# Osmond raises $2.58M for EU's first rare-earth mine

> Osmond Resources secures $2.43M share placement to advance Spain's EU-first rare-earth mine project.
- Title: Osmond raises $2.58M for EU's first rare-earth mine · Dealroom
- Summary: Osmond Resources secures $2.43M share placement to advance Spain's EU-first rare-earth mine project.
- Keywords: osmond resources, rare-earth mine, spain, andalucía, técnicas reunidas, critical minerals, eu rare earths, Dealroom
- Source: Dealroom — https://dealroom.co/news/170512-osmond-raises-2-58m-to-advance-eu-s-first-rare-earth-mine-in-spain
- Published: 2026-11-07T22:09:13+00:00
- Read time: 1 min
- Topics: osmond resources, rare-earth mine, spain, andalucía, técnicas reunidas, critical minerals, eu rare earths, startups, business
## What's the deal?
Osmond Resources has secured commitments for a US$2.43M share placement to advance its Orión rare-earth, zirconium and titanium project in Andalucía, southern Spain.
## Who's backing it?
Directors and management committed a combined US$498.2K, including roughly €281,000 in director subscriptions still subject to shareholder approval.
## What's the endgame?
Orión spans about 232km² in Jaén province and holds a maiden resource of 60 million tonnes containing titanium, zirconium, hafnium and rare earths.
## Key takeaway

Osmond Resources raised $2.43M to fund exploration and technical studies for its Orión rare-earth mine in Spain, targeting EU critical minerals independence.