Core Insights - Homerun Resources Inc. has signed a binding Letter of Intent (LOI) to acquire additional mineral rights in the Santa Maria Eterna Silica Sand District, enhancing its strategic position in the silica sand market [3][4][5] Acquisition Details - The LOI is with Pedreiras do Brasil S.A., allowing Homerun to secure exploitation rights for a mining tenement of 246.36 hectares, with a measured resource of 32 million tonnes [3][4] - The acquisition involves a total capital outlay of US$2.1 million, significantly lower than the implied value based on a US$150 per tonne transfer price for planned use in the Company's solar glass manufacturing facility [5][6] Strategic Importance - This acquisition marks the third CBPM lease acquisition by Homerun, consolidating control over the Santa Maria Eterna Silica Sand District and providing a competitive advantage through vertical integration and pricing power [5][7] - The total target resource across the three acquisitions now exceeds 200 million tonnes, including a current NI 43-101 mineral resource estimate of 63 million tonnes [5][7] Financial Terms - The transaction will be settled with US$1,200,000 in common shares and US$200,000 in share purchase warrants, subject to regulatory approvals [6][7] Operational Context - The new Pedreiras concession is fully permitted with a low royalty rate of R$30.17 per extracted tonne, enhancing the economic viability of the resource [7]