Scully Royalty .(US:SRL) TMX Newsfile·2025-12-18 13:00Core Insights - Homerun Resources Inc. has announced that its subsidiary, Homerun Energy SRL, has been recognized as a Key Innovator by the European Commission's Innovation Radar for its contributions to the E.T.COMPACT project, which is funded under the Horizon Europe programme [1][3][4] Innovation and Technology - The innovation recognized is titled "NIR-Optimized Flexible CIGS Modules for Propellant Less Solar Propulsion System," which has been assessed as having strong commercial readiness and potential to open new markets, particularly in energy applications [2][3] - Homerun Energy has played a central role in developing this technology, showcasing its technical leadership and ability to transform research into market-ready solutions [3][4] Project Overview - E.T.COMPACT is an EU-funded EIC Pathfinder project (2024-2027) aimed at developing a compact, propellant-less in-space propulsion and energy system based on electrodynamic tether technology powered by solar energy [5] - The project focuses on demonstrating a novel photovoltaic tether that can generate power and provide propulsion, enhancing sustainability and cost-effectiveness for space missions [5] Financial Developments - Homerun Resources has closed a private placement financing of $3,128,384, receiving final approval from the TSX Venture Exchange [6][8] - The financing involved issuing a total of 3,128,384 Units, each consisting of one common share and one common share purchase warrant, with an exercise price of CA$1.30 for 24 months [7] Company Profile - Homerun Energy is a clean energy technology company focused on accelerating the transition to sustainable energy, developing advanced energy solutions including high-efficiency Perovskite solar systems and AI-driven energy management platforms [9][10] - The company aims to combine innovation, sustainability, and practical energy transformation to help businesses reduce costs and environmental impact [10]