Homeland Nickel receives Red Flat surface determination

Executive Summary

• The U.S. Forest Service issued a Surface Use Determination (SUD) approving Homeland Nickel’s plan to drill 44 sonic holes at the Red Flat nickel laterite project, subject to minor condition adjustments.
• Homeland Nickel staked 196 mining claims covering 4,050 acres on Woodcock Mountain, an area with historic nickel‑laterite assays exceeding 1.0 % Ni.
• Management indicated intent to commence drilling in early fall 2025 pending NEPA review and to advance exploration across four key properties in Southern Oregon.

Key Details

• Red Flat SUD Approval: All 44 planned sonic holes approved; one hole location shifted by 30 ft; Forest Service requested independent sampling to verify drill results.
• Next Steps for Red Flat: Meeting with Gold Beach ranger (target early September) and completion of NEPA review for drilling to bedrock where depth < 50 ft.
• Drill Timeline Outlook: Company aims to start drilling in early fall 2025, contingent on expedited NEPA evaluation.
• Woodcock Mountain Claims: 196 mining claims staked, totaling 4,050 acres; located within the same geological formation as Cleopatra, Red Flat, and Eight Dollar Mountain, ~7 km west of Cave Junction.
• Historical Assays (Woodcock): Several assays > 1.0 % Ni, including a 15‑ft interval grading 1.5 % Ni.
• Strategic Significance: Woodcock Mountain lies outside the withdrawal area, facilitating permitting; adds to Homeland’s portfolio of four large nickel‑laterite properties in Southern Oregon.
• Qualified Person Statement: Stephen J. Balsh, President & CEO (BSc, PGeo No. 2250 – Ontario), qualified under NI 43‑101, verified and approved the technical content of this release.

Notable Quotes

“The Forest Service has approved our drill program subject to a NEPA evaluation. While we are very pleased with this result, we are unsure of the timeline for the NEPA evaluation but are hoping to complete the drill program in the early fall of 2025, if such an evaluation can be expedited.” – Steve Balch, President & CEO

“With Woodcock Mountain, we now have four large properties to explore, all with significant nickel laterite exposures… We will push our exploration efforts on all four properties with the goal of defining resources as expeditiously as possible.” – Steve Balch, President & CEO