Fortress Minerals Limited (SG:OAJ) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.