Oceanic Iron Ore CEO Chris Batalha Gives Overview of Ungava Bay Assets
Using the 2019 PEA base case Freight on Board (FOB) price of US$82/tonne, the Hopes Advance base-case study projects a post-tax NPV8 of US$1.4 billion.
Canada, 18th Sep 2026 – Global Stocks News – Sponsored content disseminated on behalf of Oceanic Iron Ore. On September 16, 2026, Oceanic Iron Ore (TSXV: FEO) issued a message to shareholders entitled “Overview of our Ungava Bay Assets”.
Oceanic is focused on the development of its 100% owned Hopes Advance, Morgan Lake and Roberts Lake iron ore projects located on the coast, in the Labrador Trough in Québec, Canada.
The flagship Hopes Advance Project has a NI 43-101 Measured & Indicated resource of about 1.36 billion tonnes at a head grade of 32.1% Fe. The project is located at tidewater. The PEA highlights that Oceanic will not require...
