Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the ‘Company’ or ‘Nine Mile’) is pleased to announce Certified Assay results for volcanogenic massive sulphide (VMS) mineralization collected from the pre-drill area on the Wedge VMS Project, in the world-famous Bathurst Mining Camp, New Brunswick, Canada (‘BMC’). Discovered in 1956, Cominco operated the Wedge mine between 1962 to 1968 producing 1.5 million tonnes of predominantly copper ore. At the time of closure, (crown pillar collapsed), only the upper portion of the deposit was mined. The expectation is that the lower 60% + remains untouched based upon recent drill testing and extends at depth with the 3D modeling.

TABLE 1: ALS Global Certified Assay Results

The assays were shipped to ALS Global in Moncton New Brunswick for preparation with final analysis of pulps conducted in Vancouver, British Columbia. The primary analytical method for the Wedge samples, as recommended after consultation with ALS staff, involves multi-element ICP analysis, method ME-ICP61a . When overlimit results are returned, ore grade analysis is triggered and conducted utilizing methods ME-OG62 and Cu-OG62. Gold analysis is treated separately by 30g Fire Assay and AA finish. QA /QC controls involve inserting standards in the samples stream at set intervals.

Samples 280370 and 280366 below (Figure 1) are examples of the massive Hi-Grade Copper sulphide mineralization The samples were collected in the small area highlighted in Figure 2, immediately to the west of the footings for the old hoist and the remains of the shaft. These are well-known landmarks.

FIGURE 1: HIGHLIGHTED SAMPLES

Sample 280370 (9.82% CuEq)

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Sample 280366 (15.21% CuEq)

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FIGURE 2: 2025 SAMPLE AREA

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Gary Lohman, Director, P.Geo., VP Exploration, stated ‘The surface samples collected along the western portion of Wedge reflects the copper rich nature of the Wedge. These samples were massive in character, fine grained, with basic Fe and Cu sulphide mineralogy like sections seen in recent drilling, especially drill hole WD-25-02 as reported on November 26, 2025. Early observations of drill core are encouraging, and we look forward to the reporting the drill results as soon as available from ALS Global.’

Patrick J. Cruickshank, MBA, CEO & Director, stated ‘The grade of these samples in our drill area is highly indicative of the quality of the asset and the potential of the economics of this mine. Our technology indicates that this asset is much bigger and potentially part of a regional clustering of the Massive Sulphides targets. Our Technical Team is working diligently to keep up with the drill team on our current program. Our Team is logging, measuring, photographing, sampling, cutting, and sending to the Labs for assay processing. We are focused on executing this as soon as possible to get the results into the pipeline and back as fast as we can. We are currently completing the summary of DDH #3 and will announce our findings expeditiously.’

Qualified Person 

The technical content of this news release pertaining to the Wedge Project was reviewed and approved by Gary Lohman, P.Geo., a non-independent qualified person as defined by National Instrument 43-101.

Copper Equivalent (Cu-Eq) for these surface grab samples is calculated based on December 16, 2025, pricing: US$ 5.35/lb Cu, US$ 0.88/lb Pb, US$ 1.38/lb Zn, US$ 63.97/oz Ag, and US$ 4333.15/oz Au, with 80% metallurgical recoveries assumed for all metals. Since it is unclear which metals will be the principal products, assuming different recoveries is premature at this stage. Therefore, an 80% recovery rate is justified.

About Nine Mile Metals Ltd.:
Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East – West) Project and the Wedge VMS Project. The Company is focused on exploration of Minerals for Technology (MFT), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as ‘will,’ ‘may,’ ‘would,’ ‘expect,’ ‘intend,’ ‘plan,’ ‘seek,’ ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘predict,’ ‘potential,’ ‘continue,’ ‘likely,’ ‘could’ and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values, (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) 506-804-6117
www.ninemilemetals.com

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Nuvau Minerals Inc. (TSXV: NMC,OTC:NMCPF) is pleased to announce it has entered into a six-month agreement with Bunt Capital Corporation (‘Bunt Capital’), based in Toronto, Ontario, to provide investor relations services to the Company. Bunt is a full-service marketing and consulting services company focused on the junior metals and mining sector. Bunt will communicate directly with existing shareholders, analysts and prospective investors. Under the agreement, Bunt Capital will provide investor relations and capital-markets advisory services, including institutional and family-office outreach and coordination of non-deal roadshows.

The Company will pay Bunt Capital C$15,000 per month plus applicable taxes, invoiced monthly in arrears, from working capital, for a total of C$90,000 plus taxes over the six-month term. Bunt may from time to time acquire or dispose of securities of the Company through the market, privately or otherwise, as circumstances or market conditions warrant. Bunt has also agreed to the Company’s insider trading policy and will observe the Company’s trading blackouts. Bunt and its affiliates are at arm’s length to the Company and have no other relationship with the Company, except pursuant to the engagement agreement. The engagement is subject to acceptance of the TSX Venture Exchange.

About Nuvau Minerals Inc.

Nuvau is a Canadian mining company focused on the Abitibi Region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.

Cautionary Statements

This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning , the potential of the Matagami Property. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278331

(TheNewswire)

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

TORONTO, ONTARIO (December 17, 2025) TheNewswire – Laurion Mineral Exploration Inc. (TSX.V: LME|OTC: LMEFF|FSE: 5YD) (‘LAURION’ or the ‘Corporation’) today announced that it is proposing to complete a flow-through private placement on a non-brokered basis (the ‘Private Placement’). The Corporation intends to raise up to approximately $1.6 million in gross proceeds by issuing up to approximately 4,848,485 ‘flow through’ units (‘FT Units’) at a price of $0.33 per FT Unit.

Each FT Unit will consist of one common share of the Corporation to be issued as a ‘flow-through share’ (as defined in subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act‘)) and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant will entitle the holder thereof to acquire one non flow-through common share of the Corporation at a price of $0.39 per share for a period of 24 months from the date of issuance.

The gross proceeds raised from the FT Units will be used to incur eligible ‘Canadian exploration expenses’ (‘CEE‘) at the Corporation’s flagship Ishkõday Project that qualify as ‘flow-through mining expenditures’, as such terms are defined in the Tax Act. LAURION intends to allocate the proceeds from the Private Placement to advance the Corporation’s 2026 drill program on the Ishkõday property, focusing on the gold and base metal A-Zone to the McLeod and CRK corridor (approximately 1.9 km strike) and the proximal orogenic Sturgeon River Mine area, located within the 6.0 x 2.5 km mineralized corridor. The program will include systematic in-fill and step-out drilling to define continuity of known mineralized envelopes and test depth and strike extensions where mineralization converges. LAURION’s exploration strategy aims to build resource potential within the A-Zone and Sturgeon River Mine corridors.

The closing of the Private Placement, as well as the payment of any finders’ fees in connection therewith, are subject to the approval of the TSX Venture Exchange (the ‘TSXV‘). The Corporation intends to close the Private Placement on or about December 19, 2025, subject to receipt of all necessary regulatory approvals. In connection with the Private Placement, the Corporation may pay finders’ fees. All securities issued pursuant to the Private Placement will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws.

Qualified Person

The technical contents of this release were reviewed and approved by Jean-Philippe Paiement, PGeo, MSc, a consultant to LAURION and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About LAURION Mineral Exploration Inc.

The Corporation is a mid-stage junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 274,097,283 outstanding shares, of which approximately 73.6% are owned and controlled by insiders who are eligible investors under the ‘Friends and Family’ categories.

LAURION’s emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57 km2 Ishkõday Project, and its gold-rich polymetallic mineralization.

LAURION’s chief priority remains maximizing shareholder value. A large portion of the Corporation’s focus in this regard falls within the scope of its mineral exploration activities and more specifically, advancing the Ishkõday Project. A consequence of LAURION’s success and advancement over the past several years is that the Corporation has become positioned as an acquisition target for appropriate potential acquirors. Accordingly, the Corporation’s Board of Directors is aware that possible strategic alternatives and transactional opportunities may arise and/or could be procured in the short or medium terms. The Corporation will promptly issue a press release if any material change occurs.

FOR FURTHER INFORMATION, CONTACT:

LAURION Mineral Exploration Inc.

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186 Fax: 1-705-805-9256

Douglas Vass – Investor Relations Consultant

Email: info@laurion.ca

Website: http://www.LAURION.ca

Follow us on: X (@LAURION_LME), Instagram (laurionmineral) and LinkedIn ()

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation’s current expectations regarding future events including with respect to LAURION’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, the completion of the Private Placement, the anticipated size, timing and use of proceeds of the Private Placement, the finders’ fees that may be paid by the Corporation in connection with the Private Placement, the Corporation’s ability to advance, expand and/or develop the Ishkõday Project, the nature, focus, timing and potential results of the Corporation’s exploration, drilling and prospecting activities in 2025 and beyond, including the Corporation’s 2026 drill program described in this press release, and any possible strategic alternatives and transactional opportunities that may arise and/or could be procured in the future with respect to the Corporation. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSXV not providing its approval for the Private Placement (including the payment of finders’ fees in connection therewith) or any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, future prices of gold and/or other metals, and those factors disclosed in the Corporation’s publicly filed documents. Investors should consult the Corporation’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature, are not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in this press release.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the ‘Company’ or ‘Bold’) is pleased to announce a non-brokered private placement offering of up to 6,000,000 working capital units (the ‘WC Units’) of the Company at a price of $0.08 per WC unit for up to $480,000 and up to 6,500,000 Flow Through units (the ‘FT Units’) at a price of $0.09 per FT Unit for up to $585,000 both of which constitute the ‘Offering.’

The Offering

Each WC Unit comprises one (1) common share of the Company priced at $0.08 and one full common share purchase warrant (a ‘WC Warrant‘) entitling the holder to acquire one (1) common share at a price of $0.12 until three years (36 months) following the closing of the Offering. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering.

Each FT Unit comprises one common share of the Company priced at $0.09 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a ‘FT Warrant‘) and $0.12 will acquire an additional common share until twenty-four (24) months following the closing of the Offering. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).

In connection with the Offering, the Company may pay a finder’s fee to qualified finders in consideration for their assistance with the Offering. The finder’s fees may be payable in cash and/or securities of Bold at the discretion of the Company and in accordance with the rules of the TSX Venture Exchange.

All securities to be issued pursuant to the Offering are subject to a statutory four (4) month and one (1) day hold period and regulatory approval.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278173

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that road improvement works benefiting the Company’s planned silica processing and solar glass industrial hub in Santa Maria Eterna, in the Municipality of Belmonte, State of Bahia, Brazil, are firmly underway.

The Santa Maria Eterna road project, connecting BA-274 and BA-982 and providing direct access to BR-101, the principal federal highway in the region, is being funded primarily by the Federal Government of Brazil through the Ministry of Transport, via the Union budget, with the State of Bahia acting as the executing entity. Recent field photographs provided to the Company show grading, compaction, material placement and water-truck operations along the Santa Maria Eterna corridor, confirming that road improvement activities have commenced on the segments that form the main logistics route to Homerun’s Santa Maria Eterna silica project.

Figure 1 & 2. Road construction underway along BA-982 SME District

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The 2026 draft federal budget (PLOA 2026) includes a specific road construction line item, ‘BA-274 (Santa Maria Eterna) – Entr. BA-275(A) (Itapebi)’, under code 1C09 – Construction of road section, within the Ministry of Transport’s investment program, with an allocated amount of R$15 million. This classification indicates that the initiative is financed predominantly with federal fiscal-budget resources (‘recursos próprios’ of the federal treasury). While this BA-274 / BA-275 – Santa Maria Eterna item is not described in public documents as being exclusively or formally dedicated to Homerun’s future solar glass plant, the route directly services the Santa Maria Eterna district and is highly supportive of the Company’s long-term industrial development plans.

EXECUTION OF INFRASTRUCTURE COMMITMENTS UNDER THE MOU

As disclosed on May 13^th, 2025 (News here), Homerun is party to a memorandum of understanding (‘MoU’) with CBPM (Bahia’s state geological service and mineral assets company), Bahia state government entities, the Municipality of Belmonte and Bahiagás to advance the development of a silica processing plant and a large-scale solar glass factory in Santa Maria Eterna. Local municipal decrees and coverage of this MoU reference obligations that include land for the industrial site, as well as commitments to improve infrastructure and logistics access to the district, which implicitly encompasses road access to BR-101. This comes after Homerun’s December 15^th news release stating the Municipality of Belmonte’s commitment and allocation of funding to the paving of approximately 5km of road connecting Santa Maria Eterna to BR-101, the main federal highway in the region.

The commencement of construction on the BA-274 / BA-982 connection is an important early demonstration of this institutional support. The works now underway materially improve all-weather access between Santa Maria Eterna and BR-101, reduce future haulage risk and logistics costs for potential silica and solar glass operations, and visibly anchor the region’s transition toward an industrial hub based on high-purity silica and advanced glass manufacturing.

About Homerun (www.homerunresources.com / www.homerunenergy.com)

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.

• Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.

• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.

• ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278205

KEY HIGHLIGHTS:

• Homerun can use the surface rights as collateral in project financing, independently secure permits and licenses, and is protected against changes in land ownership.
• The Municipality of Belmonte provides commitment of funding allocation for paving of approx. 5km of road connecting Santa Maria Eterna to BR-101, the main federal highway in the region in support of Homerun’s project sites.

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that it has signed a definitive surface rights agreement (the ‘Agreement’) over the CENTRO INDUSTRIAL SÃO JOSÉ DA SILICA, located in the Municipality of Belmonte, Bahia, Brazil, in the district of Santa Maria Eterna (‘SME’), for the installation of Homerun’s silica processing plant and solar glass manufacturing facility. The Agreement covers a total area of 64 hectares and is directly contiguous to both BA982 and the Company’s SME Silica resources in the SME Silica Sand District.

The Agreement grants Actual Surface Rights (Direito Real de Superfície / Surface Rights) to Homerun under the terms of Articles 1,369 to 1,377 of the Brazilian Civil Code, and ensures irrevocable transfer of those Surface Rights over the property to Homerun, and once registered on the land’s public deed, ensures total legal security in favor of Homerun, regardless of any eventual transition of ownership of the underlying property by the landowners.

The specific purpose for the granting of those Surface Rights is for the construction of an industrial complex for the manufacture of processed silica and solar glass and correlated products, storage, logistics, research and development, commercial and supporting activities, and any other activity needed for the proper development of Homerun’s industrial projects.

This Agreement replaces the planned donation of the same land previously authorized by the Municipality of Belmonte. This replacement relieves Homerun of the obligations under the MoU, eliminating any risk of having to return of the land to the Municipality, if those Homerun obligations were not met.

In addition to this agreement, Homerun has received a letter of support from the Municipality of Belmonte represented by Mr. Iêdo José Menezes Elias, reaffirming its commitment to support the development of Homerun Resources Inc.’s silica sand project, located in the district of Santa Maria Eterna. As part of this commitment, the Municipality will allocate up to USD $400,000 toward infrastructure improvements related to the project including the completion of the executive project for the paving of approximately 5km of road connecting Santa Maria Eterna to BR-101, the main federal highway in the region. This initiative is part of a broader program led by the Bahia State Secretariat of Infrastructure (SEINFRA).

Brian Leeners, CEO of Homerun stated, ‘We wish to thank the parties to the original MoU and the landowner for helping to get this key deliverable completed in a timely manner before the pending receipt of our Bankable Feasibility Study and Financing of the Industrial Plants. We continue to work with the parties to the original MoU to facilitate the further items under the MoU, including the utilities and the Municipality of Belmonte’s financial support toward the development of infrastructure. The signing of this new Agreement aligns with the execution of the Company’s strategy to develop and construct Homerun’s Silica Processing and Solar Glass Manufacturing facilities, in the Municipality of Belmonte, ensuring the establishment of the entire silica value chain, from resource to extraction to processing to high value-added final product at the Santa Maria Eterna site, maximizing both the socioeconomic and environmental benefits for the people of the State of Bahia.’

Figure 1 – Map of Fazenda São José

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The preliminary area of Homerun’s Surface Rights is shown in Figure 1 and will be reviewed and can be modified if needed in an amended common agreement between the parties. Homerun has full access to the area immediately.

The Agreement is valid for 99 years from the date of the registration in the land’s deed. This term will be automatically renewed for an additional 99 years, unless either of the parties manifest otherwise 5 years before the original expiration date.

The compensation payments will begin in 2027, with one fixed payment of R$ 60,000 due on June 30, 2027. Starting in January of 2028, there will be monthly payments of R$ 50,000 subject to the caveat that if no plant construction has started by January 2028 for reasons beyond Homerun’s control, the payment will be reduced by fifty percent until construction starts. The amounts will be updated annually using the IPCA index (inflation adjustment).

Among the Surface Rights secured through this Agreement, Homerun is entitled to offer the Surface Rights as collateral in financing and Homerun can obtain licenses and permits without any input or interference by or from the landowners. Homerun also becomes responsible for all costs, including taxes, affecting the land. In the situation where the landowners decide to sell, lease, exchange, donate, or perform any transaction with the property, Homerun has the right of first refusal.

About Homerun (www.homerunresources.com / www.homerunenergy.com)

Homerun is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
• Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
• Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets—creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

On behalf of the Board of Directors of
Homerun Resources Inc.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278042