Core Viewpoint - Homeland Nickel Inc. has formed a partnership with Patriot Nickel Corp to enhance domestic nickel supply in the U.S., particularly in Southern Oregon, aligning with the America First trend [2][5]. Company Overview - Homeland Nickel is a Canadian mineral exploration company focused on critical metal resources, with nickel projects in Oregon and copper and gold projects in Newfoundland [8]. Partnership Details - The partnership involves Homeland optioning its Cleopatra Property (historical resource of 39.5 million tonnes at 0.93% Ni) and Eight Dollar Mountain Property to Patriot [5]. - Homeland will receive 20% of Patriot's common shares, staged cash payments totaling USD $1.25 million, and a minimum expenditure requirement of USD $3 million over three years [5]. - Patriot is required to bring one property to pre-feasibility to earn an 80% interest in both properties, and will assume 50% of progress payments to RAB Capital (CAD $7.5 million) [5]. Historical Resource Verification - The historical resource on the Cleopatra Property was initially prepared in 2009 and later reviewed in 2023, confirming compliance with NI 43-101 standards [4][5]. - To make the historical resources compliant, a minimum of 10% of the original work will need to be repeated, primarily involving twinning selected auger holes [7]. Management and Governance - Stephen Balch, President and CEO of Homeland, emphasizes the benefits of the partnership, including American investor interest and management [2]. - Homeland will appoint one director to Patriot and will operate exploration programs until a joint venture is formed [5].
Homeland Nickel Enters Agreement with USA Company, Amplifying Exposure to Strategic Holdings