fortress minerals
Singapore listcos offer opportunities for investors to ride the commodities wave
SINGAPORE-LISTED commodity stocks might give investors solid returns in the near term amid a shift in the broader industry, especially since a number of them are currently trading at a discount to the...
Commodity-linked products seen as suitable hedge as inflation fears take hold of markets
Strategists warn of risks from volatility, uncertainty over inflationary pressures
Fortress Minerals proposes S$9 million placement to fund projects
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...
Fortress Minerals bags 2 prospecting licences in Sabah
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...
Fortress Minerals posts 21% drop in FY2022 earnings to US$14.4 million
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.
Fortress Minerals posts 41.8% fall in net profit after tax
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.
Brokers' take: Phillip downgrades Fortress Minerals on missed forecasts
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.
Fortress Minerals unit bags 15-month offtake deal with Malaysia steel mill
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 Q1 net profit more than triples to US$7.2m on record revenue
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.
Fortress Minerals FY21 net profit up 2.8 times to US$18.2m
CATALIST-LISTED Fortress Minerals saw its net profit increase 2.8 times to US$18.2 million for the financial year 2021.
