Vancouver, British Columbia – October 6, 2025 – Homerun Resources Inc. (TSXV: HMR, OTCQB: HMRFF) (“Homerun” or the “Company”) is pleased to announce that the TSX Venture Exchange (TSX-V) has approved the structure of the Company’s previously announced $6,000,000 financing with a single institutional investor (the “Offering”).
The Company will now proceed to submit its formal application for conditional approval of the Offering. Further details regarding the terms and timing of closing will be provided following receipt of conditional approval, which is expected shortly.
Private Placement Oversubscribed
Further to its September 22, 2025 news release, Homerun also reports that its $3,000,000 unit private placement at $1.00 per unit is oversubscribed.
This private placement will close following the completion of the $6,000,000 institutional financing, as several subscribers have requested that the institutional financing be completed first. The Company has received approval from the TSX Venture Exchange to extend the closing date of this private placement to October 24, 2025.
About Homerun Resources Inc.
Homerun Resources Inc. is a vertically integrated materials and technology company advancing green energy solutions through innovation in high-purity quartz (HPQ) silica. Positioned as an emerging leader outside of China in HPQ silica innovation, Homerun operates across the entire industrial vertical — from raw material extraction to advanced energy storage and solar technologies.
The Company’s business model is built around two key divisions:
Homerun Advanced Materials
- Leveraging a robust supply of high-purity silica sand and quartz to develop a 120,000-ton-per-year processing facility for domestic and international sales.
- Advancing zero-waste thermoelectric purification and silica processing technologies in collaboration with the University of California, Davis.
Homerun Energy Solutions
- Developing Latin America’s first dedicated solar glass manufacturing facility, capable of producing 365,000 tons per year.
- Building on extensive expertise in photovoltaic technologies, including perovskite solar innovation.
- Marketing and distributing alternative energy systems across Europe for commercial and industrial clients.
- Commercializing AI-powered Energy Management and Control Systems for optimized energy capture, storage, and use.
- Partnering with the U.S. Department of Energy and National Renewable Energy Laboratory (NREL) to develop a long-duration energy storage system using the Company’s high-purity silica for industrial heat and power applications.
With multiple profit centers integrated across its value chain, Homerun is strategically positioned to benefit from the global energy transition. The Company’s phased development plan has met all key milestones to date, including government partnerships, infrastructure readiness, and proprietary advances in materials and energy technologies.
Homerun maintains a strong commitment to environmental, social, and governance (ESG) principles, prioritizing sustainability and community impact across its operations. As the Company advances toward revenue generation and deeper vertical integration in 2025, it remains focused on creating long-term shareholder value.
Forward-Looking Information
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements are based on management’s current expectations and assumptions regarding future events and performance. Forward-looking information includes, but is not limited to, statements concerning the completion and terms of the financings, the expected timing of approvals, and the Company’s business strategy.
Actual results may differ materially from those expressed or implied in such statements due to various factors, including regulatory approvals, market conditions, capital availability, and other risks inherent in the resource and energy sectors.
Homerun Resources undertakes no obligation to update or revise forward-looking information except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
