Homerun Resources Inc. Announces Update on European Financial Markets Advisory

Rhea-AI Summary

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced it will not proceed with the previously announced engagement of DGWA GmbH as its European financial markets' adviser, which was initially disclosed on April 2, 2025. The company states it is currently pursuing alternative European financing and advisory relationships.

Positive

• None.

Negative

• Termination of planned European financial markets advisory relationship with DGWA GmbH

News Market Reaction – HMRFF

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-2.27% News Effect

On the day this news was published, HMRFF declined 2.27%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - July 17, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") announces that, further to its April 2, 2025 news release, the Company will not be proceeding with the previously contemplated engagement of DGWA GmbH as a European financial markets' adviser. The Company is currently advancing other European financing and advisory relationships.

About Homerun (www.homerunresources.com)
Homerun (TSXV: HMR) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

• Utilizing Homerun's robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.

• Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

Homerun Energy Solutions

• Building Latin America's first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.

• European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).

• Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.

• Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company's high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With six profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company's HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

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/259053

FAQ

Why did Homerun Resources (HMRFF) cancel its engagement with DGWA GmbH?

The press release does not specify the reasons for not proceeding with DGWA GmbH as their European financial markets' adviser.

What are Homerun Resources' (HMRFF) alternative plans for European market advisory?

The company states it is currently advancing other European financing and advisory relationships, but specific details were not provided.

When was the DGWA GmbH engagement originally announced by Homerun Resources?

The original announcement of the DGWA GmbH engagement was made in a news release dated April 2, 2025.

What is the current status of Homerun Resources' European market strategy?

Homerun Resources is currently pursuing alternative European financing and advisory relationships after deciding not to proceed with DGWA GmbH.