Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to inform that Brazil’s National Mining Agency (ANM) has issued on November 7th, 2025, the Mining Permit # 743, for the area 870.0111989, granted under the lease agreement with Companhia Bahiana de Produção Mineral (CBPM) in the municipality of Belmonte, Bahia, Brazil.

The issuing of the Mining Permit triggered the final payment and execution between Homerun and CBPM, of the Definitive Lease Agreement number 026/2025, dated December 23^rd, 2025, confirming the execution of the agreement number 041/2023, signed in December 2023 (see press release), covering four mineral rights: 871.011/1989, 871.375/1989, 873.385/2007 and 870.141/2014. The final payment of R$ 1,000,000 has then been released to CBPM.

The announced mining permit pertains to the area in which Homerun announced a 43-101 compliant technical report on April, 29th 2025 containing a preliminary resource of 25.56 Mt Measured and 38.35Mt Inferred of high-purity silica sand (>99.6% SiO2). The MRE development initiative was part of Homerun’s commitment under its partnership with Companhia Baiana de Pesquisa Mineral (CBPM), within the scope of the 40-year lease agreement between the Parties.

‘Completion of this final definitive agreement gives Homerun three fully permitted leases in partnership with CBPM and the State of Bahia and aligns with our original stated plans to leverage Homerun into the direct control of significant resources in the SME Silica Sand District.’ stated Brian Leeners, CEO of Homerun. ‘This milestone positions Homerun with operational-ready, permitted assets to support high-purity silica sand sales and the development of advanced purification processing and the development of advanced materials like solar glass for the energy and technology sectors.‘

About Homerun (www.homerunresources.com / www.homerunenergy.com)

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.

• Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.

• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.

• ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279801

(TheNewswire)

Vancouver, Canada, January 8, 2026 TheNewswire – Spartan Metals Corp. (‘Spartan’ or the ‘Company’) (TSX-V: W | OTCQB: SPRMF | FSE: J03) is pleased to provide a summary of its key 2025 accomplishments and a review of its 2026 exploration strategy at its 100% owned Eagle Tungsten-Silver-Rubidium project (‘Eagle’) in eastern Nevada.

2025 Highlights:

• Began trading on the TSX Venture exchange under the symbol ‘W’ on August 5th 

• Expanded our capital market reach globally though listing on the OTCQB (‘SPRMF’) and on Frankfurt Exchange (‘J03’). 

Key Exploration Successes:

2026 Catalysts:

Spartan begins 2026 with a clear strategy to build on the strong performance of 2025 and advance exploration at the Eagle Project.

• Conduct a high-value targeted drill campaign on priority targets identified from the compilation of the 2025 surface mapping and sampling program, 

• Publish metallurgical results from the tailings at Tungstonia to help better understand the economic potential in the readily accessible tailings and waste rock and, 

• Seek non-dilutive financing to support our growth plans. At present the need for domestic critical minerals in the U.S. is a top priority for the federal government and funding in this sector has been made available to meet the government’s critical minerals onshoring objectives 

Brett Marsh, Spartan’s President and CEO, states, ‘Spartan had a strong and successful year, especially considering that our exploration programs began late in 2025. Spartan now has a total of six high-quality exploration targets at Eagle: four at the Tungstonia deposit that include two extensive high-grade tungsten, silver and rubidium vein sets, one large silver-rich CRD and one potential bulk tonnage tungsten-rubidium target, while at our Rees deposit, we have two targets including the past producing Rees tungsten mine and the past producing Antelope silver-copper-antimony mine. I am very optimistic about our ability to deliver meaningful results into 2026′

Investor Relations Agreement

As of January 9, 2026, subject to the approval of the TSX Venture Exchange, the Company has engaged Plutus Invest & Consulting GmbH (‘Plutus’), to provide investor programs (‘the Program’) to increase awareness about the Company in Europe for a 12-month term. The Program includes strategic planning, content creation, ad placement, media buying, and execution. The Company agrees to pay Plutus between Euro 100,000 to 250,000 immediately for entirety of the Program. Plutus is arm’s length to Spartan and currently has no interest in the Company. Marco Messina is a Managing Director of Plutus and will be responsible for all activities related to the Company.

The technical information contained in this news release has been prepared under the supervision of, and approved by Brett R. Marsh, CPG. Mr. Marsh is President and CEO of Spartan Metals Corp. and a ‘qualified person’ as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Spartan Metals Corp.

Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.

Spartan’s flagship project is the Eagle Project in eastern Nevada that consists of one of the highest-grade historic tungsten resources in the USA (the past-producing Tungstonia Mine) along with significant under-defined resources consisting of: rubidium; antimony; bismuth; indium; as well as precious and base metals. More information about Spartan Metals can be found at www.SpartanMetals.com  

On behalf of the Board of Spartan

‘Brett Marsh’

President, CEO & Director

Further Information:

Brett Marsh, M.Sc., MBA, CPG

President, CEO & Director

1-888-535-0325

info@spartanmetals.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release

Forward Looking Statements

This news release contains statements that constitute ‘forward-looking statements.’ Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects,’ ‘plans,’ ‘anticipates,’ ‘believes,’ ‘intends,’ ‘estimates,’ ‘projects,’ ‘potential’ and similar expressions, or that events or conditions ‘will,’ ‘would,’ ‘may,’ ‘could’ or ‘should’ occur. Forward-Looking Information in this news release, Spartan has applied several material assumptions, including, but not limited to, assumptions that: the current objectives concerning the Company’s projects can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies; competition; the ability of the Company to obtain and retain all applicable regulatory and other approvals and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Copyright (c) 2026 TheNewswire – All rights reserved.

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; ‘BRW’ or the ‘Company’) is very pleased to announce a maiden, open-pit Mineral Inferred Resource Estimate (‘MRE’) of 52.2 million tonnes (‘Mt’) grading 1.08% Li2O and 131ppm Ta2O5 for its wholly owned Mirage Project located in the Eeyou Istchee Baie-James region of Quebec, Canada (see Figure 1). The MRE was prepared in accordance with the National Instrument (‘NI’) 43-101 standards by PLR Resource Inc. and Synectiq Inc.

Highlights include:

• Inferred resource of 52.2Mt at 1.08% Li2O and 131ppm Ta2O5 (see Table 1) at a cut-off grade of 0.5% Li2OEq for total contained lithia in excess of 550,000 tonnes. This places Mirage among the largest undeveloped hard rock lithium resources in the Americas.
• Additional Exploration Target of 40Mt to 50Mt grading between 0.80% and 1.10% Li2O and 120ppm and 145ppm Ta2O5 indicating a significant opportunity for continued near-term growth at Mirage. The potential quantity and grade are conceptual in nature. There has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource.
• The maiden resource and Exploration Target are confined to a core area measuring approximately 1.5 by 3.0 kilometers. Substantial exploration potential exists both across this area, as seen in the Exploration Target, and further along strike, throughout the rest of the property where lithium mineralization is observed up to 3.5km from the MRE area.
• Over 70% of the MRE is contained within five dykes found above a vertical depth of 150 meters from surface, all of which remain open in several directions.
• Metallurgical testwork demonstrates the potential for a dense media separation (‘DMS‘) only processing flowsheet, producing a high-quality concentrate.
• The maiden MRE and Exploration Target were estimated after only 23,626 meters of drilling and 62 channel samples, significantly less than its peer group and similar projects.

Mr. Killian Charles, President and CEO of BRW, commented: ‘The release of this Inferred Mineral Resource Estimate for Mirage cements Brunswick Exploration as one of the most aggressive lithium exploration companies globally. Over the last 30 months, we have made multiple significant discoveries across Quebec and built a new International Portfolio in under-explored jurisdictions such as Greenland and now Saudi Arabia. As we begin a new year, we strongly believe the next 12 months will be very exciting for the company as we execute our unique strategy that is focused on global grassroot lithium exploration and development.’

Mr. Charles continued: ‘With an Inferred tonnage of 52.2Mt grading 1.08% Li2O, Mirage is already one of the largest undeveloped hard rock lithium resources across the Americas and, with the Exploration Target, is poised to continue organic and near-term growth over the coming quarters and years. Importantly, the majority of the resource is near surface and largely contained within five main dykes which we believe will be very beneficial in future economic studies. This MRE further underscores the distinctive status of the Eeyou Istchee Baie-James region for lithium endowment and, between Mirage and our burgeoning Anatacau discovery where drilling will begin in the coming weeks, Brunswick Exploration is well positioned to benefit from future development as this region transforms into a lithium powerhouse.’

Figure 1: Mirage Project Location

Table 1: Mirage Project Deposit In-pit Mineral Resource Estimate

1. The independent qualified persons for the MRE, as defined by National Instrument (‘NI’) 43-101 guidelines, is Pierre Luc Richard, P.Geo., of PLR Resources Inc., with contributions from Patrick Frenette, P.Eng., of Synectiq Inc. for cut-off grade estimation and open pit optimization.
2. These Mineral Resources are not mineral reserves as they have no demonstrated economic viability. No economic evaluation of these Mineral Resources has been produced. The quantity and grade of reported Inferred Resources in this MRE are uncertain in nature and there has been insufficient drilling to define these Inferred Resources as Indicated. However, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated category with continued drilling.
3. The Qualified Persons are not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issues that could materially affect the Mineral Resource Estimate.
4. Calculations used metric units (metres, tonnes). Metal contents in the above table are presented in percentages, part per million (gram per tonne) and tonnes. Metric tonnage was rounded, and any discrepancies in total amounts are due to rounding errors.
5. CIM definitions and guidelines for Mineral Resource Estimates have been followed.
6. Resources are presented as undiluted and in situ for the open-pit scenario within 5m x 5m x 5m blocks. The constraining pit shell was developed using overall pit slopes of 53 degrees. The pit optimization to develop the mineral resource-constraining pit shell was done using the pseudoflow algorithm in Deswik software (see Figure 2).
7. The MRE wireframe was prepared using Leapfrog Edge v.2025.1.1 and is based on 132 drill holes and four trenches, totalling 23,626 meters and 8,288 assays. The cut-off date for the drill hole database was December 9, 2025.
8. Composites of one metre were created inside the mineralization domains. High-grade capping was done on the composited assay data. Depending on individual statistical study for each zone, composites were capped between 1.50% Li2O and 4.50% Li2O and between 200ppm Ta2O5 and 900ppm Ta2O5.
9. Pit constrained Mineral Resource for the base case is reported at a cut-off grade of 0.50% Li2OEq. The cut-off grades may be re-evaluated in the future based on prevailing market conditions and costs. A ratio Ta2O5 to Li2O of 0.00008658 (based on selling price, recoveries and other variables) was used to obtain the Li2OEq grade used in the cut-off.
10. Specific gravity values were estimated using data available in the drill hole database. Density values where interpolated when data was sufficient to do so, and completed with fixed values. Density values between 2.57 g/cm3 and 2.90 g/cm3 were applied to the model for different domains and 2.00 g/cm3 for overburden.
11. Grade model resource estimation was calculated from drill hole data using an Ordinary Kriging interpolation method in a sub-blocked model using blocks measuring 5m x 5m x 5m in size and sub-blocks down to 0.625m x 0.625m x 0.625m. Ordinary kriging (OK), inverse square distance (ID2), Nearest neighbour (NN) interpolation methods were tested, resulting in no material difference in the Mineral Resource Estimates.
12. The Inferred Mineral Resource categories are constrained to areas where drill spacing is less than 150 metres and show reasonable geological and grade continuity. Cookie cutters were used to define categories based on the above parameters.
13. Effective date of the Mineral Resource Estimate is 7 January 2026.

Figure 2: 3D View of the Resource Estimate (Looking North)

Figure 3: Cross-Section A-A’

Pit Shell Overview

The optimal MRE shell for the ‘Reasonable Prospect of Eventual Economic Extraction’ was obtained with Deswik software which used the Pseudoflow algorithm with parameters presented in Table 2.

Table 2: Resource Pit Shell Parameters

These parameters were benchmarked against recent similar projects but are conceptual in nature and may change once more engineering work is undertaken.

Exploration Target

The Exploration Target is estimated to be between 40 and 50 million tonnes of mineralization grading between 0.80% and 1.10% Li2O and between 120ppm and 145ppm Ta2O5 and is largely constrained to the same MRE pit shell area.

The assessment of the target for further exploration was completed by PLR Resources, a consultant independent of the company. The estimation of the potential quantity and grade of the Exploration Target was based on the same drill hole database used for the Mineral Resource Estimate. With the available drilling information, conceptual mineralized zones were modeled. Core samples were composited, and the composited assays were capped (similarly to the MRE).

Grades were interpolated into a three-dimensional block model using Ordinary Kriging. To estimate the tonnage, PLR used the same specific gravity values used for the MRE.

Figure 4: 3D View of the Exploration Target (Looking North)

Disclosure warnings in respect to an exploration target review:

1. An exploration target is not a National Instrument 43-101 compliant resource or reserve.
2. The Exploration Target is confirmed only as a target for further exploration.
3. Potential quantity and grades are conceptual in nature only.
4. There has not been sufficient drilling to define any mineral resource on this Exploration Target; drilling intercepts crosscut the Exploration Target but drill spacing is too scarce to classify these blocks as Inferred Mineral Resources. There is no certainty that further drilling will result in the target being delineated as a mineral resource.
5. An optimized pit shell using the same parameters (including the cut-off grade) used for the Mineral Resource Estimate was generated to constrain the Exploration Target.

About the Mirage Project

The Mirage Project is the flagship lithium exploration asset of Brunswick Exploration Inc., located in the Eeyou Istchee–James Bay region of Quebec less than 40 kilometers from the Trans-Taiga road. The project covers a total of 278 mining claims representing approximately 13,800 hectares within a well-established hard-rock lithium district and is fully owned by Brunswick Exploration.

Systematic drilling at Mirage has outlined multiple spodumene-bearing pegmatite dykes predominantly hosted in mafic volcanic country rock. The dykes are found to have been folded during subsequent deformation events and demonstrate strong lateral and down dip continuity, with mineralization remaining open in multiple directions. Most of the mineralization is hosted at shallow depths, supporting the project’s potential for near-term growth.

Metallurgical test work has delivered encouraging results, including the potential for a dense media separation only processing flowsheet, highlighting Mirage’s favorable mineralogy and potential for cost-effective lithium concentrate production (see press release of February 3, 2025).

Figure 5: Project Potential and Open Pit Shell Footprint

Next Steps

Brunswick Exploration is currently planning its next drill campaign at Mirage that will focus on continued exploration efforts to demonstrate the full potential of the project in the core area and across the length of the project. To date, limited drilling has been completed outside of the current MRE, where the exploration potential remains high and where spodumene bearing pegmatite dykes have been identified up to 3.5km along strike from the pit shell to the northeast (see Figure 5). The Company will release further details for its plans at Mirage in early 2026.

Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Simon T. Hébert, VP Development. He is a Professional Geologist registered in Quebec and is a Qualified Person as defined by National Instrument 43-101. The independent qualified persons for the MRE, as defined by National Instrument (‘NI’) 43-101 guidelines, is Pierre Luc Richard, P.Geo., of PLR Resources Inc., with contributions from Patrick Frenette, P.Eng., of Synectiq Inc. for cut-off grade estimation and open pit optimization.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing the most extensive grassroots lithium property portfolio in Canada, Greenland and Saudi Arabia underpinned by its Mirage project, one of the largest undeveloped hard-rock lithium Inferred Mineral Resource Estimate in the Americas, with 52.2Mt grading 1.08% Li2O.

Investor Relations/information

Mr. Killian Charles, President and CEO (info@brwexplo.ca)

Contact number: 514 861 4441

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Photos accompanying this announcement are available at:
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