edge in the production of eco-friendly solar glass and advancing its efforts toward sustainability and energy transition, while supporting the bankable feasibility study and expanding its market position.

The most recent analyst rating on (TSE:HMR) stock is a Buy with a C$2.54 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Homerun Resources Confirms High-Value Applications for Silica Sand Project
Positive
Dec 10, 2025

Homerun Resources Inc. announced successful results from metallurgical testing of its Santa Maria Eterna silica sand project, confirming the deposit’s suitability for multiple high-value industrial applications. The testing, conducted by Dorfner Anzaplan, validated several non-hydrofluoric acid purification processes, achieving exceptionally low impurity levels. This positions Homerun to meet the growing demand for high-purity silica in renewable energy and electrification markets, offering a competitive advantage due to its superior environmental footprint and high-quality raw material.

The most recent analyst rating on (TSE:HMR) stock is a Buy with a C$2.54 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Homerun Resources Appoints Jiri Skopek to Drive Energy Storage Commercialization
Positive
Dec 2, 2025

Homerun Resources, Inc. has appointed Jiri Skopek as Corporate Development Advisor to aid in the commercialization of its Enduring Long Duration Energy Storage System (LDES) integrated with its AI Energy Management System (EMS). This strategic move follows an Intellectual Property Agreement with the National Renewable Energy Laboratory and aims to enhance the company’s positioning in the clean energy sector. The integration of AI into their systems is expected to optimize energy efficiency and enable advanced services like energy trading, aligning with global trends towards sustainable energy solutions.

The most recent analyst rating on (TSE:HMR) stock is a Buy with a C$2.54 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Homerun Resources Secures Key IP Agreement with NREL for Advanced Energy Storage
Positive
Dec 2, 2025

Homerun Resources Inc. has signed a global Intellectual Property Agreement with the Alliance for Sustainable Energy, related to particle-based thermal energy storage systems developed by the National Renewable Energy Laboratory. This agreement marks a significant step in Homerun’s commercialization strategy, integrating their AI Energy Management System with NREL’s technology, and filing a new patent application for a thermal energy storage system that incorporates silica sand purification. This development positions Homerun at the forefront of the energy storage industry, potentially impacting stakeholders by advancing long-duration energy storage solutions and contributing to a global electrification revolution.

The most recent analyst rating on (TSE:HMR) stock is a Buy with a C$2.54 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Homerun Resources Advances Solar Glass Initiative with New Testing Partnership
Positive
Nov 18, 2025

Homerun Resources Inc. has engaged Minerali Industriali Engineering to conduct testing on silica sand from Santa Maria Eterna, Brazil, for use in antimony-free solar glass production. This initiative is part of Homerun’s Bankable Feasibility Study, aiming to establish the first solar glass manufacturing plant in Latin America. The collaboration with MIE is expected to enhance Homerun’s position in the clean energy sector by ensuring the quality and applicability of its silica resources for advanced solar technologies.

The most recent analyst rating on (TSE:HMR) stock is a Buy with a C$2.54 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Homerun Resources Advances Solar Glass Project with Feasibility Study
Positive
Nov 14, 2025

Homerun Resources Inc. has engaged DTEC PMP GmbH to conduct a Bankable Feasibility Study (BFS) for its antimony-free solar glass manufacturing project in Brazil. This study is a crucial step in Homerun’s strategy to establish Latin America’s first dedicated solar glass facility, aligning with their timeline for commercialization by Q1 2026. The BFS will evaluate the project’s technical and economic aspects, helping secure financing and initiate construction. This development is expected to validate the project’s economic and ESG benefits, enhancing Homerun’s position in the clean energy market.

The most recent analyst rating on (TSE:HMR) stock is a Buy with a C$2.54 price target. To see the full list of analyst forecasts on Homerun Resources stock, see the TSE:HMR Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 30, 2025