Asset Overview

The Belmonte silica sand resource in Bahia, Brazil, stands as one of the planet’s most exceptional deposits of high-purity quartz (HPQ) silica. This remarkable geological formation boasts an unparalleled combination of quality, quantity, and accessibility that sets it apart from other global silica sources. The sand’s exceptional purity, with minimal impurities and contaminants, makes it ideal for advanced applications in the energy transition and high-tech industries. Its vast reserves ensure a long-term, sustainable supply to meet the growing global demand for HPQ silica. The strategic location in Bahia, with its well-developed infrastructure and proximity to shipping routes, further enhances the resource’s value. This unique confluence of factors – superior quality, abundant quantity, and logistical advantages – positions the Belmonte silica sand resource as a critical asset in the global supply chain for advanced materials, particularly in the rapidly expanding solar energy and electronics sectors.

On December 11, 2023, Homerun executed an agreement with Companhia Baiana de Pesquisa Mineral (CBPM) detailing the terms regarding Homerun’s exclusive right to extract high purity silica sand sourced from CBPM’s concessions near Santa Maria Eterna, Belmonte, Bahia, Brazil. Companhia Baiana de Pesquisa Mineral is the mineral research and development company of the State of Bahia, Brazil.