Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced the completion of its acquisition of the 442.7-hectare Fazenda Conjunto São José e Nova Esperança rural land package in the Santa Maria Eterna silica sand district, Belmonte, Bahia, Brazil. The total purchase price was US$1.1 million, comprising a US$500,000 cash component and 864,055 previously issued common shares. The company states that all consideration has been paid in full, marking the execution of what it describes as a key deliverable in its district control strategy. Investors may be watching this transaction as a signal of the company's advancing position in the Brazilian silica sector.

Key Points

  • Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) completed the Fazenda Property acquisition on October 21, 2026
  • The 442.7-hectare land package was acquired for a total purchase price of US$1.1 million, fully paid
  • The acquired area overlaps approximately 59.0% of the Silica Del Pietro claims area and 27.5% of the CBPM/Jundu claims area
  • The completed area supersedes a previously disclosed agreement figure of 582 hectares following final review of registered rural land documentation

Fazenda Property Strengthens Homerun's District-Scale Land Position in Santa Maria Eterna

The Fazenda Property lies adjacent to Fazenda São José, the current target site for Homerun's long-term industrial development in the SME district. The release states that the acquisition provides direct control over a strategically positioned land package intended to support future purification, processing, logistics, infrastructure development, and industrial-scale manufacturing initiatives. The property also includes the transfer of customary Brazilian mineral lease and royalty rights related to third-party mineral exploration activities within the land and surface-rights areas, as described in the original acquisition agreement.

SME District Consolidation: Milestones Since 2023

The announcement outlines a series of milestones Homerun has completed since initiating its Santa Maria Eterna strategy in 2023. These include securing exclusive extraction rights with CBPM, completing mineral lease assignments, receiving ANM approval of a Mineral Resource Estimate confirming 25.56 million tonnes Measured and 38.35 million tonnes Inferred of high-purity silica sand grading greater than 99.6% SiO₂, obtaining a 40-year mining permit, and executing a 99-year surface rights agreement. The release states that +2N Silica sales with Homerun's production partner commenced in less than one year after finalising the full mining permit in November 2025.

Updated Property Area Supersedes Previously Disclosed Figure

Homerun confirmed that the completed acquisition comprises 442.7 hectares, noting that its February 2, 2026 announcement had described the purchase agreement as covering 582 hectares. The company states this updated figure supersedes the previously disclosed area following completion and final review of the registered rural land documentation and mapped property limits. The Fazenda Property now forms part of Homerun's assembled district-scale position alongside its mineral leases, long-term material supply agreements, and registered surface rights in the SME silica sand district.