Homerun Resources Inc. Receives Conditional Approval from the TSXV for $6 Million Financing with Institutional Investor

Core Viewpoint - Homerun Resources Inc. has received conditional approval from the TSX Venture Exchange for a CDN$6 million financing with institutional investor Sorbie Bornholm LP, aimed at advancing its silica to solar and energy storage business [1][2][3] Financing Details - The financing will involve the issuance of 6,000,000 units at a price of CDN$1.00 per unit, each consisting of one common share and one common share purchase warrant [1][2] - Proceeds will be utilized for business development, scaling revenues, and general working capital [2] Investor Insights - The CEO of Homerun expressed enthusiasm for the partnership with Sorbie Bornholm, highlighting the investor's innovative model that provides capital over 24 months [3] - Sorbie Bornholm's Managing Director emphasized the importance of Homerun's integrated strategy for high-purity silica and advanced energy solutions in the context of the global energy transition [3] Offering Structure - The investor will deposit CDN$6 million into an escrow account, with shares and warrants released monthly based on the company's market price [5] - The investor will receive 1,500,000 warrants immediately upon closing, with additional warrants issued monthly at a 20% premium to the 5-day VWAP [5] Regulatory and Closing Information - The offering is expected to close on or about November 30, 2025, subject to necessary regulatory approvals [7] - The company intends to rely on the listed issuer financing exemption for the offering, with shares and warrants not subject to resale restrictions [6] Company Overview - Homerun is focused on building a vertically integrated platform for clean energy manufacturing, leveraging high-purity low-iron silica resources [8][9] - The company aims to develop a high-efficiency solar glass plant and advance silica-based thermal storage systems [13]