Homerun Resources Inc. Seeks Authorization for a $3 Million Funding Plan; Updates Status on $6 Million Institutional Financing Arrangement
Homerun Resources Secures Multiple Financings for Energy Storage and Solar Projects
Homerun Resources Inc., a Canadian company specializing in the development of solar technologies, has announced a series of significant financings to fund its projects and support its strategic minerals initiatives.
The company is partnering with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) on the development of the Enduring long-duration energy storage system. This collaboration marks a significant step towards Homerun Resources' goal of pioneering new solar technologies.
In a recent move, Homerun Resources has filed for approval of a $3 million private placement financing. Each unit in this placement, priced at $1.00, includes one common share and one warrant exercisable at CA$1.30 for 24 months. The first tranche of this financing, amounting to $1.568 million, is set to close soon, with insider participation of $100,000. Proceeds from this financing will be used for project payments, the development of Homerun Resources' projects, and general working capital. The placement also involves cash finder's fees of $28,455 and the issuance of 28,455 non-transferable broker warrants.
In addition, Homerun Resources is finalizing a $6 million institutional financing, currently under review by the Exchange. Details on the terms of this financing are pending final approval.
The company has also secured a joint support plan from Brazil's National Development Bank (BNDES) and innovation agency FINEP. This plan provides Homerun Resources with access to multiple financing options, including long-term credit lines, equity investments, and non-reimbursable funds via an $815 million strategic minerals initiative. These funding instruments offer substantial credit lines, long terms, various grace periods, and competitive interest rates.
Brian Leeners, CEO and Director of Homerun Resources Inc., can be contacted for more information. The company is also working with the European leader in the marketing, distribution, and sales of alternative energy solutions into the commercial and industrial segments (B2B).
Homerun Resources Inc. is commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions for energy capture, storage, and efficient energy use. The company is also building Latin America's first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility.
Homerun Resources maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations. The company continues to deliver shareholder value through strategic execution within the global energy transition.
For investor relations inquiries, please contact Tyler Muir.
[1] Homerun Resources Inc. Press Release, "Homerun Resources Announces $3 Million Private Placement," July 2025. [2] Homerun Resources Inc. Press Release, "Homerun Resources Secures $815 Million Joint Support Plan," July 2025. [3] Homerun Resources Inc. Press Release, "Homerun Resources Announces $6 Million Institutional Financing," July 2025. [4] Homerun Resources Inc. Press Release, "Homerun Resources to Build Latin America's First Dedicated Solar Glass Manufacturing Facility," July 2025.
Homerun Resources is utilizing the $3 million from a private placement financing for project payments, the development of their projects, and general working capital. The company is also finalizing a $6 million institutional financing to support their business operations.
