Fortress Minerals secures two-year offtake agreements with Malaysian steel mill

SGX Filings

Sep 08, 2025

Sep, 08 2025 – Fortress Minerals Limited said its wholly owned subsidiary Fortress Resources Pte. Ltd. has signed two concurrent 24-month offtake agreements with an independent domestic steel mill in Malaysia.

The contracts cover the supply of about 1.2 million wet metric tonnes of iron ore, with delivery scheduled from Sep, 01 2025 to Aug, 31 2027. Fortress Minerals can adjust the volume by plus or minus 20 percent. Pricing will follow a formula based on the average Platts daily prices for 65 percent Fe and 58 percent Fe CFR North China, adjusted for the actual iron content of each shipment.

The company said the deals will provide steady income and cash flow over the contract period, are expected to boost earnings per share for the financial year ending Feb, 28 2026, and will not materially affect net asset value. No directors or substantial shareholders have any interest in the agreements beyond their shareholdings.

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