01:01 PM EDT, 08/25/2025 (MT Newswires) -- Oceanic Iron Ore ( FEOVF ) Oceanic Iron Ore ( FEOVF ) was last seen up 24% on Monday after providing an update on the Hopes Advance Project in Northern Quebec.

The update highlighted work on economic and optimization studies, detailed engineering, environmental baseline fieldwork, and permitting activities.

"Being located at tidewater, the Project's unique positioning removes significant capital and operating costs, as well as transportation and logistical constraints related to building, operating and maintaining a rail line, that is typically a requirement of most large iron ore operations globally. This advantage, along with a low strip ratio, simple metallurgy and high-grade material lends itself to a significant economic return for a premium product," board chair Steven Dean said, "

The next steps for the project over the coming months include engaging with environmental permitting consultants and engineering firms, revisiting the historical metallurgical testwork, and re-engaging with representatives of the Inuit of Nunavik.

Shares of Oceanic Iron Ore ( FEOVF ) were last seen up $0.14 to $0.69 on the TSX Venture Exchange.

Price: 0.69, Change: +0.14, Percent Change: +25.45