Homeland Nickel Finances Private Placement

Homeland Nickel Inc., a Canadian-based mineral exploration company, has announced that its non-brokered private placement financing has been fully subscribed. The company raised up to $3,040,000 through the sale of 8,000,000 units, each priced at $0.38. Each unit consists of one common share and one-half of one common share purchase warrant. Warrants will allow the holder to purchase one common share at $0.50 per share for a period of 24 months following the closing of the financing.

The funds raised will be used to pay property obligations and to support exploration activities at the company’s mineral projects. Homeland Nickel, which has nine nickel projects in Oregon, including the Cleopatra Property, which holds a historical resource of approximately 40 million tonnes grading 0.9% nickel, plans to use the net proceeds for general corporate purposes as well.

The company’s president and CEO, Stephen Balch, stated, "We are pleased with the strong response to our financing. This will enable us to advance our exploration efforts and maintain our focus on developing the Cleopatra Property and other projects."

Notably, certain directors and officers are expected to participate in the financing, which will be considered a related party transaction. The company anticipates relying on exemptions from the formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as the participation of insiders will not exceed 25 percent of the company’s market capitalization.

Homeland Nickel’s common shares trade on the TSX Venture Exchange under the symbol “SHL.” The company intends to use the net proceeds to fund its exploration activities and to support its strategic objectives in the critical metal resources sector.

The company’s next steps will be to close the financing, subject to final acceptance by the TSX Venture Exchange.

The securities described in this press release have not been, and will not be, registered under the United States Securities Act or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom.