Oceanic Iron Ore CEO Chris Batalha Talks About the Hopes Advance Re-Scoped PEA

Vancouver, BC – TheNewswire - October 16, 2026 – Global Stocks News - Sponsored content disseminated on behalf of Oceanic Iron Ore. On October 14, 2026, Oceanic Iron Ore (TSXV: FEO) issued a message to shareholders entitled, “What We Learned from the Hopes Advance Re-Scoped PEA.” 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 a railroad to get its iron ore to market, significantly reducing capital expenses and operating costs. Click Image To View Full Size What We Learned from the Hopes Advance Re-Scoped PEA Chris Batalha CEO of Oceanic Iron Ore Because Oceanic Iron Ore was in strategic hibernation for over a decade, many of our technical studies and engineering reports need to be updated to reflect current input costs and commodity prices. We are now focused on that task. In November 2012, Oceanic completed a Pre-Feasibility St

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