According to the company, the agreements will be valid for 24 months, with a total of approximately 1.2 million wet metric tons (WMT) to be delivered between September 1, 2025, and August 31, 2027.
The sales price of the products to be delivered will be determined based on the daily average prices published by Platts for 65% Fe and 58% Fe CFR North China, adjusted for the iron ore grade of each shipment.
Fortress Minerals stated that it expects these agreements to contribute positively to the company’s earnings per share in the fiscal year 2026.
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