Revised: Homeland Provides Exploration and Corporate Update

Revised: Homeland Provides Exploration and Corporate Update Home Pages Archive Share this story: --> --> Revised: Homeland Provides Exploration and Corporate Update Toronto, Ontario – TheNewswire - September 17, 2026 – Homeland Nickel Inc. (TSXV: SHL; OTCQB: SRCGF) (“Homeland” or the “Company”) is pleased to announce that its previously submitted Plan of Operation (OpPlan) for a sonic drill program at the Red Flat Nickel Project (“Red Flat” ) has been accepted by the United States Forest Service (USFS). The OpPlan will now proceed to the NEPA (environmental) evaluation and cultural review, both of which are well underway (including completion of field work). The revised OpPlan for the Cleopatra Nickel Project ( “Cleopatra” ) is expected to be submitted next week for acceptance by the USFS. Homeland also announces that it has completed a recompilation of previous data at both Red Flat and Cleopatra to the satisfaction of its Qualified Person who will produce an updated Mineral Resource Estimate without the need to conduct additional field work or to reproduce a portion of the original auger hole drilling. These reports will substantially accelerate the Company’s plans for an Initial Assessment Report at Cleopatra in SK-1300 format in compliance with the United States Securities and Exchange Commission’s (SEC) disclosure requirements and a Preliminary Economic Assessment at Red Flat to NI 43-101 format, suitable for filing within the Canadian regulatory system. Commenting on these recent events, President and CEO Steve Balch said “the acceptance of our Plan of Operation by the Forest Service brings us much closer to our sonic drill program and we are hopeful we can complete this program in October subject to crew availability. We can issue new Mineral Resource Estimates for both Cleopatra and Red Flat as we were able to locate all the historical data and have integrated it into a searchable database. While we don’t expect much difference to the original work, the SK-1300 format report for Cleopatra will help Patriot Nickel in their upcoming listing on a US exchange. Once the reports are available, both Homeland and Patriot will proceed with preliminary economic assessments of Red Flat and Cleopatra. We expect one or both reports to be completed during Q4 2026, roughly a year ahead of schedule. This is why we renegotiated the NSR and milestone payments with RAB Capital. We were able to issue an equivalent value of our common stock in place of the milestone cash payments and acquired all NSR rights in the process.” Financing Update Homeland also announces that further to its news releases dated August 26, 2026, and September 14, 2026, it has closed its previously announced non-brokered private placement financing of 8,000,000 units of the Company (the “ Units ”) at a price of C$0.38 per Unit for aggregate gross proceeds to the Company of C$3,040,000 (the “ Financing ”). Each Unit is composed of one common share of the Company (a " Common Share ") and one half of one (0.5) Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder to purchase one Common Share (a “ Warrant Share ”) at an exercise price of C$0.50 per Warrant Share for a period of 24 months following the closing of the Financing. The Company intends to use the net proceeds of the Financing to fund property payment obligations and exploration activities at the Company’s mineral exploration projects and for general corporate purposes. The closing of the Financing is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. All securities issued and issuable pursuant to the Financing are subject to a four-month plus one day hold period commencing on the date of issuance. No finder's fees, commissions or other compensation were paid or are payable in connection with the Financing. Certain directors and officers (the " Insiders ") acquired an aggregate of 465,098 Units under the Financing. The participation of Insiders in the Financing constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). The Corporation is relying on exemptions from the formal valuation and minority shareholder approval requirements applicable to related party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the securities acquired by the participating Insiders nor the consideration paid by the Insiders exceeds 25 percent of the Corporation's market capitalization (as determined under MI 61-101). The Corporation did not file a material change report related to the Insiders' subscriptions more than 21 days before the closing of the Financing as required by MI 61-101 as the subscriptions by the Insiders was uncertain at that time and Corporation wished to close the Financing on an exped