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Oceanic Iron Ore Corp. Aligns Hopes Advance Project with Québec’s Northern Action Plan

Story Highlights
  • Oceanic Iron Ore focuses on developing its iron ore projects in Québec, Canada.
  • The company seeks to advance its Hopes Advance Project under Québec’s Northern Action Plan.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Oceanic Iron Ore Corp. Aligns Hopes Advance Project with Québec’s Northern Action Plan

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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.

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