Fortress Minerals Secures Iron Ore Offtake Deals

Fortress Minerals Limited (SG:OAJ) has released an update.

Fortress Minerals Limited has secured two new offtake agreements with a domestic steel mill in Malaysia, ensuring the delivery of approximately 510,000 wet metric tonnes of iron ore over a 12 to 14-month period. These agreements are expected to bolster the company’s financial stability and positively impact earnings per share for the fiscal year ending February 2025. With pricing linked to North China iron ore benchmarks, this deal could provide a steady cash flow for Fortress Minerals.

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