Homeland Nickel and Westwin Elements Partner for American Nickel Solution

Toronto, Ontario — May 14, 2026 — Leads & Copy — Homeland Nickel Inc. (TSX-V: SHL, OTC: SRCGF) has signed a Memorandum of Understanding (MoU) with Westwin Elements Inc. of Oklahoma to develop a “Made in America” solution for nickel mining, processing, and refining.

The MoU outlines an agreement between Homeland and Westwin to conduct an international-standard Bankable Feasibility Study (BFS) evaluating the fully integrated value chain.

Westwin has an operational demonstration plant using vapour metallurgy to produce high-purity nickel products. The plant is operated by a team with over 250 years of in-house nickel carbonyl expertise, led by Dr. Dmitri Terekhov, a recognized leader in carbonyl processing with more than 20 patents and 38 technical papers on mineral processing technology.

Homeland President and CEO Steve Balch said the relationship with Westwin will allow Homeland to focus on the mining and concentrating of its nickel laterite. He added that the goal is to mine, process, and refine nickel wholly within America for the American market.

KaLeigh Long, Founder and CEO of Westwin, said this is a major step toward building a fully integrated American nickel supply chain. Long added that for too long, the United States has depended on foreign-controlled minerals that are essential to the defense industrial base, energy security, and advanced manufacturing sectors. She also stated Westwin is proud to work with Homeland Nickel to create a stronger and more secure supply chain that supports American workers, industry, and interests.

Homeland Nickel is a Canadian-based mineral exploration company focused on critical metal resources with nine nickel projects in Oregon, United States. The Cleopatra Property contains a historical resource of approximately 40 Mt of laterite grading 0.92% nickel, making it the largest undeveloped nickel resource in the continental United states. Homeland Nickel’s common shares trade on the TSX Venture Exchange under the symbol “SHL”.

Westwin Elements is America’s only Class 1 nickel refinery, also producing cobalt and manganese byproducts. Westwin operates a demonstration plant in Oklahoma that produces high-quality nickel products using a vapour metallurgy process known as nickel carbonyl refining. The nickel carbonyl process produces no solid or liquid wastes and leaves no residue in the finished processed material. Finished products include high-purity nickel powder and briquettes.

Stephen J. Balch, P.Geo. (ON), the Company’s President and CEO and a “Qualified Person” under National Instrument (NI) 43-101, has reviewed and approved the technical content of this news release.

Source: Homeland Nickel