HOMERUN RESOURCES INC. ACQUISITION OF HALOCELL EUROPE FOR COMMERCIALIZATION OF PEROVSKITE SOLAR

Homerun Resources has signed a Binding Term Sheet dated December 12, 2024

HOMERUN RESOURCES INC. ACQUISITION OF HALOCELL EUROPE FOR COMMERCIALIZATION OF PEROVSKITE SOLAR Vancouver, B.C.: Homerun Resources Inc. (“Homerun” or the “Company”) (TSXV: HMR) (OTCQB: HMRFF) is pleased to announce that further to the Company’s News Release of May 6, 2024, Homerun has signed a Binding Term Sheet dated December 12, 2024 (the “Term Sheet”) with Halocell Energy Limited (Halocell Energy) and Halocell Europe SRL (Halocell Europe) that sets out the terms upon which Homerun agrees to purchase all of the issued and outstanding shares of Halocell Europe from Halocell Energy. Homerun is developing a vertically integrated business within the energy transition focused on the solar and energy storage sectors. Halocell is a recognized world leader in research and development of perovskite technology to produce perovskite solar cells. Perovskite solar cells have shown remarkable progress in recent years with rapid increases in solar conversion efficiency, from about 3% solar conversion efficiency in 2009 to over 25% solar conversion efficiency in 2023 (according to NREL-US Department of Energy). Halocell Europe has more than EUR 2.0 million in active grants for research and commercial development projects and has received more than EUR 5.0 million in grant contributions from various European institutions. Halocell Europe has 18 months of working capital coverage in place for current operations. Halocell Europe, as a subsidiary of Homerun, will continue to generate revenues from its current solutions and immediately focus on the commercialization of new Perovskite solutions. Brian Leeners, CEO of Homerun stated, “Over the past six months we have worked closely with the Halocell Europe senior management to advance a collaborative strategic plan focused on Perovskite on Glass as a natural extension for Homerun into the last mile of our Silica to Solar Vertical. Perovskite is the next generation of Solar and we are proud to now be positioned as one of the leading global participants in advancing the commercialization of Perovskite Solar. Further to the acquisition of Halocell Europe, our equity investment into Halocell Energy adds substantial value as we participate as a strategic shareholder in their focus on the commercialization of roll-to-roll Perovskite solutions in Australia.” Read Full News Release About Homerun Resources (https://homerunresources.com/) Homerun Resources is focused on the development of its business within the critical and energy materials sectors. With a steadfast commitment to operational excellence, sustainability, and building shareholder value, Homerun Resources Inc. is poised to make a lasting impact in these industries. On behalf of the Board of Directors of Homerun Resources Inc. “Brian Leeners” Brian Leeners, CEO & Director brianleeners@gmail.com / +1 604-862-4184 (WhatsApp) FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements”.   Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Follow Us On Facebook Twitter LinkedIn Youtube You are receiving this email as you signed up for our newsletters. Want to change how you receive these emails? You can Unsubscribe or Update your preferences