Homerun Resources Inc. (TSXV: HMR | OTCQB: HMRFF) has announced the appointment of Leonardo Passos da Cunha to its Board of Directors, subject to acceptance by the TSX Venture Exchange where required. Passos da Cunha brings more than 20 years of executive experience across mining, industrial minerals, chemicals, and mergers and acquisitions. The appointment comes as Homerun advances its integrated silica-processing and downstream materials platform in Bahia, Brazil, and investors may be watching for added strategic momentum.

Key Points

  • Homerun Resources Inc. (TSXV: HMR | OTCQB: HMRFF) announced a new board appointment on November 4, 2026.
  • Leonardo Passos da Cunha, currently leading Strategy and M&A at ABB's Mining and Materials Business, joins the Board of Directors.
  • Passos da Cunha will receive options to acquire up to 500,000 common shares at C$0.75 per share, with a five-year term, subject to applicable approvals.
  • Investors may watch how his industrial-minerals and M&A background supports Homerun's silica, solar glass, and energy-storage strategy in Brazil.

Passos da Cunha's Executive Background and Industry Credentials

Passos da Cunha currently leads Strategy and Mergers & Acquisitions for ABB's Mining and Materials Business and has previously held executive roles at Sibelco, Borealis, Imerys, DuPont, and Braskem. He holds engineering and master's degrees from the University of Campinas and an MBA from Northwestern University's Kellogg School of Management. He also serves on the advisory boards of CICC and Rosetta Omics, is a professor at Toulouse Business School, and is a former board member of Jundu Mineração, providing governance experience directly relevant to Homerun's Brazilian operations.

Strategic Fit With Homerun's Silica Platform in Bahia, Brazil

The release states that the appointment is intended to strengthen Homerun's Board as the company advances its high-purity silica processing, solar glass, thermal energy storage, and advanced-materials initiatives anchored in the Santa Maria Eterna district of Bahia. CEO Brian Leeners noted that Passos da Cunha's experience evaluating growth opportunities, guiding strategic transactions, and building international partnerships is directly relevant to the company's next development stages. Passos da Cunha commented that Homerun has assembled a differentiated position in high-purity silica and expressed support for its downstream value-added strategy.

Stock Option Terms Linked to the Board Appointment

In connection with the appointment, and subject to Board and TSX Venture Exchange approval where required, Passos da Cunha will receive incentive stock options to acquire up to 500,000 common shares at an exercise price of C$0.75 per share. The options carry a five-year term and will be governed by the company's stock option plan and applicable regulatory requirements. The immediate share price impact was not clear from available public information.