Homerun Resources Inc. Advances Phase 2 of Its Three-Phase Purification Platform
Original announcement by tmx on
- Company
- Homerun Resources Inc.
- Ticker
- HMR
- Exchange
- TSX
- Region
- Bahia, Brazil
- Primary commodity
- Silica
- Secondary commodities
- Antimony
- Document categories
- Metallurgy, Other
- Extracted
- 2026-09-12 06:50:22 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Homerun Resources has commissioned Dorfner Anzaplan to perform additional chemical leaching test work on its Santa Maria Eterna (SME) silica deposit in Brazil. This Phase 2 work aims to optimize the purification route for +4N and 5N silica products to minimize OPEX before final CAPEX estimation and process design.
Reasoning: The company is advancing its purification platform by commissioning targeted leaching test work to optimize the Phase 2 process route before committing to CAPEX.
Positive factors
- Commissioning of specialized lab (Anzaplan) for optimization
- Targeting high-value +4N and 5N purity grades
- Strong historical baseline purity (99.694% SiO2)
- Active engagement with finance parties
Negative factors
- Additional testing required before CAPEX estimation
- Process optimization implies previous routes may have been sub-optimal for OPEX
Facts used in scoring: 5
Classification and evidence
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: Phase 3 testing is noted as UC Davis bench testing.
Evidence · text
“Phase 3 (5N, UC Davis bench testing validated, future bolt-on module)”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Metallurgical Results (5)
chemical leachingSanta Maria Eterna · silicaView all detailsHide details
Identity
- Project
- Santa Maria Eterna
- Commodity
- silica
- Region
- brazil
- Reported Region
- Bahia, Brazil
- Ticker
- HMR
Test Work
- Program Status
- optimization
- Test Type
- chemical leaching
- Processing Route
- chemical leaching
- Sample
- SME silica sand samples (historical baseline: 99.694% SiO2)
Lab
- Laboratory
- Dorfner Anzaplan GmbH
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-05-28T00:00:00.000Z
Reasoning: Optimization testing to refine the process route for high-purity silica.
Positive factors
- Targeting high-purity output (+4N and 5N)
Negative factors
- Additional testing required to confirm route
Evidence · text
“commissioned Dorfner Anzaplan GmbH... to perform additional chemical leaching test work on silica sand samples”
Fact 2silicaHead Grade: 99.694Head Grade Unit: % SiO2Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- silica
- Region
- brazil
- Reported Region
- Bahia, Brazil
- Ticker
- HMR
Test Work
- Sample
- SME silica sand (December 2025 results)
Recovery
- Head Grade
- 99.694
- Head Grade Unit
- % SiO2
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-12-11T00:00:00.000Z
Dates
- Event date
- 2026-05-28T00:00:00.000Z
Reasoning: High-quality starting material confirmed in previous metallurgical program.
Positive factors
- Extraordinary baseline quality
Evidence · text
“Starting material purity: 99.694% SiO2 - extraordinary baseline quality”
Fact 3silicaHead Grade: 74Head Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- silica
- Region
- brazil
- Reported Region
- Bahia, Brazil
- Ticker
- HMR
Test Work
- Sample
- SME silica sand (December 2025 results)
Recovery
- Head Grade
- 74
- Head Grade Unit
- ppm
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-12-11T00:00:00.000Z
Dates
- Event date
- 2026-05-28T00:00:00.000Z
Reasoning: Successful impurity reduction in prior test work.
Positive factors
- Significant reduction in total impurities
Evidence · text
“Total impurities reduced to as low as 74 ppm (from 306 ppm raw)”
Fact 4iron_oreHead Grade: 0.89Head Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- iron_ore
- Region
- brazil
- Reported Region
- Bahia, Brazil
- Ticker
- HMR
Test Work
- Sample
- SME silica sand (December 2025 results)
Recovery
- Head Grade
- 0.89
- Head Grade Unit
- ppm
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-12-11T00:00:00.000Z
Dates
- Event date
- 2026-05-28T00:00:00.000Z
Reasoning: Extremely low iron levels achieved via thermal/leaching route.
Positive factors
- Exceeds specifications for Type I optical glass
Evidence · text
“Iron reduced to as low as 0.89 ppm with thermal / leaching route”
Fact 5titaniumHead Grade: 3.8Head Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Commodity
- titanium
- Region
- brazil
- Reported Region
- Bahia, Brazil
- Ticker
- HMR
Test Work
- Sample
- SME silica sand (December 2025 results)
Recovery
- Head Grade
- 3.8
- Head Grade Unit
- ppm
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-12-11T00:00:00.000Z
Dates
- Event date
- 2026-05-28T00:00:00.000Z
Reasoning: Titanium reduction reported in prior program.
Evidence · text
“Titanium reduced to 3.8 ppm with thermal / leaching route”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.