Business
Homerun Resources Inc. Receives Conditional Approval from the TSXV for $6 Million Financing with Institutional Investor
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - Homerun Resources Inc. ...
About this update from Homerun Resources Inc.
[{"type":"text","content":"Homerun Resources Inc. Receives Conditional Approval from the TSXV for $6 Million Financing with Institutional InvestorVancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) (\"Homerun\" or the \"Company\") is pleased to announce that it has received TSXV conditional approval for its previously announced financing, originally announced on June 16, 2025, with an arm's length institutional investor, Sorbie Bornholm LP (the \"Investor\") in connection with a proposed financing for CDN$6,000,000.00 (the \"Offering\") at a price of $1.00 per unit (\"Unit\"). The Offering will consist of the issuance of 6,000,000 Units. Each Unit shall be comprised of one (1) common share (\"Shares\") of the Company and one (1) common share purchase warrant (\"Warrants\"). The proceeds from the Offering will be used to advance the Company's vertically integrated silica to solar and energy storage business, supporting business development and scaling of revenues and for general working capital purposes. Brian Leeners, CEO of Homerun stated, \"We are thrilled to welcome this particular Institutional Investor as they have chosen Homerun to be their inaugural investment with a company trading on the TSX Venture Exchange. Their innovative investment model provides capital over 24 months keeping our team focused on the execution of our plans and deliverables. We have confidence that this financing based on its unique model, will provide capital premiums to the original financing amount over that 24-month period as we continue to de-risk our business and transition into a high-growth, revenue-generating Company with exceptional long-term potential.\"Sorbie Bornholm Managing Director Whitney Kofford commented, \"Sorbie is proud to announce this new investment in Homerun Resources and to provide Homerun with flexible, growth-linked capital over the next two years through our unique Sharing Agreement. The global energy transition requires bold thinking and the ability to execute on transformative ideas. Homerun's integrated strategy for high-purity silica and advanced energy solutions is a prime example of just that - innovation meeting opportunity. We applaud Homerun's consistent track record of hard work and determination, and we look forward to supporting the Company over the longe...