Homerun Resources Inc. Seeks Authorization for a $3 Million Funding; Revises $6 Million Institutional Funding Plan
Homerun Resources Inc., a pioneer in solar technologies and energy storage systems, has announced a significant financial move. The Canadian-based company has filed for conditional approval for a $3 million private placement financing.
The financing, priced at $1.00 per unit, will see Homerun Resources issue a total of 3 million units. Each unit consists of one common share and one common share purchase warrant, with the warrants exercisable at CA$1.30 for a period of 24 months.
Notably, the financing includes a participation of $100,000 by insiders, making it a "related party transaction". The warrants are subject to an acceleration clause, which allows the company to accelerate the exercise period if the shares close at or above CA$2 for 10 consecutive trading days.
The company plans to close the first tranche of the financing, raising approximately $1.568 million. Proceeds from the financing will be used for project payments, development of the Company's projects, and general working capital.
Homerun Resources is also partnering with the U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system. This partnership underscores the company's commitment to capitalizing on high-growth global energy transition markets.
Moreover, Homerun Resources is commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage, and efficient energy use. The company is also building Latin America's first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility.
The institutional financing announced on June 16, 2025, is currently in final review and closing processes with the Exchange. Homerun Resources has also secured a joint support plan from Brazil’s National Development Bank (BNDES) and innovation agency (FINEP), offering a range of financing instruments to further strengthen its institutional financing capabilities.
Homerun Resources maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations. The company's 3-phase development plan has achieved all key milestones in a timely manner, demonstrating its strategic execution within the unstoppable global energy transition.
All securities issued pursuant to the Financing are subject to a four-month and one-day hold period. The company will pay cash finder's fees of $28,455 and issue 28,455 Non-Transferable Broker Warrants.
Homerun Resources has also secured a partnership with the European leader in the marketing, distribution, and sales of alternative energy solutions into the commercial and industrial segments (B2B). This partnership further solidifies Homerun Resources' position as a key player in the global energy transition.
In conclusion, Homerun Resources Inc.'s $3 million private placement financing marks a significant step forward in the company's mission to pioneer new solar technologies and contribute to the global energy transition. The company's commitment to sustainability, innovation, and strategic partnerships positions it well for future success.
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Homerun Resources Inc. will utilize the proceeds from the private placement financing for project payments, development of its projects, and general working capital, thus indicating a strategic investment in the company's business and future. The insiders' participation of $100,000 in this financing also hints at their confidence in Homerun Resources' financial growth in the context of investing in renewable energy technologies.
