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Title: Oceanic Iron Ore CEO Chris Batalha Talks About The Demand for Green Steel

Canada, 8th Oct 2026 – Global Stocks News - Sponsored content disseminated on behalf of Oceanic Iron Ore. On October 7, 2026, Oceanic Iron Ore (TSXV: FEO) issued a message to shareholders entitled “The Demand for Green Steel”.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.The Demand for Green SteelChris BatalhaCEO of Oceanic Iron OreThe planet is heating up. The ten warmest years in recorded history have all occurred in the last decade. The International Science Council (ISC) warns that higher temperatures are causing an increase in hurricanes, droughts and tropical cyclones.The production of steel is a major contributor to global warming. An astonishing one billion metric tonnes of metallurgical coal is consumed globally every year to manufacture steel. This accounts for 15% of coal burned globally across all industries. Steel and iron ore are responsible for 7-9% of the world’s CO2 emissions.The United Nations Industrial Development Organization (UNIDO) has recommended that emissions from the iron and steel sector fall by more than 90% by 2050. To achieve this reduction target, global metallurgical infrastructure is currently being reimagined and rebuilt.For decades, iron ore has been processed in traditional blast furnaces. These enormous chemical reactor towers transform iron ore into liquid metal (pig ir...

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