JV To Develop Nickel Laterite Properties

TORONTO – Homeland Nickel Inc. has entered into a preliminary agreement with Brazilian Nickel Limited to jointly advance the financing and development of nickel laterite properties owned by Homeland Nickel in the State of Oregon. The two companies signed a memorandum of understanding (MOU) under which they will jointly seek development funding from state and private entities and work together on the technical advancement of the properties beyond exploration.
“Working with Brazilian Nickel will significantly enhance our ability to develop the Oregon properties into a leading source of nickel produced in the USA,” said Homeland Nickel’s CEO Stephen Balch. “Their expertise and practical experience in processing laterite make a perfect fit with our exploration capability and the substantial nickel laterite resources we are currently developing. They have tested the nickel recoveries at both Red Flat and Cleopatra in the past with positive results.”