Project Overview

The Hopes Advance Project is located in Northern Québec, Canada, and features over 1.3 billion tonnes of iron ore in the Measured and Indicated resource category at a grade of 32.1% Fe. The project has a mine life of 28 years, with potential for significant life extension through the development of neighboring properties at Roberts Lake and Morgan Lake. It benefits from direct access to tidewater and robust financial metrics, including a low operating cost of $30.70/t and a post-tax NPV8 of $1.4 billion.

Answer last refreshed: 2026-06-16