Fortress Minerals Limited (SG:OAJ) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
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.
For further insights into SG:OAJ stock, check out TipRanks’ Stock Analysis page.