Homeland Nickel Inc. has fully subscribed its previously announced non-brokered private placement to raise gross proceeds of approximately C$3,040,000.

The financing comprises up to 8,000,000 units priced at C$0.38 per unit. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant allows the holder to purchase an additional common share at an exercise price of C$0.50 for 24 months following the closing of the transaction.

Certain directors and officers of the company are expected to acquire units under the placement, constituting a related party transaction under Multilateral Instrument 61-101. The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements.

Completion of the financing remains subject to final acceptance by the TSX Venture Exchange. Upon closing, Homeland will direct the net proceeds toward meeting property payment obligations, funding ongoing exploration activities across its mineral projects, and supporting general corporate requirements.

The capital injection supports the company's portfolio in Oregon, which includes the Cleopatra Property. That asset hosts a historical resource of approximately 40 million tonnes of laterite grading 0.9% nickel. The private placement follows Homeland's recent reacquisition of all Net Smelter Returns and $15 million in milestone payments covering its Southern Oregon nickel laterite properties from RAB Capital Holdings Limited in August 2026.

Homeland expects to initiate its sonic drill program at the Red Flat property within the next few months upon receipt of exploration permits.

Read the full announcement: Homeland Announces Non-Brokered Private Placement is Fully Subscribed