Seafront Resources Corporation (SPM) was originally incorporated on April 16, 1970 as an oil exploration and production company. On October 18, 1996, the Company changed its primary purpose into a holding company, with oil exploration and production business as one of its secondary purposes.
SPM holds an interest in Hermosa Ecozone Development Corporation, a company that develops certain land areas for mixed-use purposes in Bataan.
On August 14, 2015, the Company and YH Energy, Inc. (YHEI) signed a lease agreement for 25 years at a lease rate of P10 million per annum subject to escalation of 10% every five years for a total of 25 hectares. YHEI will use the property for its solar project.