Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Fortress Minerals Limited ( (SG:OAJ) ).
Fortress Minerals Limited has announced the signing of two new 24-month offtake agreements with a domestic steel mill in Malaysia, replacing previous 12-month agreements. These agreements, effective from September 2025 to August 2027, involve the delivery of approximately 1.2 million wet metric tonnes of iron ore, with pricing based on the Platts index and adjusted for iron content. The company expects these agreements to provide stable income and cash flow, positively impacting its earnings per share for the financial year ending February 2026, although they will not affect the net asset value per share.
More about Fortress Minerals Limited
Fortress Minerals Limited operates in the mining industry, focusing on the extraction and sale of minerals. Its primary product is iron ore, and it is actively involved in supplying this resource to domestic steel mills in Malaysia.
Average Trading Volume: 82,215
Technical Sentiment Signal: Hold
Current Market Cap: S$115.1M
For detailed information about OAJ stock, go to TipRanks’ Stock Analysis page.