Oceanic Iron Ore Corp. (FEO.V) has staked additional claims in the immediate vicinity of its Hopes Advance and Roberts Lake concessions.
Alan Gorman, President/COO, said: "While our primary focus remains firmly fixed on the development of the Hopes Advance project it is appropriate to position the company for future growth and expansion, subsequent to the commissioning of the mine, particularly where the costs to stake these highly prospective mining claims are minimal."
FEO was down nearly 9% to $0.155, moving closer to 52-week low 13 cents.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
