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Homerun Sources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (“Homerun” or the “Firm”) is happy to announce that it has acquired TSXV conditional approval for its beforehand introduced financing, initially introduced on June 16, 2025, with an arm’s size institutional investor, Sorbie Bornholm LP (the “Investor”) in reference to a proposed financing for CDN$6,000,000.00 (the “Providing”) at a value of $1.00 per unit (“Unit”).
The Providing will include the issuance of 6,000,000 Items. Every Unit shall be comprised of 1 (1) widespread share (“Shares“) of the Firm and one (1) widespread share buy warrant (“Warrants“). The proceeds from the Providing can be used to advance the Firm’s vertically built-in silica to photo voltaic and power storage enterprise, supporting enterprise growth and scaling of revenues and for common working capital functions.
Brian Leeners, CEO of Homerun said, “We’re thrilled to welcome this explicit Institutional Investor as they’ve chosen Homerun to be their inaugural funding with an organization buying and selling on the TSX Enterprise Change. Their progressive funding mannequin supplies capital over 24 months holding our group centered on the execution of our plans and deliverables. We’ve confidence that this financing primarily based on its distinctive mannequin, will present capital premiums to the unique financing quantity over that 24-month interval as we proceed to de-risk our enterprise and transition right into a high-growth, revenue-generating Firm with distinctive long-term potential.”
Sorbie Bornholm Managing Director Whitney Kofford commented, “Sorbie is proud to announce this new funding in Homerun Sources and to supply Homerun with versatile, growth-linked capital over the following two years via our distinctive Sharing Settlement. The worldwide power transition requires daring considering and the flexibility to execute on transformative concepts. Homerun’s built-in technique for high-purity silica and superior power options is a main instance of simply that – innovation assembly alternative. We applaud Homerun’s constant monitor file of arduous work and dedication, and we look ahead to supporting the Firm over the longer-term all through their development trajectory.”
Pursuant to the phrases and situations of a Sharing Settlement between the events, the next construction and sequence will take impact below the Providing:
- The Investor will deposit CDN$6,000,000 right into a third-party escrow account.
- The Firm will situation the 6,000,000 Shares into escrow and the Warrants can be issued to Sorbie on every month-to-month settlement date.
- Over a 24-month interval, the money and Shares can be launched month-to-month primarily based on the Firm’s market value at every launch date.
- The Investor will instantly obtain upon closing 1,500,000 Warrants exercisable at CDN$1.18 for 3 (3) years.
- The Investor may even obtain as much as 4,500,000 extra Warrants, issued month-to-month over 24 months, priced at a 20% premium to the 5-day VWAP on the time of every issuance and exercisable for 3 (3) years from issuance.
- The Firm can pay the Investor a company finance charge of 360,000 Shares and a due-diligence deposit of 100,000 Shares, each topic to the identical escrow and launch schedule.
- The Warrants may even embody an fairness blocker provision that prohibits the Investor from exercising any portion of the Warrants if such train would consequence within the holder proudly owning greater than 9.99% of the Firm’s excellent Shares.
The Firm intends to depend on the listed issuer financing exemption below Half 5A of Nationwide Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Sure Situations of the Listed Issuer Financing Exemption, for the Providing, and the Shares and Warrants won’t be topic to restrictions on resale. There can be an providing doc associated to the Providing that can be out there below the Firm’s profile at www.sedarplus.ca and at www.homerunresources.com. Potential buyers ought to learn this providing doc earlier than investing resolution. Closing of the Providing is topic to a number of situations, together with receipt of all mandatory company and regulatory approvals, together with the TSXV.
The Providing is anticipated to shut on or about November 30, 2025, or such different date because the Firm could decide, and is topic to sure situations together with, however not restricted to, the receipt of all mandatory regulatory and different approvals, together with the ultimate approval of the TSX Enterprise Change. There are not any finder’s charges payable to any events below the Providing.
About Homerun (www.homerunresources.com)
Homerun is constructing the silica-powered spine of the power transition throughout 4 centered verticals: Silica, Photo voltaic, Vitality Storage, and Vitality Options. Anchored by a novel high-purity low-iron silica useful resource in Bahia, Brazil, Homerun transforms uncooked silica into important merchandise and applied sciences that speed up clear energy adoption and ship sturdy shareholder worth.
- Silica: Safe provide and processing of high-purity low-iron silica for mission-critical functions, enabling premium photo voltaic glass and superior power supplies.
- Photo voltaic: Improvement of Latin America’s first devoted 1,000 tonne per day high-efficiency photo voltaic glass plant and the commercialization of antimony-free photo voltaic glass designed for next-generation photovoltaic efficiency.
- Vitality Storage: Development of long-duration, silica-based thermal storage methods and associated applied sciences to decarbonize industrial warmth and unlock grid flexibility.
- Vitality Options: AI-enabled power administration, management methods, and turnkey electrification options that cut back prices and optimize renewable era for industrial and industrial prospects.
With disciplined execution, strategic partnerships, and an unwavering dedication to best-in-class ESG practices, Homerun is targeted on changing milestones into markets-creating a scalable, vertically built-in platform for clear power manufacturing within the Americas.
On behalf of the Board of Administrators of Homerun Sources Inc.:
“Brian Leeners”
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
The knowledge contained herein accommodates “forward-looking statements” inside the which means of relevant securities laws. Ahead-looking statements relate to data that’s primarily based on assumptions of administration, forecasts of future outcomes, and estimates of quantities not but determinable. Any statements that categorical predictions, expectations, beliefs, plans, projections, goals, assumptions or future occasions or efficiency will not be statements of historic reality and could also be “forward-looking statements”.
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any securities in the USA. The securities haven’t been and won’t be registered below the USA Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities legal guidelines and might not be supplied or offered inside the USA or to U.S. Individuals except registered below the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is obtainable.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/275995
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