Homeland Nickel and Brazilian Nickel to Jointly Develop Nickel Laterite Properties in Oregon

(TheNewswire)

Toronto, Ontario – TheNewswire - October 7, 2025 – Homeland NickelInc. (“ Homeland Nickel ” or the “ Company ”) (TSX-V:SHL, OTC: SRCGF) is pleased to announce it has entered into apreliminary agreement with Brazilian Nickel Limited (“ Brazilian Nickel ”)to jointly advance the financing and development of nickel lateriteproperties owned by Homeland Nickel in the State of Oregon,USA.

The two companies signed a memorandum of understanding(the “ MOU ”) under which they will jointly seek development fundingfrom state and private entities and work together on the technicaladvancement of the properties beyond exploration.

Homeland Nickel holds rights to four nickel lateriteproperties located in southwest Oregon, known as Red Flat, Cleopatra,Woodcock Mountain and Eight-Dollar Mountain (collectively, the“ OregonProperties ”). The Company is activelyadvancing the development of the properties through a series ofgeological drilling programs, surface sampling and technicalassessments.

The two parties plan to collaborate on an exclusivebasis to seek funding and leverage Brazilian Nickel’s extensiveexpertise in laterite heap leaching technology, including through apotential joint venture and the preparation of a coherent technicaland strategic development program culminating in potential commercialproduction.

“Working with Brazilian Nickel will significantlyenhance our ability to develop the Oregon properties into a leadingsource of nickel produced in the USA,” said Homeland Nickel’s CEOStephen Balch. “Their expertise and practical experience inprocessing laterite make a perfect fit with our exploration capabilityand the substantial nickel laterite resources we are currentlydeveloping. They have tested the nickel recoveries at both Red Flatand Cleopatra in the past with positive results.”

Under the non-binding agreement, Homeland Nickel andBrazilian Nickel will cooperate in the preparation of technicalstudies, project development strategies and preliminary economic andenvironmental assessments. Brazilian Nickel will be responsible forproject studies and reports, metallurgical development, ESG andCO?-reduction strategies, and compliance with applicableinternational standards. Homeland Nickel will be responsible forstakeholder engagement, permitting activities, geological evaluations,and preparation of a Mineral Resource Estimate.

Homeland Nickel has appointed Brazilian Nickel as itsexclusive development and processing partner for the Oregon Propertiesduring the term of the agreement. Brazilian Nickel agrees not toacquire any nickel laterite properties in Oregon or California, norenter into any discussions or establish similar development and/orprocessing relationships with any third party operating in thosestates independently of Homeland Nickel.

About Brazilian Nickel

Brazilian Nickel is a privately held UK companyestablished in 2013 to develop nickel laterite heap leach projectsworldwide, beginning with its flagship Piauí Nickel Project inBrazil. The Brazilian Nickel team are all highly experienced miningindustry professionals with extensive metallurgical experience inSouth America and worldwide. The team has been developing thelow-carbon, environmentally responsible heap leaching of nickellaterites for over 20 years with a view to building a world-classnickel and cobalt producing company. For more information see thewebsite: http://www.braziliannickel.com .

About Homeland Nickel

Homeland Nickel is a Canadian-based mineral explorationcompany focused on critical metal resources with nickel projects inOregon, United States and copper and gold projects in Newfoundland,Canada. The Company holds a significant portfolio of mining securitiesincluding 1.995 million shares of Canada Nickel Company Inc. (TSX-V: CNC), 9.960 million shares of NobleMineral Exploration Inc. (TSX-V: NOB), 11.522 million shares of BentonResources Inc. (TSX-V: BEX), 81,150 shares of Vinland Lithium Inc.(TSX-V: VLD) and 2.761 million shares of Magna Terra Minerals Inc.(TSX-V: MTT). Homeland Nickel’s common shares trade on the TSXVenture Exchange under the symbol “SHL”. For more information seethe Company’s website: http://www.homelandnickel.com .

Cautionary Statement

Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release. No stock exchange, securities commission orother regulatory authority has approved or disapproved the informationcontained herein.

This news release contains statements that constitute“forward-looking statements”. Forward-looking statements arestatements that are not historical facts and include, but are notlimited to, disclosure regarding possible events, that are based onassumptions and courses of action, and in certain cases, can beidentified by the words “expects”, “plans”, “anticipates”,“believes”, “intends”, “estimates”, “projects”,“potential” and similar expressions, or that events or conditions“will”, “would”, “may”, “could” or “should” occur,or the negative forms of any of these words and other similarexpressions. Forward-looking statements include statements related tofuture plans for the Company, and other forward-looking information.Forward-looking statements are based on various assumptions includingwith respect to the anticipated actions of securities regulators,stock exchanges, and government entities, management plans andtimelines, as well as results of operations, performance, businessprospects and opportunities. Although the forward-looking statementscontained in this news release are based upon what the management ofthe Company believes are reasonable assumptions on the date of thisnews release, such assumptions may prove to be incorrect.Forward-looking statements involve known and unknown risks anduncertainties, they should not be read as guarantees of futureperformance or results, and they will not necessarily be accurateindications of whether such results will be achieved. A number offactors could cause actual results, performance or achievements todiffer materially from the results discussed in the forward-lookingstatements, including, but not limited to: an inability to develop andsuccessfully implement exploration strategies; general business,economic, competitive, political and social uncertainties; the lack ofavailable capital; impact of the evolving situation in Ukraine on thebusiness of the Company; and other risks detailed from time-to-time inthe Company’s ongoing filings with securities regulatoryauthorities, which filings can be found at www.sedarplus.ca. TheCompany cannot assure readers that actual results will be consistentwith these forward-looking statements. Readers are cautioned not toplace undue reliance on forward-looking statements in this pressrelease. These forward-looking statements are made as of the date ofthis news release and the Company disclaims any intent or obligationto update any forward-looking statement, whether because of newinformation, future events or otherwise, unless otherwise required bylaw.

Contact

Stephen Balch, President & CEO

Phone:        905-407-9586

Email:        steve@beci.ca

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