Fortress Minerals Strikes New Iron Ore Supply Deals

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

Fortress Minerals Limited has secured two new 12-month offtake agreements with a domestic steel mill in Malaysia, ensuring a steady supply of approximately 552,000 wet metric tonnes of iron ore in the year ahead. These agreements are set to provide consistent income and cash flow, and are anticipated to have a positive impact on the company’s earnings per share for the fiscal year ending February 2025, without affecting the net asset value per share.

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