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Homeland Nickel Terminates Participation in Benton Joint Venture

Homeland Nickel pivots to Oregon nickel laterite assets as it exits Newfoundland JV

By The Northwire Desk — AI Analysis Apr 06, 2026 · 08:30 SHL · 0.46 Homeland Nickel Inc.

Executive Summary

On April 6, 2026 Homeland Nickel announced termination of its participation in the joint venture with Benton Resources on the Great Burnt and South Pond properties in Newfoundland.
As of December 31, 2025 Homeland had incurred $2.20 M (26.49%) of the total $8.31 M JV exploration spend, while Benton bore $6.11 M (73.51%).
The company will redirect resources to advancing nine nickel laterite projects in Southern Oregon and to its existing option agreement with Patriot Nickel.
Homeland retains 11,477,000 common shares of Benton Resources (TSX‑V: BEX); its interest in the Newfoundland properties will become further diluted as Benton continues exploration without Homeland’s participation.

Material Impact

The termination aligns with the strategic shift announced in the November 13, 2025 Patriot Nickel agreement, which already signaled a focus on Oregon nickel laterite assets.
Financially, the JV represented a minority cost share; exiting frees up limited cash and marketable‑security holdings for core Oregon projects rather than representing a material loss of value.
No new financing, unexpected cash inflow, or game‑changing partnership is disclosed; the move is an expected follow‑on to previously stated priorities.
Therefore the news is routine‑positive: it reinforces the existing strategy without delivering a material surprise that would significantly re‑price the stock relative to its ~$103 M market cap.

SHL · Price

Company Overview

Homeland Nickel Inc. is a TSX‑V listed mineral exploration company (ticker SHL) focused on nickel laterite projects in Southern Oregon, USA, and copper/gold assets in Newfoundland via a joint venture with Benton Resources.
Its flagship asset is the Cleopatra property, which hosts a historical nickel laterite resource of 39.5 million tonnes at an average grade of 0.93 % Ni (measured & indicated) plus an inferred component.
The company also controls eight additional Oregon nickel laterite holdings (including Eight Dollar Mountain, Woodcock Mountain, Josephine Creek, Red Flat, Shamrock, Free & Easy, Mount Peavine, and Iron Mountain) and holds a portfolio of marketable securities in various junior mining companies.

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