Homeland launches non-brokered private placement

Homeland Announces Non-Brokered Private Placement

(TheNewswire)

 

Toronto, ON – TheNewswire - August 26, 2026 – Homeland Nickel Inc. (TSXV: SHL) (“Homeland” or the “Company”), is pleased to announce its intention to complete a non-brokered private placement of up to 8.0 million units of the Company (the “Units”) at a price of C$0.38 per Unit (the “Issue Price”) for gross proceeds of up to C$3,040,000.00 (the “Financing”). Each Unit will be comprised of one (1) 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 will entitle the holder thereof to acquire one (1) Common Share (a “Warrant Share”) at an exercise price of C$0.50 per Warrant Share at any time for a period of twenty-four (24) months following the closing of the Financing.

 

“The financing will help Homeland complete its existing property payment obligations and exploration programs well into 2027 with minimal dilution to existing shareholders. We look forward to starting our sonic drill program at Red Flat within the next few months as exploration permits are received.”, said Stephen Balch, President & CEO.

 

The net proceeds of the Financing will be used to fund property payment obligations and exploration activities at the Company’s mineral exploration projects and for general corporate purposes. The Financing is subject to the receipt of all required regulatory approvals including the approval of the TSX Venture Exchange (the “Exchange”). All securities to be issued and issuable pursuant to the Financing will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. Closing of the Financing is expected on or about September 10, 2026 or such other date or dates that that the Company may determine.  

 

The Company also announces that further to the Company’s press release dated February 16, 2026, Noble Mineral Exploration Inc. (“Noble”) has completed the distribution of 9,000,000 common shares of Homeland through a plan of arrangement (See Noble’s press release dated May 27, 2026). Homeland, as a shareholder of Noble, was entitled to received 339,245 common shares of Homeland under the distribution, however sold such shares to a third-party arms length purchaser at a price of C$0.30 per share for a total consideration of C$101,773.50.