{"id":1941,"date":"2023-12-12T08:01:18","date_gmt":"2023-12-12T14:01:18","guid":{"rendered":"https:\/\/homerunresources.com\/?p=1941"},"modified":"2024-01-23T18:54:03","modified_gmt":"2024-01-24T00:54:03","slug":"homerun-resources-inc-executes-final-agreement-with-cbpm-for-high-purity-quartz-silica-in-bahia-brazil","status":"publish","type":"post","link":"https:\/\/homerunresources.com\/pt\/homerun-resources-inc-executes-final-agreement-with-cbpm-for-high-purity-quartz-silica-in-bahia-brazil\/","title":{"rendered":"HOMERUN RESOURCES INC.\u00a0EXECUTA ACORDO FINAL COM CBPM PARA S\u00cdLICA DE QUARTZO DE ALTA PUREZA NA BAHIA, BRASIL"},"content":{"rendered":"

Vancouver, BC: Homerun Resources Inc. (\u201cHomerun\u201d ou a \u201cEmpresa\u201d) (TSXV: HMR) (OTCQB: HMRFF) <\/strong>is pleased to announce that on December 11 2023, the Company completed another significant milestone in its Strategic Plan with the execution of the signed Agreement between Homerun Resources and Companhia Baiana de Pesquisa Mineral (\u201cCBPM\u201d and the \u201cCBPM Agreement\u201d) detailing the terms regarding Homerun\u2019s exclusive right to extract high purity silica sand sourced from CBPM\u2019s 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.
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Henrique Carballal, President of CBPM, stated, “Firstly, it is an immense satisfaction to be able to build a partnership with a company like Homerun, which will prospect industrial sand in the municipality of Belmonte and will process this industrial sand, transforming it into pure silica and then into high technology products, such as the cell that will enhance the production of photovoltaic energy in Brazil. This places the state of Bahia in a condition of economic and social development more focused on enhancing green industry, expanding an industrialization policy, associated with our mineral potential, which today is focused on strategic minerals for the energy transition. Therefore, we believe that the partnership between CBPM and the State Government with the company Homerun will be of fundamental importance in the development of other policies aimed at mineral development, focusing on the energy transition for the growth of Bahia in the areas: social, environmental and economic.” (Translated from original Portuguese)<\/em><\/p>\n\n\n\n

Brian Leeners, CEO of Homerun stated, \u201cWe are extremely excited to have exclusive access to this incredibly high-grade HPQ silica sand supply in Bahia, Brazil and equally excited about our growing partnership with CBPM and the State of Bahia, which is the pivotal relationship in the extension of our business plan, from extraction through processing and on to end-use manufacturing. CBPM shares our vision that this amazing resource can be leveraged with environmentally sound development, that will bring long-term economic and social benefit to the people of Bahia.\u201d<\/p>\n\n\n\n

Under the CBPM Agreement, Homerun will pay an extraction royalty of R$50 (US$10.00) per tonne of extracted silica sand. Any of the extracted silica sand sold outside of Brazil will be subject to a further five percent (5%) gross sales royalty in addition to the above extraction royalty. Homerun will make minimum annual royalty payments corresponding to the sale of a minimum annual production of twelve thousand (12,000) tons of processed sand. In addition to the above.<\/p>\n\n\n\n

Homerun has further agreed to implement, jointly with CBPM, a fund for the development of education in the municipalities where Homerun\u2019s operations related to the extraction of the silica sand and the industrial units related to the processing and subsequent end-use manufacturing that takes place. The parties will contribute equally, with CBPM contributing ten percent (10%) and Homerun contributing an additional 10% of the amount of the royalties paid under the CBPM Agreement. The administration of the fund will be exercised by a representative of CBPM and a representative of Homerun, based on bylaws to be prepared jointly by the parties, subject to the relevant laws and regulations of Bahia and Brazil.<\/p>\n\n\n\n

The term of the CBPM Agreement is for an initial twenty-year term, from the date of execution with an additional twenty-year term if the CBPM Agreement is in good standing at the end of the initial term. If the Company transfers the CBPM Agreement to another party, CBPM will receive one percent (1%) of the amount received by the Company for the transfer.<\/p>\n\n\n\n

Homerun will pay R$1,000,000 (US$200,000) to CBPM upon execution of the CBPM Agreement and will pay another R$1,000,000 (US$200,000) payment upon receipt of Brazilian Regulatory Approvals of the Company\u2019s extraction plan. It should be noted historically that extraction activities in the district have received regulatory approval. <\/p>\n\n\n\n

The CBPM Agreement will be subject to the US$1.00 per tonne royalty under the Company\u2019s agreement with Beko Invest Ltd. (\u201cBeko\u201d) which applies to every tonne of silica extracted and sold by the Company or its affiliates in Brazil. Beko has been instrumental in the development and execution of the Company\u2019s silica sand strategy in Brazil to the benefit of the Company\u2019s stakeholders.<\/p>\n\n\n\n

About CBPM<\/strong><\/p>\n\n\n\n

Companhia Baiana de Pesquisa Mineral (CBPM) is the mineral research and development company of the State of Bahia, Brazil. Its activities are centered on expanding and improving geological knowledge of the Bahian territory, by identifying and researching its mineral resources and promoting their use by attracting private initiatives to this end. Founded on December 18, 1972, CBPM is recognized as one of the most dynamic companies in mineral research in Brazil. The collection of geological data and information, generated and disseminated by it has contributed to making the State of Bahia one of the best studied and geologically known Brazilian states, highlighting the great diversity of its geological environments and mineral deposits. CBPM\u2019s stated mission is to promote the development of the mineral sector in the State of Bahia with technical, economic and social efficiency, in harmony with the preservation of the environment.<\/p>\n\n\n\n

Sobre os recursos do Homerun<\/strong> <\/p>\n\n\n\n

A Homerun Resources est\u00e1 focada no desenvolvimento do seu neg\u00f3cio nos setores de materiais cr\u00edticos e energ\u00e9ticos. Com um compromisso constante com a excel\u00eancia operacional, a sustentabilidade e a cria\u00e7\u00e3o de valor para os acionistas, a Homerun Resources Inc. est\u00e1 preparada para causar um impacto duradouro nesses setores.<\/p>\n\n\n\n

Em nome do Conselho de Administra\u00e7\u00e3o da<\/strong> Recursos Homerun Inc.<\/strong><\/p>\n\n\n\n

“Brian Leeners”<\/strong><\/p>\n\n\n\n

Brian Leeners, CEO e Diretor<\/strong><\/p>\n\n\n\n

brianleeners@gmail.com \/ +1 604-862-4184 (WhatsApp)<\/strong><\/p>\n\n\n\n

PARA A ADEQUA\u00c7\u00c3O OU PRECIS\u00c3O DESTE LAN\u00c7AMENTO<\/strong><\/p>\n\n\n\n

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.<\/em><\/p>\n\n\n\n

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Vancouver, B.C.: Homerun Resources Inc. (\u201cHomerun\u201d or the \u201cCompany\u201d) (TSXV: HMR) (OTCQB: HMRFF) is pleased to announce that on December 11 2023, the Company completed another significant milestone in its Strategic Plan with the execution of the signed Agreement between Homerun Resources and Companhia Baiana de Pesquisa Mineral (\u201cCBPM\u201d and the \u201cCBPM Agreement\u201d) detailing the […]<\/p>\n","protected":false},"author":1304,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-1941","post","type-post","status-publish","format-standard","hentry","category-news-release"],"_links":{"self":[{"href":"https:\/\/homerunresources.com\/pt\/wp-json\/wp\/v2\/posts\/1941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/homerunresources.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/homerunresources.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/homerunresources.com\/pt\/wp-json\/wp\/v2\/users\/1304"}],"replies":[{"embeddable":true,"href":"https:\/\/homerunresources.com\/pt\/wp-json\/wp\/v2\/comments?post=1941"}],"version-history":[{"count":6,"href":"https:\/\/homerunresources.com\/pt\/wp-json\/wp\/v2\/posts\/1941\/revisions"}],"predecessor-version":[{"id":1949,"href":"https:\/\/homerunresources.com\/pt\/wp-json\/wp\/v2\/posts\/1941\/revisions\/1949"}],"wp:attachment":[{"href":"https:\/\/homerunresources.com\/pt\/wp-json\/wp\/v2\/media?parent=1941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/homerunresources.com\/pt\/wp-json\/wp\/v2\/categories?post=1941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/homerunresources.com\/pt\/wp-json\/wp\/v2\/tags?post=1941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}