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Fortress Minerals
Billion Dollar Club 2023
Straits Trading tops sector with divestment gains; Fortress Minerals rides on rising commodity prices
Straits Trading is one of the oldest listed companies in Singapore.\
23 days ago
Billion Dollar Club 2023
Fortress Minerals excels in the evolving mining industry
The group focuses on maximising efficiency in its current assets.
23 days ago
Commodities
Fortress Minerals signs new offtake agreements with third-party domestic steel mill
The agreements will contribute positively to the group’s EPS for the FY2024 ending Feb 29, 2024.
October 23, 2023
Results
Fortress Mineral's 1HFY2024 net profit falls 21.8%
Fortress Minerals' 1HFY2024 net profit falls 21.8% due to lower selling prices, higher costs
October 12, 2023
Insider moves
The Hour Glass maintains buybacks; Fortress Minerals' CEO Chee raises stake
In the previous FY2023 ended March 31, The Hour Glass had spent a total of $55.3 million to buy back its shares
August 10, 2023
Results
Fortress Minerals reports 1QFY2024 earnings of US$2.5 mil, 40.2% lower y-o-y
EPS for the period fell to 0.48 US cents, 42.9% lower y-o-y.
July 12, 2023
Results
Fortress Minerals reports higher FY2023 revenue but earnings dip slightly
CEO Chee remains upbeat that demand for iron from steel mills across the region remains strong
April 26, 2023
Contracts
Fortress Minerals signs new offtake agreement with existing customer
Under this agreement, Fortress Minerals will deliver around 270,000 wet metric tonnes of iron ore.
April 19, 2023
Company in the news
Fortress Minerals to raise $9 mil via proposed placement of up to 23.3 mil shares
The shares will be issued at 38.6 cents apiece, representing a discount of 9.9% to the VWAP for trades done on March 16.
March 21, 2023
Company in the news
Fortress Minerals to commence prospecting activities at two Sabah concession areas
At the same time, Fortress Minerals says it is ramping up its production at an existing production mine
March 06, 2023