HOMERUN RESOURCES INC. ANNOUNCES FULL MINING PERMIT AND FINALIZATION OF THE DEFINITIVE LEASE AGREEMENT WITH CBPM

Homerun Resources Inc. has achieved a critical regulatory milestone with the issuance of Mining Permit #743 by Brazil's National Mining Agency (ANM) on November 7, 2025. The permit covers area 870.011/1989 in the municipality of Belmonte and was granted in conjunction with a definitive lease agreement with Companhia Bahiana de Produção Mineral (CBPM), a state-owned mining company.

This development represents a significant advancement for Homerun's Brazilian operations, providing the company with the legal framework necessary to proceed with mining activities. The partnership with CBPM, which is the state mining company for Bahia, adds credibility and local expertise to the project. The timing of this permit issuance positions Homerun to potentially capitalize on favorable market conditions in 2025.

The completion of both the mining permit and the definitive lease agreement removes key regulatory uncertainties that have likely been overhanging the project. For investors and industry observers, this announcement signals that Homerun has successfully navigated Brazil's mining regulatory framework, which can be complex for foreign companies. The formal partnership structure with a state entity may also provide additional operational advantages and local knowledge that could prove valuable as the project advances toward production phases.