Homerun Resources Inc. Amends Terms of Previously Announced Financing

Rhea-AI Summary

Homerun Resources (OTCQB: HMRFF) amended the terms of its previously announced convertible security funding agreement (CFSA) with Lind by revising the warrant component tied to the Initial Tranche. The CFSA now provides for 1,850,000 warrants, representing 50% warrant coverage on the Initial Tranche, exercisable for 24 months at C$0.66 per share, equal to 110% of the market closing price on the day before the transaction announcement. All other financing terms remain unchanged. Homerun focuses on high-purity silica, solar glass, energy storage and AI-enabled energy solutions, anchored by a silica resource in Bahia, Brazil.

Positive

• 1,850,000 warrants set at a 10% premium to prior market close
• Defined warrant coverage of 50% on the Initial Tranche
• Warrant term fixed at 24 months, providing clearer financing structure

Negative

• Potential shareholder dilution from up to 1,850,000 additional shares on warrant exercise

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - August 14, 2026) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce a slight amendment to the terms of the convertible security funding agreement (the "CFSA") previously announced on July 8, 2026 (the "Initial News Release"). The Initial News Release is amended by deleting paragraph three and replacing it with the following:

"The CSFA provides for 1,850,000 warrants to be issued to Lind in connection with the Initial Tranche, representing 50% warrant coverage on the Initial Tranche. The warrants will be exercisable for 24 months with an exercise price of C$0.66, equal to 110% of the market closing price on the day prior to announcement of this transaction."

All other terms of the financing remain as announced in the Initial News Release.

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

Homerun is building the silica-powered backbone of the energy and technology transitions across multiple focused verticals: High Purity Silica and Advanced Silica Materials, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in the Silica Valley of Bahia, Brazil, Homerun is transforming raw silica sand into essential materials, products and technologies that accelerate clean energy and technology solutions 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 and technology materials.
• Solar: Development of the first dedicated 1,000 tonne per day high-efficiency solar glass plant in the Americas and the commercialization of extra-clear, 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 and technology solutions in the Americas.

On behalf of the Board of Directors of
Homerun Resources Inc.

"Brian Leeners"

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

Tyler Muir, Investor Relations
info@homerunresources.com / +1 306-690-8886 (WhatsApp)

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/309656

FAQ

What financing terms did Homerun Resources (OTCQB: HMRFF) amend on August 14, 2026?

Homerun Resources amended the warrant terms under its convertible security funding agreement with Lind. According to Homerun, the CFSA now specifies 1,850,000 warrants, 50% coverage on the Initial Tranche, exercisable for 24 months at C$0.66, with all other financing terms unchanged.

What are the key warrant terms under Homerun Resources’ CFSA with Lind (HMRFF)?

The CFSA provides 1,850,000 warrants to Lind linked to the Initial Tranche. According to Homerun, these warrants offer 50% warrant coverage, are exercisable for 24 months, and carry an exercise price of C$0.66, equal to 110% of the prior day’s market closing price.

Does the August 14, 2026 amendment change other CFSA financing terms for Homerun Resources (HMRFF)?

The amendment only revises the warrant paragraph of the CFSA. According to Homerun, all other terms of the previously announced financing, including the broader convertible security structure, remain as initially disclosed in the July 8, 2026 announcement.

How might the 1,850,000 warrants under the CFSA affect Homerun Resources shareholders?

If exercised, the 1,850,000 warrants could increase Homerun’s share count. According to Homerun, the warrants are exercisable for 24 months at C$0.66, so any dilution would depend on future share price performance and Lind’s exercise decisions.

What business is Homerun Resources (OTCQB: HMRFF) in and where is its silica project?

Homerun Resources focuses on high-purity silica, advanced silica materials, solar glass, energy storage and energy solutions. According to Homerun, its platform is anchored by a high-purity, low-iron silica resource located in the Silica Valley of Bahia, Brazil, supporting multiple clean-energy verticals.