Homeland Nickel and Westwin Elements Seek to Offer Mining to Refining Solution for American Nickel Demand

Toronto, Ontario – May 14, 2026 - TheNewswire – Homeland Nickel Inc. (“ Homeland ” or the “ Company ”) (TSX-V: SHL, OTC: SRCGF), is pleased to announce it has signed a Memorandum of Understanding (MoU) with Westwin Elements Inc. (“Westwin”) of Oklahoma to develop a “Made in America” solution for nickel mining, processing and refining. In the MoU, Homeland and Westwin agree to conduct an international-standard Bankable Feasibility Study (“BFS”) evaluating the fully integrated value chain. Westwin has constructed an operational demonstration plant using vapour metallurgy to produce high-purity nickel products that is operated by an experienced team with over 250 years of in-house nickel carbonyl expertise led by Dr. Dmitri Terekhov, a globally recognized leader in carbonyl processing, who holds more than 20 patents and has published 38 technical papers on mineral processing technology. Speaking to the MoU and Westwin, Homeland President and CEO Steve Balch said “Our relationship with Westwin will allow us to focus on the mining and concentrating of our nickel laterite. The goal is to mine, process and refine nickel wholly within America for the American market.”