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Osmond Resources Limited ( (AU:OSM) ) has shared an announcement.
Osmond Resources has raised A$6.6 million via a strongly supported institutional placement of 11 million shares at A$0.60 each, with free attaching options, boosting its pro forma cash to more than A$8.5 million and fully funding its planned 2026 work program. The capital will be directed to advancing the Orión EU Critical Minerals Project in Spain, including drilling, a maiden Mineral Resource estimate, a scoping study and flowsheet confirmation, underpinning Osmond’s bid to become the first European producer of titanium (rutile), zircon (and hafnium) and rare earths and strengthening its strategic positioning within the EU’s critical minerals supply chain.
The most recent analyst rating on (AU:OSM) stock is a Hold with a A$0.72 price target. To see the full list of analyst forecasts on Osmond Resources Limited stock, see the AU:OSM Stock Forecast page.
More about Osmond Resources Limited
Osmond Resources Limited is an ASX-listed company focused on fast-tracking the development of European critical minerals projects. Its flagship asset is the Orión EU Critical Minerals Project in Jaén Province, Andalucía, southern Spain, a 228km² siliciclastic system hosting rutile (titanium), zircon, hafnium and rare earth elements such as monazite, where the company aims to define high-grade mineralised layers and advance towards production in line with the EU’s push to onshore critical mineral supply.
Average Trading Volume: 193,056
Technical Sentiment Signal: Hold
Current Market Cap: A$88.92M
For detailed information about OSM stock, go to TipRanks’ Stock Analysis page.