Homerun Resources Inc. Closes $6M Financing with Institutional Investor Sorbie Bornholm LP

Homerun Resources announced on December 8, 2025, that it has closed the previously announced $6 million financing with institutional investor Sorbie Bornholm LP. The financing consists of 6,000,000 units at a price of $1.00 per unit. Each unit is comprised of one common share and one common share purchase warrant, entitling the holder to purchase one additional common share at an exercise price of $1.18 for a period of 36 months. The offering was conducted under the listed issuer financing exemption, which means the securities issued are not subject to a statutory hold period.

The closing of this $6 million financing is a material and positive event for Homerun Resources. It directly addresses the company's precarious financial position and provides the necessary capital to advance its key projects.

• Financial Health Context: The September 30, 2025 financial statements revealed a working capital deficit of approximately $393,000 and a cash position of only $708,000, against a nine-month net loss of $4.4 million. The company was in urgent need of capital to continue operations and fund its development plans. This financing removes the immediate solvency risk.

• Strategic Execution: The proceeds are crucial for advancing the company's vertically integrated "silica-to-solar" strategy. The most critical upcoming milestone is the Bankable Feasibility Study (BFS) for its planned solar glass manufacturing facility in Brazil. The company engaged DTEC Engineering in November 2025 with an expected completion in Q1 2026. This financing ensures the BFS can be completed, which is the primary catalyst required to secure larger-scale project financing and convert its numerous non-binding offtake agreements into binding contracts.

• Financing Terms: The $1.00 issue price is in line with the recent market price, representing non-punitive dilution. The warrant exercise price of $1.18 is a reasonable premium. However, it is critical to note that this financing is structured as a "Sharing Agreement" with capital provided in monthly tranches over 24 months, as detailed in the June 16, 2025 release ($250,000 per month). This structure provides a steady runway for operational expenses and study costs but does not provide a large lump sum for major capital expenditures. The success of the company's large-scale plans remains entirely dependent on securing substantial project financing post-BFS.

Overall, the news confirms the market's expectation and solidifies the company's ability to execute its near-term strategy. It is a necessary step that de-risks the immediate future, though significant long-term financing and execution hurdles remain.

Homerun Resources Inc. is pursuing a complex, vertically integrated strategy to become a key supplier for the green energy transition. The company's business is built on two pillars: 1. Homerun Advanced Materials: Centered on its flagship Belmonte High Purity Silica Sand Project in Bahia, Brazil. The plan is to extract and process high-purity silica sand for advanced applications and as feedstock for its own manufacturing. The project has a 43-101 compliant resource estimate of 25.6M tonnes measured and 38.4M tonnes inferred. 2. Homerun Energy Solutions: This division aims to build Latin America's first dedicated solar glass manufacturing facility (1,000 tonnes/day) using its own silica. It also includes technologies acquired via Homerun Energy (formerly Halocell Europe), such as perovskite solar R&D, and the "The Hub" AI energy management platform for commercial and industrial clients.

The company's strategy is to control the entire value chain, from raw material extraction in Brazil to advanced technology solutions in solar and energy storage.