HOMERUN RES INC - HMRFF STOCK NEWS

Homerun Resources (TSXV: HMR) (OTCQB: HMRFF) has upsized and closed its non-brokered private placement, raising $2,177,570 through the issuance of 1,675,054 units. Each unit includes one common share and one warrant exercisable at $2.00 for 24 months. The company will pay $38,834 in finder's fees and issue 29,872 Broker Warrants. Proceeds will be allocated to: CBPM Lease Payment ($270,000), Guidoni Purchase Payment ($135,000), Research and Development ($243,000), and Operations & Business Development ($1,733,736).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced an upsizing of its previously announced private placement financing. The company has increased the offering from 769,231 units for $1,000,000 to 1,659,977 units for $2,157,970. Each unit, priced at $1.30, consists of one common share and one warrant exercisable at $2.00 for 24 months. The warrants are subject to acceleration if the company's shares trade at or above $3.00 for 10 consecutive trading days.

Proceeds will be used for general working capital and development of the company's HPQ silica projects. CEO Brian Leeners expressed delight with the support from shareholders. The financing includes participation from company insiders, constituting a related party transaction under MI 61-101, with the company relying on exemptions from valuation and minority shareholder approval requirements.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced a non-brokered private placement financing to raise up to $1,000,000. The offering consists of up to 769,231 units priced at $1.30 per unit. Each unit includes one common share and one warrant, exercisable at $2.00 for 24 months. The company retains the right to accelerate warrant exercise if shares trade at or above $3.00 for 10 consecutive trading days.

Finders' fees may apply, subject to TSX Venture Exchange policies. All securities will have a four-month hold period. Proceeds will be used for general working capital and development of Homerun's HPQ silica projects within the global energy transition sector.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced the hiring of Joel Rovaris Ferrari as a specialized consultant to support the development of their solar glass plant feasibility study in Camaçari, Bahia, Brazil. Mr. Ferrari, a Brazilian industrial manager with over 25 years of experience in solar energy, ceramics, and industrial chemistry, will focus on gathering information about supply costs, energy, labor, and raw materials in the region to calculate the Cost of Goods Sold (COGS) for the manufacturing plant.

This hire aligns with Homerun's Phase 3 Business Plan Roadmap and their partnership with Companhia Baiana de Pesquisa Mineral (CBPM) under a 40-year lease agreement. The project aims to add vertical market value to the Belmonte High Purity Silica Sand asset and meet the growing demand for raw materials in clean and renewable energy sources.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has announced plans to build Latin America's first dedicated solar glass manufacturing facility with a daily production capacity of 1000 tonnes of low-iron solar glass. The company received a 173-page Budgetary Offer from HORN Glass Industries AG for the project.

Key highlights include:

• CAPEX of EURO 151.5 million for the facility
• Production of ultra-clear solar glass with low iron content
• Advanced control and automation systems
• High energy efficiency and low emissions design

Homerun is evaluating potential sites in Camacari, Bahia, Brazil. The project has received strong support from Bahia government officials, including the Secretary of State for Economic Development and the President of CBPM. This initiative aligns with Brazil's goals to reduce dependence on Chinese imports and boost local industry in the renewable energy sector.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has outlined its logistical plan for extracting and shipping high-purity quartz (HPQ) silica sand from deposits in Belmonte, Bahia, Brazil to domestic and international markets. The plan, developed over 9 months, is part of Phase 2 of the company's Business Plan Roadmap and aligns with its 40-year lease agreement with Companhia Baiana de Pesquisa Mineral (CBPM).

The company is focusing on partnerships to minimize CAPEX and accelerate time to cashflow. Key elements of the plan include:

• Surface extraction using front-end loaders
• Initial processing through sieving and washing
• Transportation to the Port of Ilhéus
• Shipping options to overseas customers or domestic ports for further processing
• Potential future use of a private sea terminal in Belmonte

Homerun aims to finalize agreements with service providers and will announce further details as they are confirmed.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has completed its comprehensive MRE auger drilling and sampling program at the Belmonte high-purity silica deposit in Bahia, Brazil. The program, which began on May 22nd, 2024, concluded on September 16, 2024, with 254 auger holes drilled for a total of 2,565 metres, exceeding the initial forecast by 565 m while staying within budget. All samples have been sent to SGS for analysis using the ICM42Q assay method. The company aims to use this data to issue a 43-101 compliant Mineral Resource Estimate (MRE). This program is part of Homerun's 40-year lease agreement with Companhia Baiana de Pesquisa Mineral (CBPM).

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has delivered a quartz silica sample from its Tatooine Project in British Columbia, Canada to the University of California - Davis for testing. The university's Department of Materials Science and Engineering will conduct innovative mechanical and thermal efforts to explore purification methods for the natural Canadian quartz silica. The research aims to utilize Homerun's proprietary advanced femtosecond laser techniques to upgrade the raw material.

The goal is to reduce impurities in the quartz sand, potentially achieving silica quartz grades of at least 99.99% purity. This process is expected to result in minimal workpiece distortion, rapid processing, and a significantly reduced carbon footprint for silica processing. The purified silica will be prepared for reduction to silicon and subsequent use in silicon carbide applications.

Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) has signed a 12-month service agreement with TMM Capital Advisory, effective August 1, 2024. TMM will provide investor relations, marketing, and communications strategies for Homerun, including managing shareholder communications, organizing investor presentations, handling media relations, and managing website and social media content. The agreement, subject to regulatory approvals, involves a monthly fee of CA$15,000.

CEO Brian Leeners expressed excitement about the collaboration, emphasizing TMM's understanding of capital markets and tailored strategies to enhance shareholder value. Tyler Muir, President of TMM Capital Advisory, highlighted Homerun's potential in the energy and critical materials sectors, emphasizing their commitment to operational excellence and sustainability.