Osmond Resources Limited (AU:OSM) has released an update.
Osmond Resources Limited is set to acquire a significant interest in a European critical minerals project, targeting strategic elements such as rutile, zircon, and various rare earths, amid supportive EU legislation. The deal involves a three-stage acquisition of Iberian Critical Minerals Pty Ltd, with impressive exploration results in Southern Spain’s Jaén Province pointing to high mineral concentrations. The acquisition, pending shareholder approval, will also see leadership changes with Anthony Hall stepping in as Managing Director and CEO.
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