Oceanic Iron Ore Corp is a Canadian company that is engaged in the exploration and development of iron ore properties. The company's primary focus is on the development of its flagship Hopes Advance project, located in the Labrador Trough in Quebec, Canada.
The Hopes Advance project is a large-scale iron ore deposit with estimated resources of over 4 billion tonnes. The company is currently in the process of completing a feasibility study for the project, which will determine the economic viability of developing a mine and processing facility.
In addition to the Hopes Advance project, Oceanic Iron Ore Corp also holds other iron ore exploration properties in Quebec, including the Morgan Lake and Roberts Lake projects.
The company's goal is to become a significant iron ore producer, supplying high-quality iron ore to global markets. Oceanic Iron Ore Corp is committed to responsible and sustainable development practices, including environmental stewardship and community engagement.
As of my knowledge cutoff in 2021, Oceanic Iron Ore Corp is a publicly traded company listed on the TSX Venture Exchange under the ticker symbol FEO.