fortress minerals

Strategists warn of risks from volatility, uncertainty over inflationary pressures

IRON ore miner Fortress Minerals proposed to place out 23.3 million new shares at S$0.386 apiece, in its bid to raise some S$9 million to fund its mining and exploration projects on late Monday (Mar 2...

CATALIST-LISTED Fortress Minerals has been granted two new licences in Sabah, Malaysia to undertake prospecting operations for copper, nickel and cobalt minerals, the iron ore miner said on Monday (Ma...

IRON ore miner Fortress Minerals saw its earnings tumble 82.3 per cent to US$1.1 million for the fourth quarter ended February, from US$6.1 million in the corresponding period a year ago.

CATALIST-LISTED Fortress Minerals posted a 41.8 per cent decline in net profit after tax to US$4.2 million for its first quarter ended May 31, 2022, from US$7.2 million a year earlier.

PHILLIP Securities has downgraded Fortress Minerals to "accumulate" from "buy" with a lower target price of S$0.51 after the iron ore miner's latest set of financial results missed its forecasts.

IRON ore concentrate producer Fortress Minerals has entered into a new 15-month offtake agreement with a third-party domestic steel mill in Malaysia.

FORTRESS Minerals saw record revenue of US$17.3 million for the first quarter ended May 31, nearly two-and-a-half times the US$7.1 million figure for the year-ago period.

CATALIST-LISTED Fortress Minerals saw its net profit increase 2.8 times to US$18.2 million for the financial year 2021.