Homeland Nickel sign MOU with Brazilian Nickel

Executive Summary

• Homeland Nickel Inc. entered a non‑binding memorandum of understanding with Brazilian Nickel Ltd. to jointly develop four Oregon nickel laterite properties (Red Flat, Cleopatra, Woodcock Mountain, Eight‑Dollar Mountain).
• The parties will cooperate on financing, technical studies, metallurgical development, ESG and CO₂ reduction strategies, with an eye toward a potential joint venture and commercial production.
• Brazilian Nickel is appointed as the exclusive development and processing partner for the Oregon assets for the term of the agreement.

Key Details

• Properties Covered: Red Flat, Cleopatra, Woodcock Mountain, Eight‑Dollar Mountain (southwestern Oregon).
• Agreement Type: Non‑binding MOU; exclusive collaboration on financing and technical advancement.
• Financing Plan: Joint pursuit of development financing from state agencies and private investors; no specific amounts disclosed.
• Technical Collaboration: Brazilian Nickel will lead metallurgical development, ESG and CO₂ reduction strategies, and compliance with international standards; Homeland Nickel will handle stakeholder engagement, permitting, geological evaluation, and mineral resource estimation.
• Exclusivity Clause: Brazilian Nickel may not acquire or partner on any other nickel laterite properties in Oregon or California during the agreement term.
• Potential Structure: Possibility of forming a joint venture to commercialize the assets after technical and economic studies are completed.
• CEO Quote: “Working with Brazilian Nickel will significantly enhance our ability to develop the Oregon properties into a leading source of nickel produced in the USA,” said Stephen Balch, CEO of Homeland Nickel.

Notable Quotes

• “Their expertise and practical experience in processing laterite make a perfect fit with our exploration capability and the substantial nickel laterite resources we are currently developing.” – Stephen Balch, CEO, Homeland Nickel.