Oceanic Iron Ore advances high-grade hopes advance project in Northern Quebec

Oceanic Iron Ore CEO Chris Batalha joined Steve Darling from Proactive to discuss the company's Hopes Advance iron ore project in Nunavik, northern Quebec, highlighting its logistical advantages, high-grade product, and ongoing development work. Batalha said the project is located just 25 kilometres from tidewater, providing a potential cost advantage over many iron ore operations that rely on transporting ore hundreds of kilometres by rail. He noted that transportation is one of the largest cost components for iron ore producers, making Hopes Advance's coastal location a key competitive strength. “We are high grade, we have 66.6% concentrate. We have low impurities,” Batalha said. He added that the project currently has an estimated 28-year mine life, with the potential for further expansion based on the extensive mineralization already identified. The interview also highlighted metallurgical test work indicating the project's premium iron concentrate could be suitable for both traditional blast furnace steelmaking and emerging low-carbon green steel production processes. Management believes the combination of high grade and low impurity levels could command a premium in future markets. Oceanic is continuing baseline environmental studies while advancing a new Pre-Feasibility Study (PFS), expected to be completed in the fourth quarter, which will update the project's economics based on the latest technical work. Batalha also discussed efforts to strengthen the company's leadership team and highlighted how Hopes Advance aligns with Canadian and Quebec priorities surrounding critical minerals, northern infrastructure, and domestic resource development. Management believes the project's location, product quality, and long mine life position Hopes Advance as a strategically important iron ore development opportunity for North American and global steel markets. #proactiveinvestors #oceanicironore #tsxv #feo #ironore #IronOre #QuebecMining #CriticalMinerals #GreenSteel #Mining #Nunavik #ResourceDevelopment #SteelIndustry #MiningNews