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Title: Oceanic Iron Ore CEO Chris Batalha Talks About the No Railway Needed Operational Advantage

Canada, 23rd Oct 2026 – Global Stocks News - Sponsored content disseminated on behalf of Oceanic Iron Ore. On October 22, 2026, Oceanic Iron Ore (TSXV: FEO) issued a shareholder message titled “No Railway Needed: Our Operational Advantage”.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.No Railway Needed: Our Operational AdvantageChris BatalhaCEO of Oceanic Iron OreThe world’s biggest iron ore mines and mining complexes are situated in Western Australia's Pilbara region, northern Brazil's Amazon basin, Guinea's Simandou mountain range, Canada's Labrador Trough, South Africa's Northern Cape, and Sweden's Arctic north. Located far from industrial steel plants, these massive deposits require dedicated heavy-haul rail corridors stretching anywhere from 170 to 900 kilometres to reach specialized deep-sea ports for international markets. Oceanic’s iron ore assets are located in Northern Québec, close to tidewater. We anticipate that our iron ore concentrate will be transported from the mine to the port via truck along a 26 km access road. This gives us a significant cost, operational and logistical advantage.Railroad construction costs per kilometre of track vary based on location, the cost of labour, materials and topography. Freight trains can handle a maximum slope of 1.5%. Anything more than that, they...

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