Northwire Canada EditionTuesday, September 22, 2026
Northwire
GOLD 4357.50 −0.6% SILVER 66.06 −0.5% COPPER 6.84 +1.1% OIL 91.21 −1.3% PALLADIUM 1306.50 −0.8% CNT 0.040 +0.0% DNG 5.42 +1.5% GFG 0.235 +0.0% NTH 0.165 +0.0% REE 0.030 −14.3% AZT 0.380 +2.7% KLDC 0.380 +0.0% SML 0.040 +0.0% SRC 1.64 −5.8% MGG 0.325 +3.2% HMR 0.590 −1.7% VCG 1.40 +0.0% KNG 1.13 +1.8% MINE 0.130 +0.0% AEF 0.160 +0.0% MTT 0.270 +0.0% GOLD 4357.50 −0.6% SILVER 66.06 −0.5% COPPER 6.84 +1.1% OIL 91.21 −1.3% PALLADIUM 1306.50 −0.8% CNT 0.040 +0.0% DNG 5.42 +1.5% GFG 0.235 +0.0% NTH 0.165 +0.0% REE 0.030 −14.3% AZT 0.380 +2.7% KLDC 0.380 +0.0% SML 0.040 +0.0% SRC 1.64 −5.8% MGG 0.325 +3.2% HMR 0.590 −1.7% VCG 1.40 +0.0% KNG 1.13 +1.8% MINE 0.130 +0.0% AEF 0.160 +0.0% MTT 0.270 +0.0%
M&A / Property

Homeland Nickel sign MOU with Brazilian Nickel

SHL · Price

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.
Read the original news release →

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