- Homerun Resources (HMR) has executed an option agreement, paid the $7,500 cash payment and issued the first tranche of 250,000 common shares
- This was done under the option to purchase a 100-per-cent interest in the Tatooine Silica Project in British Columbia
- The company has also commenced a non-brokered flow-through private placement financing for aggregate gross proceeds of up to $400,000
- Furthermore, the company has kicked off a non-brokered private placement financing for aggregate gross proceeds of up to $600,000
- Homerun Resources Inc is engaged in the exploration and development of minerals
- Homerun Resources Inc. was unchanged at $0.13 at 11:46 AM ET
Homerun Resources (HMR) has executed an option agreement, paid the $7,500 cash payment and issued the first tranche of 250,000 common shares.
This was done under the option to purchase a 100-per-cent interest in the Tatooine Silica Project in British Columbia.
The Tatooine Silica Project adds to the company’s Americas-based portfolio of advanced-stage projects in the critical elements and energy metals sector.
These markets are experiencing increasing demand from decarbonization and electrification and significant disruptions caused by tariffs and geopolitical events that are transitioning supply chains to a more regional focus.
The immediate focus of the Tatooine Silica Project will be to sample and test the silica for its application in silica products through to high-purity, silicon-based solutions.
High-purity silica is the input material for many value-added products in the semiconductor, solar, battery and other advanced materials industries.
In addition, the company has commenced a non-brokered flow-through private placement financing for aggregate gross proceeds of up to $400,000.
The financing will consist of up to two million flow-through units at 20 cents per unit.
Each flow-through unit consists of one flow-through common share of the company and one common share purchase warrant, with each warrant being exercisable for an additional common share of the company at an exercise price of 30 cents for 12 months.
Furthermore, the company has kicked off a non-brokered private placement financing for aggregate gross proceeds of up to $600,000.
The financing will consist of up to four million units at 15 cents, each unit consisting of one common share of the company and one common share purchase warrant, with each warrant being exercisable for an additional common share at an exercise price of 25 cents for 12 months.
The company plans to use proceeds raised from this financing for exploration of the ZM Project in Brazil and for working capital expenditures.
The company has also terminated the option agreement dated December 10, 2020, on the Homathko claims in British Columbia.
Homerun Resources Inc is engaged in the exploration and development of minerals.
Homerun Resources Inc. was unchanged at $0.13 at 11:46 AM ET.
