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Oceanic Iron Ore Resumes Environmental Assessment Process For Hopes Advance Project in Quebec

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Oceanic Iron Ore (FEO.V) resumed the Environmental and Social Impact Assessment process for its Hopes Advance project in northern Quebec, the company said Monday.

The company began updated environmental baseline studies that will include baseline investigations across the land, marine, and human environments to support the ESIA and broader project permitting. Land components will include the proposed mine, access road, and airport infrastructure, while marine components will address issues associated with a proposed deep-water port, the statement said.

"The commencement of our baseline studies program marks an important milestone in advancing Hopes Advance toward permitting," said Chief Executive Chris Batalha.

Ocean Iron Ore shares edged up C$0.01, to C$0.62, on the TSX Venture Exchange.

Price: $0.62, Change: $+0.01, Percent Change: +1.64%

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