Homerun Resources Inc.
Building an Integrated Materials Business in Solar and Energy Storage
Published: 4/24/2025
Author: FRC Analysts
Sector: Basic Materials | Industry: Silica/Solar/Energy Storage
Ticker Symbols:HMR.V - TSX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.98 |
| Fair Value | CAD $2.54 |
| Risk | 5 |
| 52 Week Range | CAD $0.46-2.68 |
| Shares O/S (M) | 64 |
| Market Cap. (M) | CAD $62 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | N/A |
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Report Highlights
- HMR aims to establish a fully integrated High Purity Quartz (HPQ) industrial vertical, overseeing the entire process from raw material extraction to final products in solar and energy storage solutions. HPQ silica is known for its exceptional thermal stability, chemical inertness, and high transparency, making it essential for a wide range of high-tech and renewable energy applications. China, known for being a net exporter of several critical minerals and metals, is a net importer of HPQ.
- HMR has secured multiple land packages in Brazil that could potentially serve as long-term sources of high-grade silica. Last month, the company announced a maiden open-pittable resource totaling 63.91 Mt at 99.67% SiO₂ at one of its several targets.
- Although the company has a near-term revenue path through raw silica sand sales, management is evaluating the feasibility of a 120K tpa processing plant to produce higher-margin, processed HPQ silica.
- The company is also exploring various end-use applications for its high-grade silica, with a focus on building a solar glass manufacturing facility in Brazil. Brazil relies heavily on i
