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Homeland Nickel and Brazilian Nickel to Jointly Develop Nickel Laterite Properties in Oregon
(TheNewswire) Toronto, Ontario – TheNewswire - October 7, 2025 – Home...
About this update from Homeland Nickel Inc
[{"type":"text","content":"Homeland Nickel and Brazilian Nickel to Jointly Develop Nickel Laterite Properties in Oregon\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Toronto, Ontario –\n \n\n TheNewswire -\n \n\n October 7, 2025 – Homeland Nickel\nInc.\n \n\n (“\n \n\n Homeland Nickel\n \n\n ” or the “\n \n\n Company\n \n\n ”) (TSX-V:\nSHL, OTC: SRCGF) is pleased to announce it has entered into a\npreliminary agreement with Brazilian Nickel Limited (“\n \n\n Brazilian Nickel\n \n\n ”)\nto jointly advance the financing and development of nickel laterite\nproperties owned by Homeland Nickel in the State of Oregon,\nUSA.\n \n\n\n\n The two companies signed a memorandum of understanding\n(the “\n \n\n MOU\n \n\n ”) under which they will jointly seek development funding\nfrom state and private entities and work together on the technical\nadvancement of the properties beyond exploration.\n \n\n\n\n Homeland Nickel holds rights to four nickel laterite\nproperties located in southwest Oregon, known as Red Flat, Cleopatra,\nWoodcock Mountain and Eight-Dollar Mountain (collectively, the\n“\n \n\n Oregon\nProperties\n \n\n ”). The Company is actively\nadvancing the development of the properties through a series of\ngeological drilling programs, surface sampling and technical\nassessments.\n \n\n\n\n The two parties plan to collaborate on an exclusive\nbasis to seek funding and leverage Brazilian Nickel’s extensive\nexpertise in laterite heap leaching technology, including through a\npotential joint venture and the preparation of a coherent technical\nand strategic development program culminating in potential commercial\nproduction.\n \n\n\n\n “Working with Brazilian Nickel will significantly\nenhance our ability to develop the Oregon properties into a leading\nsource of nickel produced in the USA,” said Homeland Nickel’s CEO\nStephen Balch. “Their expertise and practical experience in\nprocessing laterite make a perfect fit with our exploration capability\nand the substantial nickel laterite resources we are currently\ndeveloping. They have tested the nickel recoveries at both Red Flat\nand Cleopatra in the past with positive results.”\n \n\n\n\n Under the non-binding agreement, Homeland Nickel and\nBrazilian Nickel will cooperate in...