Toronto, Ontario – July 17, 2025 – TheNewswire - Homeland Nickel Inc. (“Homeland Nickel” or the “Company”) (TSX-V: SHL, OTC: SRCGF) is pleased to announce recent exploration results from its wholly owned Eight Dollar Mountain nickel laterite property (“Eight Dollar”), staked by the Company in 2023.
In June 2025, Homeland Nickel visited Eight Dollar and acquired fifty-six (56) surface samples of nickel laterite using a handheld auger and shovel. The laterite was collected with minimal ground disturbance in sample bags containing 50-100 grams of material for assaying. All samples were submitted for assaying and all samples indicate the presence of nickel laterite with assay values ranging from 0.21% Ni to 2.21% Ni with an average of 0.67% Ni. The assay locations and mining claim outlines are shown in Figure 1 and 2, and the assay values are summarized in Table 1 with UTM locations for each sample.
Figure 1: Plan map of Eight Dollar Mountain showing sample points and assay results for Ni % (coordinates in WGS 84 / UTM Zone 10N).
Commenting on the results, President and CEO Steve Balch is quoted as saying “We are very pleased with the results of our first sampling program at Eight Dollar. We were expecting an average grade of 0.4-0.5% Ni which is more typical for surface laterite. In some cases where the nickel assay fell below that level the assay likely contained a high component of non-laterized soil. The 2.2% Ni by contrast was taken at the bottom of a shallow historical pit or 4-5 feet into the laterite. We sampled 26 of our 76 mining claims and plan to return to Eight Dollar this summer with an expanded program to complete our surface sampling and to estimate the extent of the laterite on our property.”
Figure 2: Map of high-grade Ni % assays at the Eight Dollar Mountain Property.
The Eight Dollar Mountain Property is located 4 km west of the town of Selma, Oregon and is accessible directly by paved roads at both the north and south edges of the property. Access within the property is possible by local trails. Exploration at Eight Dollar includes two major efforts, one in the 1950s and later in the 1970s. Several zones of nickel laterite were identified but no resources were ever published.
Permitting Update
Homeland Nickel also reports it is still waiting for approval on its Plan of Operation for the Red Flat Nickel Laterite Project located 12 km southeast of Gold Beach, Oregon. Both Red Flat and the Company’s Cleopatra Property are located within a withdrawn area that requires the mining claims to have been in good standing since the withdrawal order came into effect (2015) and that concentrations of economic minerals were identified prior to the withdrawal order being invoked. The Company has provided such information to the Forest Service and is waiting for a response. Commenting on the delay, Steve Balch stated “it is frustrating having to wait so long to get approval to explore our properties. We submitted the documentation back in July and August of 2024. We may redirect our exploration efforts to Eight Dollar which is not subject to a withdrawal order and is partly under the control of the Bureau of Land Management which seems to be more active granting permits. But we will continue to push to get our exploration program at Red Flat started. I feel like we’ve waited long enough”.
Table 1: Summary of assays at Eight Dollar with UTM locations (coordinates are in WGS 84 / UTM Zone 10N).
QA/QC
Curtis Ferron, MSc., P.Geo., a “Qualified Person” as defined by National Instrument 43-101, is responsible for sample collection, quality assurance (QA), and quality control (QC). All samples were collected either with a hand shovel or auger and were placed directly into plastic bags with a laboratory assay tag and sealed on site at the sample location. The samples were then shipped in secured bags directly to ALS Geochemistry in Reno, Nevada an ISO/IEC 17025 accredited lab. Three internal QA/QC samples were inserted per 30 soil samples collected.
Qualified Person
Stephen J. Balch (BSc., P.Geo. #2250 – Ontario), President and CEO of Homeland Nickel and a "Qualified Person" within the meaning of NI 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
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 million shares of Canada Nickel Company Inc. (TSX-V: CNC), 9.960 million shares of Noble Mineral Exploration Inc. (TSX-V: NOB), 11.522 million shares of Benton Resources 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 TSX Venture Exchange under the symbol “SHL” and on the OTCQB under the symbol “SRCGF”. More detailed information can be found on the Company’s website at:
Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release contains statements that constitute “forward-looking statements”. Forward-looking statements are statements that are not historical facts and include, but are not limited to, disclosure regarding possible events, that are based on assumptions and courses of action, and in certain cases, can be identified 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 similar expressions. Forward-looking statements include statements related to future plans for the Company, and other forward-looking information. Forward-looking statements are based on various assumptions including with respect to the anticipated actions of securities regulators, stock exchanges, and government entities, management plans and timelines, as well as results of operations, performance, business prospects and opportunities. Although the forward-looking statements contained in this news release are based upon what the management of the Company believes are reasonable assumptions on the date of this news release, such assumptions may prove to be incorrect. Forward-looking statements involve known and unknown risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether such results will be achieved. A number of factors could cause actual results, performance or achievements to differ materially from the results discussed in the forward-looking statements, including, but not limited to: an inability to develop and successfully implement exploration strategies; general business, economic, competitive, political and social uncertainties; the lack of available capital; impact of the evolving situation in Ukraine on the business of the Company; and other risks detailed from time-to-time in the Company’s ongoing filings with securities regulatory authorities, which filings can be found at www.sedarplus.ca. The Company cannot assure readers that actual results will be consistent with these forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements in this press release. These forward-looking statements are made as of the date of this news release and the Company disclaims any intent or obligation to update any forward-looking statement, whether because of new information, future events or otherwise, unless otherwise required by law.
Contact
Stephen Balch, President & CEO
Phone: 905-407-9586
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
