Homerun Resources Announces Preliminary Mineral Resource Estimate for High-Purity Silica Sand in Brazil
Vancouver, British Columbia, February 24, 2025 – Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (“Homerun” or the “Company”), is thrilled to share the preliminary Mineral Resource Estimate (MRE) of its high-purity silica sand project, located in the Belmonte Silica Sand District, Bahia, Brazil. Following the successful completion of a comprehensive auger drilling and sampling program (previously announced on September 24, 2024), Homerun is now in possession of a significant mineral resource.
Resource Estimate Details
The preliminary MRE contains an impressive resource of 25.56 Mt Measured and 38.35 Mt Inferred of high-purity silica sand (>99.6% SiO2). The Measured resource is defined by a minimum of 10 drill holes with an average hole spacing of 50 meters or less, while the Inferred resource is based on a combination of drill hole data and geological knowledge, typically with a spacing of up to 100 meters.
Impact on Homerun and the Market
This substantial resource discovery is a significant milestone for Homerun, as it represents a substantial increase in the Company’s potential production capacity and market value. With this resource, Homerun is well-positioned to meet the growing demand for high-purity silica sand, which is essential for various industries such as glassmaking, semiconductor manufacturing, and solar panel production.
The market for high-purity silica sand is currently experiencing robust growth, driven by the increasing demand for solar panels and semiconductors. According to a recent report by Grand View Research, the global high-purity silica sand market size was valued at USD 3.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 12.5% from 2020 to 2027.
Global Impact
Beyond Homerun’s immediate gains, this resource discovery is poised to have a significant impact on the global market for high-purity silica sand. With the demand for renewable energy and technology continuing to grow, the need for high-purity silica sand is only set to increase. Homerun’s resource in Brazil adds to the global supply of high-purity silica sand, contributing to a more stable and diverse market.
Conclusion
Homerun Resources’ discovery of a substantial high-purity silica sand resource in Brazil marks an exciting development for the Company and the global market. With the growing demand for high-purity silica sand in various industries, Homerun is well-positioned to capitalize on this trend and contribute to a more stable and diverse global market. The preliminary MRE is just the beginning, and Homerun looks forward to continuing to explore and develop its Belmonte Silica Sand District project.
- Homerun Resources announces preliminary MRE of 25.56 Mt Measured and 38.35 Mt Inferred of high-purity silica sand (>99.6% SiO2)
- Resource discovery positions Homerun to meet growing demand for high-purity silica sand
- Global high-purity silica sand market expected to grow at a CAGR of 12.5% from 2020 to 2027
- Resource discovery contributes to a more stable and diverse global market
