The Offering will consist of the issuance of 6,000,000 Units. Each Unit consists of one (1) common share (“Shares“) of the Company and one (1) warrant to purchase common shares (“Warrants“). Proceeds from the Offering will be used to advance the Company’s vertically integrated silica business into solar and energy storage, to support business development and revenue scaling and for general working capital purposes.
Brian Leeners, CEO of Homerun, said: “We are pleased to welcome this particular institutional investor as they have chosen Homerun as their first investment with a company trading on the TSX Venture Exchange. Their innovative investment model provides capital for 24 months, keeping our team focused on executing our plans and results. We are confident that this financing, based on its unique model, will deliver capital premiums on the original funding amount over that 24-month period as we continue to reduce risks to our business and the transition into a fast-growing, revenue-generating company with exceptional long-term potential.”
Sorbie Bornholm Managing Director Whitney Kofford commented: “Sorbie is proud to announce this new investment in Homerun Resources and provide Homerun with flexible, growth-linked capital over the next two years through our unique Sharing Agreement. The global energy transition requires bold thinking and the ability to execute transformative ideas. Homerun’s integrated strategy for high-purity silica and advanced energy solutions is a great example of this: the opportunity to meet innovation. We applaud Homerun’s consistent track record in terms of hard work and determination, and we look forward to supporting the company on their growth journey in the longer term.”
Pursuant to the terms and conditions of a Sharing Agreement between the parties, the following structure and sequence will take effect under the Offering:
- The investor will deposit CDN$6,000,000 into an escrow account.
- The Company will hold the 6,000,000 Shares in trust and the Warrants will be issued to Sorbie on each monthly settlement date.
- Over a 24-month period, the cash and stock will be released monthly based on the company’s market price on each release date.
- The Investor will immediately upon closing receive 1,500,000 Warrants exercisable at CDN$1.18 for three (3) years.
- The Investor will also receive up to 4,500,000 additional Warrants, issued monthly over a 24-month period, at a 20% premium to the 5-day VWAP at the time of each issuance and exercisable for three (3) years from issuance.
- The Company will pay the Investor a corporate financing fee of 360,000 Shares and a due diligence deposit of 100,000 Shares, both subject to the same escrow and release schedule.
- The Warrants will also contain an equity blocker provision prohibiting the Investor from exercising any portion of the Warrants if such exercise would result in the holder owning more than 9.99% of the outstanding Shares of the Company.
The Company intends to rely on the financing exemption for listed issuers under Part 5A of National Instrument 45-106 – Prospectus exemptions, as amended by Coordinated General Order 45-935 – Exemptions from certain publicly traded issuer financing conditions for the Offering, and the Shares and Warrants will not be subject to restrictions on resale. An offering document relating to the offering will be available under the company profile at www.sedarplus.ca and at www.homerunresources.com. Potential investors should read this offering document before making any investment decision. The closing of the Offering is subject to various conditions, including the receipt of all necessary corporate and regulatory approvals, including the TSXV.
The Offering is expected to close on or about November 30, 2025, or such other date as the Company may determine, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including final approval of the TSX Venture Exchange. No finder’s fees are payable to parties in connection with the Offer.
About Homerun (www.homerunresources.com)
Homerun is building the silica-powered backbone of the energy transition in four targeted verticals: Silica, Solar, Energy Storage and Energy Solutions. Anchored by a unique high-purity, low-iron silica source in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean energy adoption and deliver sustainable shareholder value.
- Silica: Safe supply and processing of high-purity, low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
- Solar Energy: Development of the first dedicated 1,000 tonne per day solar glass factory in Latin America and commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
- Energy storage: Advancing sustainable silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock electricity grid flexibility.
- Energy Solutions: AI-enabled energy management, control systems and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.
With disciplined execution, strategic partnerships and an unwavering commitment to best-in-class ESG practices, Homerun is focused on turning milestones into markets, creating a scalable, vertically integrated platform for clean energy production in the Americas.
On behalf of the Board of Directors of Homerun Resources Inc.:
“Brian Leeners”
AS TO THE SUITABILITY OR ACCURACY OF THIS RELEASE
The information contained herein contains “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements relate to information that is based on management’s assumptions, predictions of future results and estimates of amounts that cannot yet be determined. 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any state securities laws, and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
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