{kanada_flagge}Quartz is one of the most abundant minerals and occurs in many different geological environments. But, and this crucial, only a few deposits are suitable for so-called HPQ (high purity quartz) applications such as semiconductors, solar cells, telecommunications and optics, microelectronics and energy storage. However, these industries are experiencing continued high growth due in part to technological advances, so demand for high purity quartz sand is expected to increase significantly. Canadian Homerun Resources (WKN A3CYRW / TSXV HMR) is betting precisely on this trend and has now reached an important milestone!
{kanada_flagge}Quartz is one of the most abundant minerals and occurs in many different geological environments. But, and this crucial, only a few deposits are suitable for so-called HPQ (high purity quartz) applications such as semiconductors, solar cells, telecommunications and optics, microelectronics and energy storage. However, these industries are experiencing continued high growth due in part to technological advances, so demand for high purity quartz sand is expected to increase significantly. Canadian Homerun Resources (WKN A3CYRW / TSXV HMR) is betting precisely on this trend and has now reached an important milestone!
That’s because, as CEO Brian Leeners’ company announced today, a definitive agreement was reached on July 22 with a Brazilian supplier that finalized details of the delivery of high-purity silica sand from the supplier’s fully permitted project in Bahia, Brazil! According to Homerun, the agreement calls for the purchase price to be $20.00 per ton, with Homerun still to pay applicable taxes and recoverable costs. (These depend on various factors and are yet to be determined).
In any case, this strategic agreement represents a decisive step forward for Homerun and underlines the company’s plans to secure a strong starting position in the critical and energy materials market!
Brian Leeners stated, “I am pleased to introduce this supply agreement, which is a key element in our accelerated path to revenue generation. Our silica sand business strategy includes three fundamental phases: (1) sourcing, (2) efficient logistics and processing, and (3) revenue. We have developed all three phases simultaneously, and we encourage you to continue to stay with us as we relentlessly strive to create exceptional value by achieving significant business milestones for the benefit of our valued shareholders.”
(A short video in which Mr. Leeners explains the Brazil deal is available here: Homerun Resources: Significant Deal in Brazil)
Tested quality
According to Homerun Resources, the Brazilian silica sand supplier has already submitted extensive third-party testing that confirms and shows that the average content of the unprocessed silica sand is more than 99.8% SiO2. In addition, the company adds, it contains extremely low levels of impurities. Homerun will initiate further testing to reduce residual impurities after standard processing through a combination of thermal application and acid leaching to upgrade the supplied silica sand to higher grade HPQ.
The preparation of raw material into refined, high-purity products involves several steps that must be adjusted to minimize the specific impurities of the individual raw quartz feedstock according to the end application. In this way, high-purity quartz with an impurity level of less than 20 ppm per ton can be achieved.
Summary: The outlook for HPQ is extremely promising, according to Homerun Resources (WKN A3CYRW / TSXV HMR). New technologies such as advanced semiconductors, as well as current and future solar technologies and high-performance electronics, will become increasingly dependent on HPQ for manufacturing, the company believes. At the same time, the trend towards renewable energy and energy-efficient technologies is expected to continue, ensuring that demand for HPQ for solar and other clean energy applications will continue to grow. By strategically securing a potential HPQ source now, Homerun is positioning itself to benefit from these future opportunities and hold a strong market position in the years to come.
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According to §34 WpHG we would like to point out that partners, authors and/or employees of GOLDINVEST Consulting GmbH hold or may hold shares of Homerun Resources and therefore a conflict of interest exists or may exist. We also cannot exclude that other stock market letters, media or research firms discuss the stocks we discuss during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between Homerun Resources and GOLDINVEST Consulting GmbH, directly or indirectly, which means that there is also a conflict of interest. Especially since GOLDINVEST Consulting GmbH is remunerated in this case for the reporting on the mentioned company.
