Osmond Raises A$6.6M at 16.7% Discount to Fund Spanish Titanium Project

Capital Raise to Fuel Critical Minerals Development

Osmond Resources Limited (ASX, OSM) has successfully completed a A$6.6 million placement, issuing 11 million shares at a 16.7% discount to the last traded price. The placement, accompanied by free attaching options exercisable at A$1.20, was strongly supported by existing institutional investors, underscoring confidence in Osmond’s strategic direction.

The fresh capital lifts Osmond’s pro forma cash position to over A$8.5 million as of the end of 2025, providing a solid financial runway to execute its full 2026 work program. This funding is critical as the company advances its flagship Orión EU Critical Minerals Project in southern Spain, targeting the extraction of titanium (rutile), zircon, hafnium, and rare earth elements.

Strategic Focus on EU Critical Minerals Supply

The Orión project, located in Jaén Province, Andalucía, covers a substantial 228 square kilometres and includes historic mining areas. Osmond aims to become the first European Union miner to produce these strategically important minerals, which are essential for high-tech manufacturing, clean energy technologies, and defence applications.

Initial bulk sampling has revealed promising grades of titanium dioxide, zirconium oxide, and rare earth oxides across multiple zones, supporting the company’s confidence in the project’s potential. Osmond plans to fast-track drilling to confirm mineral continuity and grade, followed by a Mineral Resource Estimate and a Scoping Study within the calendar year.

Capitalising on EU Regulatory Tailwinds

The timing of Osmond’s capital raise aligns with increasing European regulatory support for domestic critical minerals production. The EU’s strategic push to reduce reliance on imports for these materials offers Osmond a favourable backdrop to advance its project development and attract further investment.

Additionally, the company will issue options to brokers who supported the placement, further aligning interests and incentivising ongoing market engagement. The placement shares are expected to settle by 19 January 2026, marking a key milestone in Osmond’s growth trajectory.

Looking Ahead

While Osmond’s immediate focus remains on the Orión project, it also holds interests in the Iberian One Project in central Spain, which targets kaolinite and alunite mineralisation. However, the Orión project’s critical minerals potential clearly takes precedence as Osmond positions itself at the forefront of Europe’s critical minerals supply chain.

Investors will be watching closely as Osmond delivers drilling results and resource updates throughout 2026, which will be pivotal in validating the project’s commercial viability and shaping the company’s next phase of development.