17:10:57 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
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Homeland Nickel Inc
Symbol SHL
Shares Issued 221,146,802
Close 2025-08-18 C$ 0.095
Market Cap C$ 21,008,946
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Homeland Nickel receives Red Flat surface determination

2025-08-18 18:25 ET - News Release

Mr. Stephen Balch reports

HOMELAND NICKEL EXPLORATION UPDATE AT RED FLAT AND PROPERTY ACQUISITION

Homeland Nickel Inc. has received a surface use determination from the Forest Service regarding its proposed plan of operation to drill 44 sonic holes at its wholly owned Red Flat nickel laterite project, located in Southern Oregon, 12 kilometres inland from the community of Gold Beach. The company has also staked several mining claims over known nickel laterite at Woodcock Mountain.

Red Flat exploration update

The SUD completed by the Forest Service has approved all 44 sonic holes subject to certain conditions that the company finds reasonable, including moving the location of one hole by 30 feet and a request for independent sampling, to confirm Homeland Nickel's drill program results.

The next step will be to visit with the Forest Service ranger based in Gold Beach (tentatively scheduled for early September) and to complete a National Environmental Policy Act review that will address the company's plans to drill to bedrock where its depth is less than 50 feet below surface.

Commenting on the approval, president and chief executive officer Steve Balch said: "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."

New mining claims at Woodcock Mountain

Homeland Nickel has also staked several mining claims at Woodcock Mountain (196 mining claims totalling 4,050 acres), an area previously identified by the United States Geological Survey as having significant concentrations of nickel laterite. Woodcock Mountain is located within the same geological formation as Cleopatra, Red Flat and Eight Dollar Mountain, and is located seven kilometres west of Cave Junction, approximately 12 km south of Eight Dollar.

Commenting on the staking, Mr. Balch continued: "With Woodcock Mountain, we now have four large properties to explore, all with significant nickel laterite exposures. Woodcock Mountain has several historical assays over 1.0 per cent nickel, including a 15-foot interval that graded 1.5 per cent nickel. Both Eight Dollar and Woodcock Mountain are located outside the withdraw area in Southern Oregon and should be easier to permit. We will push our exploration efforts on all four properties with the goal of defining resources as expeditiously as possible."

Qualified person

Stephen J. Balch (BSc, PGeo No. 2250 -- Ontario), president and chief executive officer of Homeland Nickel, a qualified person within the meaning of National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved its technical content on behalf of the company.

About Homeland Nickel Inc.

Homeland Nickel is a Canadian-based mineral exploration company focused on critical metal resources with nickel projects in Oregon, United States, and copper and gold projects in Newfoundland, Canada. The company holds a significant portfolio of mining securities including 1,995,000 shares of Canada Nickel Company Inc., 9.96 million shares of Noble Mineral Exploration Inc., 11,522,000 shares of Benton Resources Inc., 81,150 shares of Vinland Lithium Inc. and 2,761,000 shares of Magna Terra Minerals Inc. Homeland Nickel's common shares trade on the TSX Venture Exchange under the symbol SHL.

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