Business
Homerun Resources Inc. Executes Confidentiality Commitment Document for High-Purity Quartz Silica in Brazil
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2023) - Homerun Resources Inc. (TS...
About this update from Homerun Resources Inc.
[{"type":"text","content":"Homerun Resources Inc. Executes Confidentiality Commitment Document for High-Purity Quartz Silica in BrazilVancouver, British Columbia--(Newsfile Corp. - August 1, 2023) - Homerun Resources Inc. (TSXV: HMR) (\"Homerun\" or the \"Company\") is pleased to announce that the Company has executed a confidentiality commitment document dated July 26, 2023, between Homerun and Companhia Baiana de Pesquisa Mineral (CBPM) with the intent to complete due diligence and to negotiate the proposal terms for Homerun to explore and develop additional HPQ silica resources controlled by CBPM in Belmonte, Bahia, Brazil, near the Port of Ilheus.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4082/175642_e2a262db6464fa5e_001full.jpgThe confidentiality commitment document was signed between the president of CBPM, Henrique Carballal, the technical director of CBPM, Manoel Barretto and Brian Leeners, CEO of Homerun.About CBPMCompanhia 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's 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.High-Purity Quartz (HPQ) Quartz is one of the most abundant minerals and occurs in many different geological settings. However, very few deposits are suitable for HPQ applications. Therefore, HPQ silica sand has become one of today's most sought-after key strategic minerals for applications in high-tech industries, including semiconductors, photovoltaic (PV) cells and solar panels, high temperature lamp tubing, telecommunication & optics, microelectronic...