Homerun Resources closes $3.1m private placement financing

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has closed the second and final tranche of its private placement financing, raising total gross proceeds of $3,128,384, according to a company statement.

The company issued 3,128,384 units at $1.00 per unit across two tranches. Each unit consists of one common share and one warrant exercisable at CA$1.30 for 24 months. The warrants include an acceleration clause allowing the company to shorten the exercise period if shares close at or above CA$2 for 10 consecutive trading days.

The final tranche raised $1,560,384 and issued 1,560,384 units. The company has filed documents with the TSX Venture Exchange seeking final approval of the financing.

Homerun will use the proceeds for project payments, continuing development of its projects and general working capital. The company will pay cash finder's fees of $31,150 and issue 31,150 non-transferable broker warrants upon exchange approval.

All securities issued are subject to a four-month and one-day hold period. The financing follows previous announcements made in July, September and October 2025.

Homerun operates across silica, solar, energy storage and energy solutions verticals, anchored by a silica resource in Bahia, Brazil.

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