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Homerun Resources Inc. Financing Updates
Newsfile· 2025-10-06 13:03
Core Insights - Homerun Resources Inc. has received approval from the TSX Venture Exchange for a $6,000,000 financing with a single institutional investor, and is preparing to submit a formal application for conditional approval [1] - The company is also oversubscribed for a $3,000,000 unit private placement at $1.00, which will close after the institutional financing [2] Company Overview - Homerun Resources Inc. is a vertically integrated materials leader focused on green energy solutions through advanced silica technologies, controlling the entire industrial vertical from raw material extraction to solar, battery, and energy storage solutions [3][5] - The company aims to capitalize on high-growth global energy transition markets with multiple profit centers utilizing high-purity quartz (HPQ) silica [5] Development Strategy - Homerun has achieved key milestones in its 3-phase development plan, including government partnerships and breakthrough intellectual property in advanced materials processing and energy solutions [5] - The company is developing a 120,000 tons per year processing plant and building Latin America's first dedicated high-efficiency solar glass manufacturing facility with a capacity of 365,000 tons per year [7] Commitment to Sustainability - The company maintains a strong commitment to ESG principles, employing sustainable production technologies and benefiting local communities [6] - Homerun is partnering with the U.S. Department of Energy/NREL to develop a long-duration energy storage system utilizing high-purity silica sand [7]
Homerun Resources Inc. Provides Financing Updates
Newsfile· 2025-09-22 12:00
Core Viewpoint - Homerun Resources Inc. is progressing towards a $6,000,000 financing with a single institutional investor, marking a pioneering effort on the TSX Venture Exchange [1][2][3] Financing Update - The company is in the final stages of a financing review process with the TSX Venture Exchange regarding the unique structure of the $6,000,000 Offering, which is the first of its kind on the TSXV [2] - Approval from the TSXV is expected soon, with a further news release planned upon receiving conditional approval [2] - The closing of the financing has been extended to October 6, 2025, to accommodate large subscribers from a separate $3 million private placement [3] Company Strategy and Growth - The CEO of Homerun Resources emphasized that this innovative financing structure positions the company as a pioneer in new capital solutions on the TSXV, facilitating future growth and enhancing shareholder value [3] - The company is focused on pursuing a listing on the Main Market of the London Stock Exchange [3] Business Operations - Homerun is a vertically integrated materials leader specializing in high-purity quartz (HPQ) silica technologies, controlling the entire industrial vertical from raw material extraction to advanced energy solutions [4][6] - The company has established multiple profit centers within its vertical strategy, targeting high-growth global energy transition markets [6] - Key milestones achieved include government partnerships, scalable logistical market access, and breakthrough intellectual property in advanced materials processing and energy solutions [6] Technological Innovations - The company is developing a 120,000 tons per year processing plant for high-purity silica sand and quartz silica materials [7] - It is pioneering zero-waste thermoelectric purification technologies in collaboration with the University of California - Davis [7] - Homerun is building a high-efficiency solar glass manufacturing facility in Latin America and is involved in developing new solar technologies [7] Commitment to Sustainability - Homerun maintains a strong commitment to ESG principles, utilizing sustainable production technologies and benefiting local communities [8] - The company aims to advance revenue generation and vertical integration while delivering shareholder value amid the global energy transition [8]
Homerun Resources Inc. Receives Joint Support Plan from BNDES and FINEP Indicating Financial Instruments Available to Support Homerun's Business Plan
Newsfile· 2025-07-28 12:00
Core Insights - Homerun Resources Inc. has received a joint support plan from BNDES and FINEP, indicating financial instruments available to support its business plan [1][2] - The support plan is part of a strategic minerals transformation initiative worth USD $815 million, aimed at accelerating high-impact mineral-transformation projects [2] Financial Instruments - The joint support plan includes various financial instruments such as long-term credit lines, equity investments, non-reimbursable funds, and economic subsidies [2] - Specific programs available include: - Climate Fund with a maximum value of R$ 500 million per economic group, offering a term of up to 16 years [3] - Innovation Investments in R&D&I with a maximum value of R$ 300 million per economic group per calendar year [3] - FINEM for Productive Capacity with funding up to 80% of project value, capped at 100% of fundable items [3] Company Developments - The CEO of Homerun Resources expressed satisfaction with the support plan, emphasizing its role in advancing solar glass production and silica processing capabilities [4] - The R$5 billion funding program is part of the New Industry Brazil initiative, focusing on R&D&I and expected to leverage additional private investment [4] - Homerun is positioned to capitalize on high-growth global energy transition markets through its vertically integrated strategy [9] Strategic Initiatives - The company is developing a 120,000 tpy processing plant and building Latin America's first dedicated high-efficiency solar glass manufacturing facility [11] - Partnerships with the U.S. Department of Energy/NREL are underway for developing long-duration energy storage systems utilizing high-purity silica sand [11] - The company maintains a commitment to ESG principles, focusing on sustainable production technologies [10]
Homerun Resources Inc. Files for Approval of $3 Million Financing; Updates $6 Million Institutional Financing
Newsfile· 2025-07-24 21:36
Financing Update - Homerun Resources Inc. has filed for conditional approval for a $3 million private placement financing, with each unit priced at $1.00 [1] - Upon receiving Exchange approval, the first tranche will close for gross proceeds of $1,568,000, issuing 1,568,000 units, each consisting of one common share and one warrant exercisable at CA$1.30 for 24 months [2] - Proceeds from the financing will be allocated for project payments, ongoing development, and general working capital, with cash finder's fees of $28,455 and 28,455 non-transferable broker warrants to be paid [3] Insider Participation - An insider subscribed to the financing for $100,000, which constitutes a related party transaction, and the company is relying on exemptions from formal valuation requirements as the transaction's fair market value does not exceed 25% of the company's market capitalization [4] Institutional Financing Update - The company is in the final review and closing processes for a previously announced $6 million institutional financing with an investor [5] Company Overview - Homerun Resources Inc. is focused on green energy solutions through advanced silica technologies, controlling the full industrial vertical from raw material extraction to solar, battery, and energy storage solutions [6] - The company is positioned to capitalize on high-growth global energy transition markets with a three-phase development plan that has achieved key milestones, including government partnerships and breakthrough intellectual property in advanced materials processing [11] - Homerun maintains a commitment to ESG principles, utilizing sustainable production technologies and aiming to deliver shareholder value through strategic execution in the energy transition [12]
Homerun Resources Inc. Announces Update on European Financial Markets Advisory
Newsfile· 2025-07-17 12:00
Core Insights - Homerun Resources Inc. has decided not to engage DGWA GmbH as a European financial markets adviser and is pursuing other financing and advisory relationships in Europe [1] Company Overview - Homerun Resources Inc. (TSXV: HMR) is a vertically integrated leader in materials focused on green energy solutions through advanced silica technologies [2] - The company is emerging as a significant player outside of China for high-purity quartz (HPQ) silica innovation, controlling the entire industrial vertical from raw material extraction to advanced solar, battery, and energy storage solutions [2] Business Strategy - Homerun has established six profit centers within its vertical integration strategy, leveraging HPQ silica across solar, battery, and energy storage markets [5] - The company has successfully achieved key milestones in its 3-phase development plan, including government partnerships and scalable logistical market access [5] Commitment to Sustainability - The company is dedicated to ESG principles, employing sustainable production technologies and benefiting local communities [6] - As Homerun advances its revenue generation and vertical integration in 2025, it aims to enhance shareholder value through strategic execution in the global energy transition [6] Technological Innovations - Homerun is developing a 120,000 tpy processing plant to utilize its high-purity silica sand and quartz silica materials for domestic and international sales [9] - The company is pioneering zero-waste thermoelectric purification and advanced materials processing technologies in collaboration with the University of California – Davis [9] - It is also building Latin America's first dedicated high-efficiency solar glass manufacturing facility with a capacity of 365,000 tpy [9] - Homerun is commercializing AI Energy Management and Control System Solutions for energy capture, storage, and efficient use [9] - The company is partnering with the U.S. Department of Energy/NREL to develop a long-duration energy storage system using its high-purity silica sand [9]
Homerun Resources Inc. Announces Retirement of Long Time Director Greg Pearson - Hires Integral for Market Making Services
Newsfile· 2025-05-23 12:50
Core Points - Homerun Resources Inc. announces the retirement of long-time Director Greg Pearson, who will remain in an advisory role [3][4] - The company has retained Integral Wealth Securities Limited to provide market-making services for an initial term of three months [2][5] - Integral will receive a monthly compensation of CAD $6,000 for its services, with the first payment made upon signing the agreement [5] Company Overview - Homerun Resources Inc. is a vertically integrated materials leader focused on green energy solutions through advanced silica technologies [11] - The company is positioned as an emerging force outside of China for high-purity quartz (HPQ) silica innovation, controlling the full industrial vertical from raw material extraction to energy solutions [11][14] - Homerun has six profit centers within its vertical strategy, capitalizing on high-growth global energy transition markets [14][15] Market-Making Services - The agreement with Integral was executed on May 13, 2025, and allows for termination after three months with 30 days written notice [5][6] - Integral is an independent CIRO-licensed investment dealer that will trade securities of the company to maintain an orderly market [6][7] - Integral and the company are unrelated entities, and Integral will bear its own costs for market-making activities [9] Stock Options - The company has issued 500,000 stock options priced at $1.50 to new Executive Director Mr. Stephen Burega [10]
Homerun Resources Inc. Application Submission to BNDES and FINEP Strategic Minerals Transformation Funding Call
Newsfile· 2025-05-09 12:00
Core Insights - Homerun Resources Inc. submitted a proposal for strategic mineral transformation funding from BNDES and FINEP, highlighting strong industry interest in Brazil's energy transition [1][2] - The proposal is unique as it is the only one from a silica/silicon company, focusing on transforming raw materials into high-value solar glass, aligning with the funding call's goals [2][3] - The project aims to boost domestic value addition, create skilled jobs, and stimulate local economies while advancing technological innovation [3] Funding Program Details - The funding program amounts to R$5 billion (approximately US$824 million) and is part of the New Industry Brazil initiative, supporting large-scale industrial plants and pilot projects [4] - Approximately R$8 billion is reserved for investments in company equity, partly in partnership with mining leader Vale, to leverage additional private investment [4] Company Overview - Homerun is a vertically integrated materials leader focused on green energy solutions through advanced silica technologies, controlling the full industrial vertical from raw material extraction to energy solutions [6][10] - The company has developed a 120,000 tpy processing plant to facilitate domestic and international sales of processed silica [9] - Homerun maintains a commitment to ESG principles, utilizing sustainable production technologies and benefiting local communities [11]