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Homerun Resources Inc. Announces Commencement of Trading of Sponsored BDR's on the Brazil B3 Stock Exchange
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - Homerun Resources Inc. (TSXV:...
About this update from Homerun Resources Inc.
[{"type":"text","content":"Homerun Resources Inc. Announces Commencement of Trading of Sponsored BDR's on the Brazil B3 Stock ExchangeVancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (\"Homerun\" or the \"Company\"), a vertically integrated materials company advancing the Company's high-purity silica resources located in Belmonte, Bahia, Brazil, is pleased to announce that its Sponsored Brazilian Depositary Receipts (\"BDRs\") are now listed for trading on B3 S.A. - Brasil, Bolsa, Balcão (\"B3\"), Brazil's main stock exchange, under the:BDR TICKER: HMRN31ISIN BDR: BRHMRNBDR006RATIO: 1:1 (1 BDR = 1 COMMON)As of early 2026, the B3 (Brasil, Bolsa, Balcão) is ranked as the 20th largest stock exchange in the world by market capitalization. It is the premier stock exchange in South America, acting as the main financial hub for Brazilian securities.This marks a proud and important milestone for Homerun as it begins trading on the largest exchange in the country where its core operations and growth projects are located, creating a direct Brazilian capital markets presence for the Company's energy transition strategy.BDRS NOW TRADING ON BRAZIL'S MAIN EXCHANGEThe BDRs are issued under Homerun's previously announced Sponsored BDR Level 1 program with Banco B3 S.A. as depositary, with each BDR representing one common share of Homerun, which continues to trade on the TSX Venture Exchange under the symbol HMR (the \"Underlying Shares\"). The Underlying Shares corresponding to the BDRs are held in custody outside Brazil in an account designated for the program, and new BDRs are issued only when the depositary acquires and blocks the corresponding Underlying Shares.As qualified Brazilian investors purchase Homerun BDRs on B3, the depositary will source the Underlying Shares from the TSXV market (or from existing blocked inventory), effectively drawing on Homerun's Canadian-listed float. The BDR structure is designed to maintain economic and voting equivalence between the BDRs and the Underlying Shares, with price discovery linked through arbitrage between B3 and the TSXV.By listing on B3 via a Sponsored BDR program, Homerun aims to:Broaden and diversify its shareholder base in Brazil, including domestic institutional investors, family offices and high-net-worth individuals.Enhance visibili...