Homerun has entered into a supply agreement with a Brazilian company for its 99.88% average raw HPQ silica sand from its resources in the Bahia Silica Sand District in Brazil.
The supply agreement is backed by a fully permitted operation with an annual allowance of up to 2.5M tonnes. This HPQ silica will be Homerun’s initial supply from the District and will be processed and shipped from port facilities located in Ilheus and / or Salvador, Bahia.
Homerun is working to complete due diligence and to negotiate the proposal terms with Companhia Baiana de Pesquisa Mineral (CBPM) to explore and develop additional HPQ silica resources controlled by CBPM in Belmonte, Bahia, Brazil
* Quartz sand resources in the Santa Maria Eterna Formation in Bahia, Brazil.
* CEO Brian Leeners holding silica sand.
The Vendor has provided extensive third-party testing that verifies and demonstrates that the raw silica sand grade averages +99.8% SiO2 and contains very low levels of impurities. *The Company will initiate further testing on the reduction of residual impurities after standard processing, through a combination of thermal application and acid leaching, to upgrade the current raw silica sand to higher grade HPQ.
*The high purity quartz sand of the Santa Maria Eterna formation is a promising ore resource. It was likely formed by silica precipitation from a marine environment, generating an ore with very low impurities. The resource is remarkably homogeneous and is viable as raw material for silica glass production and has showed adequacy for several applications.
Nearby ports allow for economic storage and shipping to customers in Brazil and around the world.