Patriot and Homeland Announce Airborne LIDAR and Magnetometer Surveys at Cleopatra and Red Flat Nickel Properties
Homeland permits nickel surveys in Oregon while cash burn necessitates an immediate capital raise to sustain operations.
Homeland Nickel Inc. (SHL) and Patriot Nickel have received US Forest Service permits to conduct drone-based airborne LIDAR and magnetometer surveys at the Cleopatra and Red Flat nickel laterite properties in southwestern Oregon. The surveys are scheduled for Q3 2026 and will map geologic structure, serpentinization, topography, and the extent of nickel laterite deposits.
The data is intended to refine nickel laterite estimates and build a geologic model to support a bankable feasibility study (BFS) and eventual development. Operations will be conducted without personnel or heavy equipment on mountain areas to maintain environmental compliance within the Siskiyou National Forest. The Cleopatra Property holds a historical resource of approximately 40 Mt grading 0.9% nickel, described as the largest historical undeveloped nickel resource in the continental US.
Homeland Nickel Inc. (SHL) has reached a routine permitting milestone that aligns with its previously announced 2026 exploration and environmental review timeline. The company is shifting to drone-based surveys, a method chosen to gather high-resolution geophysical data with minimal ground disturbance and to avoid extensive on-site permitting delays.
This development does not materially alter the company’s capital requirements, development timeline, or financial outlook. The definitive feasibility study (BFS) remains targeted for 2027, and Homeland Nickel’s cash position remains critically low. The news is considered incremental and expected, confirming progress toward resource definition without introducing new valuation drivers or immediate revenue catalysts.
Homeland Nickel Inc. (SHL) is a Canadian-based mineral exploration company focused on nickel laterite projects in Oregon, USA. Its flagship asset is the Cleopatra Property, located in the Josephine Ophiolite formation, which holds a historical resource of approximately 40 million tonnes at 0.9% nickel.
The company’s portfolio includes nickel laterite exposures in southwestern Oregon, specifically the Red Flat, Woodcock Mountain, Eight Dollar Mountain, Josephine Creek, and Rough and Ready properties. Management is aiming to complete a bankable feasibility study (BFS) by 2027 by consolidating assets in the region to create a contiguous project. The company is led by CEO Steve Balch, with Jeffrey Strobel appointed as CEO of the subsidiary Patriot Nickel.