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

Executive Summary

• Homerun Resources received conditional TSXV approval for a CDN$6,000,000 financing with Sorbie Bornholm LP.
• The offering consists of 6,000,000 units (each unit = 1 common share + 1 warrant) at $1.00 per unit, with additional warrants and equity blocker provisions.
• Proceeds will be used to advance the company’s vertically integrated silica‑to‑solar and energy storage business, support business development, scale revenues, and fund general working capital.

Key Details

• Offering Structure: 6,000,000 Units @ CDN$1.00 per unit = CDN$6,000,000 gross proceeds.
• Unit Composition: 1 common share + 1 common share purchase warrant.
• Warrant Allocation:
• Immediate issuance of 1,500,000 warrants exercisable at CDN$1.18 for three years.
• Up to an additional 4,500,000 warrants issued monthly over 24 months, priced at a 20 % premium to the five‑day VWAP on each issuance date, also exercisable for three years.
• Escrow & Settlement: Investor deposits CDN$6M into escrow; shares placed in escrow and released monthly over 24 months based on market price. Warrants issued to investor on each settlement date.
• Corporate Finance Fee: 360,000 shares payable to the investor.
• Due‑Diligence Deposit: 100,000 shares payable to the investor. Both subject to same escrow/release schedule.
• Equity Blocker Provision: Investor may not exercise warrants if ownership would exceed 9.99 % of outstanding shares.
• Use of Proceeds: Advance silica‑to‑solar and energy storage business, support business development, scale revenues, and general working capital.
• Closing Timeline: Expected closing on or about November 30 2025, subject to regulatory approvals (including final TSXV approval).
• Regulatory Exemption: Offering relies on the listed issuer financing exemption under NI 45‑106 Part 5A and related blanket order; shares and warrants will not be resale‑restricted.

Notable Quotes

• Brian Leeners, CEO: “We are thrilled to welcome this particular Institutional Investor… Their innovative investment model provides capital over 24 months keeping our team focused on the execution of our plans and deliverables.”
• Whitney Kofford, Managing Director, Sorbie Bornholm: “Sorbie is proud to announce this new investment in Homerun Resources… we look forward to supporting the Company over the longer‑term throughout their growth trajectory.”