Homeland Provides Exploration and Corporate Update

Homeland Nickel Inc. (SHL) closed a previously announced non-brokered private placement of 8,000,000 units at C$0.38 per unit, raising C$3,040,000 in gross proceeds. Insiders subscribed to approximately 5.8% of the units, subject to a four-month hold period.

The company finalized a strategic restructuring with RAB Capital, exchanging common stock for cash milestone payments and acquiring all Net Smelter Return (NSR) rights on its Oregon properties. This restructuring facilitates a target Preliminary Economic Assessment (PEA) for Q4 2026, roughly one year ahead of schedule.

At the Red Flat Nickel Project, the U.S. Forest Service accepted the Plan of Operation for a sonic drill program, with environmental and cultural reviews complete. Additionally, historical data for the Cleopatra and Red Flat projects was recompilated into searchable databases, enabling updated Mineral Resource Estimates in SK-1300 and NI 43-101 formats without additional field work.

Homeland Nickel Inc. also secured a marketing engagement with AI Power Marketing Ltd. for C$20,000 to produce a video interview with the CEO.

Homeland Nickel Inc. (SHL) announced the closure of its financing and the restructuring of its net smelter return (NSR) obligations on August 24 and August 26, 2026, respectively. The market had already priced in the capital raise and the strategic shift to eliminate milestone payments. Eliminating the C$7.5 million milestone payment obligation to RAB Capital improves near-term cash flow and removes a significant balance sheet overhang.

The company also accelerated its preliminary economic assessment (PEA) to Q4 2026. This operational improvement relies on administrative data recompilation rather than new drilling or metallurgical test work. Additionally, the U.S. Forest Service (USFS) accepted the Plan of Operation, a standard permitting milestone expected following the May 2026 environmental studies. The release confirms the execution of previously disclosed transactions, providing incremental clarity on the project timeline without introducing fundamentally new value drivers or surprise catalysts.

Homeland Nickel Inc. (SHL) is a Canadian exploration company focused on nickel laterite assets in Southern Oregon, positioning itself as a domestic U.S. supply chain player. The company has consolidated nine nickel laterite properties in Oregon, aiming to streamline exploration and development under a single operational framework.

The flagship Cleopatra Property holds a historical resource of approximately 39.5 million tonnes grading 0.93% nickel, representing one of the largest undeveloped nickel laterite resources in the continental U.S. The Red Flat Property contains a historical resource of 18.8 million tonnes grading 0.84% nickel.

Strategic partnerships with Patriot Nickel, Westwin Elements, and Brazilian Nickel aim to advance metallurgical testing, refining capabilities, and U.S. market integration.