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An announcement from Oceanic Iron Ore ( (TSE:FEO) ) is now available.
Oceanic Iron Ore Corp. acknowledges the support for its Hopes Advance Iron Ore Project under Québec’s Northern Action Plan, which aims to enhance economic and social development in Northern Québec. The company plans to engage with provincial government bodies to advance the project, which aligns with the Plan’s goals of increasing connectivity and infrastructure development in the region, supported by a CAD$2.6 billion investment through 2028.
More about Oceanic Iron Ore
Oceanic Iron Ore Corp. is focused on developing its 100% owned iron ore projects, including Hopes Advance, Morgan Lake, and Roberts Lake, located in the Labrador Trough in Québec, Canada. The flagship Hopes Advance project has a significant mineral resource and a projected 28-year mine life with substantial economic potential.
Average Trading Volume: 247,130
Technical Sentiment Signal: Buy
Current Market Cap: C$97.89M
For detailed information about FEO stock, go to TipRanks’ Stock Analysis page.