TORONTO — November 13, 2025 — Homeland Nickel Inc. (TSX-V: SHL, OTC: SRCGF) has announced a new partnership with Delaware-registered Patriot Nickel Corp., expanding its footprint in the United States through two major nickel projects in Oregon.
The collaboration marks a significant step in the growing “America First” critical-minerals strategy, reinforcing domestic sourcing for key metals used in batteries and clean-energy technologies.
Partnership Strengthens Homeland’s US Presence
Under the newly signed Mineral Rights Agreement, Homeland Nickel will option its Cleopatra Property and Eight Dollar Mountain Property to Patriot Nickel. In return, Homeland will receive 20 percent of Patriot’s common shares, staged cash payments totaling USD $1.25 million, and minimum exploration expenditures of USD $3 million over three years.
President and CEO Stephen Balch said the deal reflects Homeland’s commitment to leveraging U.S. capital and regulatory momentum. “Southern Oregon is the logical location for building a domestic nickel supply chain,” Balch stated. “This partnership connects American investment, expertise, and recognition with our world-class assets.”
Key Terms Of The Strategic Agreement
The transaction is considered arm’s-length and provides for a structured path toward production readiness:
- Homeland receives 20 % equity in Patriot Nickel
- USD $1.25 million in staged cash payments
- USD $3 million in exploration expenditures over 3 years
- Option for Patriot Nickel to earn an 80 % interest upon reaching pre-feasibility
- Homeland to remain Operator until joint-venture formation
- Patriot assumes 50 % of existing progress payments to RAB Capital (CAD $7.5 million)
Upon vesting of its 80 % interest, Patriot Nickel will become Operator at both properties under a joint-venture structure.
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Historical Resources Support Exploration Upside
The Cleopatra Property hosts a historical resource of 39.5 million tonnes @ 0.93 % nickel, originally reported in 2009 and validated by subsequent NI 43-101 reviews in 2023. Homeland retains complete assay documentation from the earlier sampling program conducted by ALS Chemex (Vancouver), an ISO/IEC 17025-certified laboratory.
The company plans to twin 10 % of original auger holes to update results and bring the resource into NI 43-101 compliance. Homeland will continue overseeing exploration activities until joint-venture transition.
Aligning With The US “America First” Minerals Push
Balch emphasized that the Patriot partnership aligns with Washington’s push to secure domestic sources of nickel and cobalt — metals essential for EV batteries, aerospace components, and renewable energy infrastructure.
“Homeland’s assets position the U.S. to compete in a global supply chain that is increasingly constrained by foreign dependencies,” he said. “By building local partnerships, we can drive investment while minimizing dilution for shareholders.”
Homeland’s Expanding Portfolio Of Critical-Metal Holdings
Beyond its Oregon projects, Homeland Nickel maintains exploration interests in Newfoundland, Canada, targeting copper and gold deposits. The company also holds equity stakes in several TSX-listed resource firms, including:
- 742,095 shares of Canada Nickel Company Inc. (TSX-V: CNC)
- 9.96 million shares of Noble Mineral Exploration Inc. (TSX-V: NOB)
- 11.48 million shares of Benton Resources Inc. (TSX-V: BEX)
- 139,767 shares of Vinland Lithium Inc. (TSX-V: VLD)
- 2.76 million shares of Magna Terra Minerals Inc. (TSX-V: MTT)
Qualified Person And Technical Verification
Stephen J. Balch (BSc., P.Geo. #2250 – Ontario), President and CEO of Homeland Nickel, has verified and approved the technical information contained in this announcement in accordance with NI 43-101 standards.
Cautionary And Forward-Looking Statements
This release includes forward-looking information within applicable securities legislation. Such statements involve risks, uncertainties, and assumptions that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on these statements, which reflect management’s views as of the release date.
