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Homerun Resources Inc. Agreement for Exclusive Evaluation of Spruce Pine Silica Project
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2025) - Homerun Resources Inc. (TSXV: HMR)...
About this update from Homerun Resources Inc.
[{"type":"text","content":"Homerun Resources Inc. Agreement for Exclusive Evaluation of Spruce Pine Silica ProjectVancouver, British Columbia--(Newsfile Corp. - May 8, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (\"Homerun\" or the \"Company\") is pleased to announce that the Company has signed a letter agreement (\"Agreement\") with The Land & Mineral Company of Charlotte, North Carolina (\"LMC\") dated May 7, 2025, for the purpose of allowing HMR the time and access required to evaluate the potential of LMC's Spruce Pine, North Carolina Silica Project (the \"Project\"). This Agreement sets forth the mutual understanding and intent regarding the basic terms and conditions for the Parties to affect the evaluation during the exclusive 90-Day period, including confirmation of sampling and testing work previously completed by consultants of LMC. Upon a successful evaluation, the Parties agree to use their best efforts to achieve a mutually beneficial transaction regarding the development of the Project.Homerun's evaluation will include new sampling and assaying and thermoelectric purification testing at the University of California, Davis. The UC Davis femtosecond laser purification has successfully improved the SiO2 grade of the Company's Belmonte, Bahia raw Silica Sand to 99.999% SiO2, as previously reported, and also the Company's Tatooine, British Columbia, raw quartz silica from 87.76% SiO2 to 96.67% SiO2. The testing on the Tatooine Sample, anticipated that deploying a higher-powered laser system would further augment impurity ablation efficiency, improve thermal energy transfer, and increase the overall rate of material processing compared to the laser configuration used during testing, thereby optimizing the quality and purity of the processed quartz silica.Tatooine Report on Silica Quartz Lump Testing: https://homerunresources.com/wp-content/uploads/2025/05/TatooineProcessingProgressReportOnSilicaQuartzLump.pdfSpruce Pine Silica DistrictThe Project sits 3.2 kilometres from the silica operations of Sibelco and 8.1 kilometres from the silica operations of The Quartz Corp, in the Spruce Pine Silica Mining District. The Spruce Pine district supplies approximately 70-90% of the world's high-purity quartz, a critical material for semiconductor and solar photovoltaic manufacturing. The quartz is processed into fused silica crucibles used ...