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Osmond Resources Limited (ASX:OSM)

ALERT: Price-sensitive ASX Announcement for OSM
Current share price for OSM : $0.730 0.1 (15.87%)+
Announcement
Release
23 Feb 2026 8:27AM
Price at Release
$0.630
Full Release
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Summary
Osmond Resources Ltd (ASX:OSM) has announced a collaboration agreement with Técnicas Reunidas to establish the EU’s first vertically integrated production of Mixed Rare Earth Carbonates (MREC) and Oxides (MREO). This partnership aims to leverage EU and Spanish funding opportunities, with OSM owning the MREC facility, while TR provides technology and EPC services. Técnicas Reunidas, a prominent engineering company, brings extensive experience in rare earth extraction through its RARETECH technology. This initiative is part of the larger effort by the European Commission’s Horizon Program to create a complete European value chain for permanent magnets.
Key Points
  • Collaboration Agreement signed with Técnicas Reunidas.
  • First vertically integrated production of MREC and MREO in the EU.
  • OSM aims to be a significant global player in rare earth monazite production.
  • TR leads the PERMANET Project for permanent magnets in the EU.
  • OSM to own the production facility; TR to provide technology and EPC services.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.