Homerun Resources Inc. Provides Financing Updates
Rhea-AI Summary
Homerun Resources Inc. (OTCQB: HMRFF) provided updates on two significant financing initiatives. The company is finalizing a pioneering $6 million institutional financing that represents a first-of-its-kind structure on the TSXV, currently pending exchange approval. Additionally, Homerun has received TSXV approval to extend the closing of its separate $3 million unit private placement to October 6, 2025.
The company expects both financings to close fully subscribed in the near term, subject to TSXV approval. CEO Brian Leeners highlighted that this innovative financing structure positions Homerun as a pioneer in new capital solutions on the TSXV, supporting their plans for future growth and potential listing on the London Stock Exchange's Main Market.
Positive
- First-of-its-kind $6 million institutional financing nearing TSXV approval
- Additional $3 million private placement expected to close fully subscribed
- Both financings demonstrate strong investor interest from sophisticated investors
- Strategic positioning for potential London Stock Exchange Main Market listing
Negative
- Extended delays in obtaining TSXV approval for the institutional financing
- Dependency on TSXV approval creates uncertainty for closing timeline
- Private placement closing contingent on institutional financing completion
News Market Reaction
On the day this news was published, HMRFF declined 2.19%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to provide an update on the status of its previously announced
Since announcing the Offering, the Company and the institutional investor have been engaged in an ongoing financing review process with the TSX Venture Exchange (the "TSXV") regarding the structure and documentation of the transaction. Over the past several months, the Company has held detailed discussions with the TSXV to address the unique elements of the Offering, as it is the first of its kind on the TSXV. The Company believes that it is nearing the conclusion of this review and expects to receive TSXV approval for the Offering structure in the near term. A further news release will be issued upon receipt of conditional approval from the TSXV and with additional details regarding the closing process.
Brian Leeners, CEO of Homerun Resources stated, "This is a first of its kind financing on the TSXV. Approval of this innovative financing structure positions Homerun as the pioneer of new capital solutions on the TSXV and facilitates future growth and enhanced shareholder value. The level of interest for both our current financings from sophisticated professional investors further validates our business strategy and enables Homerun to accelerate Company development and achieve major operational and asset milestones and ties in with our announced plan to pursue a listing on the Main Market of the London Stock Exchange."
The Company also reports, that further to its September 8, 2025 news release, the Company has several large subscribers for its
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 multiple 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/267361
FAQ
What is the total amount of financing Homerun Resources (HMRFF) is seeking to raise?
When is the extended closing date for Homerun Resources' $3 million private placement?
Why is Homerun Resources' $6 million financing considered unique on the TSXV?
What are Homerun Resources' plans for the London Stock Exchange?
What is the status of TSXV approval for Homerun Resources' institutional financing?
