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OCEANIC DEMONSTRATES CRITICAL MINERAL LEVEL, DIRECT REDUCTION CONCENTRATE AT HOPES ADVANCE
OCEANIC DEMONSTRATES CRITICAL MINERAL LEVEL, DIRECT REDUCTION CONCENTRATE AT HOPES ADVANCE ...
About this update from Oceanic Iron Ore Corp.
[{"type":"text","content":"\n\n\n\n OCEANIC DEMONSTRATES CRITICAL MINERAL LEVEL, DIRECT REDUCTION CONCENTRATE AT HOPES ADVANCE\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n TSX Venture Exchange:  FEO\n \n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 25, 2025\n \n\n /CNW/ - Oceanic Iron Ore Corp. (TSXV: FEO) (\"\n \n Oceanic\n \n \", or the \"\n \n Company\n \n \") is pleased to provide results of Phase 1 of its 2025 Metallurgical Testwork Program (the \"\n \n 2025\n \n\n Program\n \n \") on the Company's 100% owned Hopes Advance Project, located in Northern Québec,\n \n Canada\n \n (\n \n \"Hopes Advance\"\n \n , or the \"\n \n Project\n \n \").\n \n\n\n\n\n\n\n\n\n The results from Phase 1 of the 2025 Program indicate the potential to produce a high-grade, direct reduction (\"\n \n DR\n \n \") Iron product, based on laboratory-scale flotation testing which may be achievable with modest modifications to the existing flowsheet as detailed in the Company's current Preliminary Economic Study (the \"\n \n PEA Study\n \n \").\n \n\n The benefits of producing a DR Iron product would include, but are not limited to the following:\n \n\n\n Recognition as \"High-Purity Iron\", identified as a critical mineral in Québec and in\n \n Canada\n \n ;\n \n\n A required high quality product, used in green-steel making process, reducing related carbon emissions, compared to the typical Blast Furnace/Basic Oxygen Furnace (\"\n \n BF/BOF\n \n \") steel making process;\n \n\n Further price premia for a higher grade and lower impurity product, relative to Benchmark pricing;\n \n\n Facilitates steelmaking planning due to product blending potential with other operator's lower grade material; and\n \n\n Offers optionality for potential strategic partners as to product choice. The current Hopes Advance BF/BOF product is already at a relatively high grade of 66.6%Fe with 4.5%SiO2.\n \n\n\n\n Steven Dean\n \n , Chairman of Oceanic said:\n \n \"\n \n\n As expected, preliminary metallurgical testwork completed to date has demonstrated that the Hopes...