Spain Rare Earth Project by Osmond Resources Aims for EU's First Output

Osmond Resources aims to produce rare earths in Spain, a first for the EU. This project could significantly change how Europe gets these vital materials.
By Newsroom | Business, Europe |

Osmond Resources is accelerating its plans for what could be the European Union's first direct rare earth production. The company's Orión EU critical minerals project in Spain is moving towards a scoping study, with Osmond poised to hold an effective 76 per cent stake upon its completion. The company is also exploring downstream processing for its extracted minerals.

Osmond Resources aims to establish the EU's inaugural vertically integrated rare earth production facility. The company has entered a collaboration with Spanish engineering firm Técnicas Reunidas to process monazite, a mineral rich in rare earth elements, into mixed rare earth carbonates and oxides within the EU. Técnicas Reunidas brings its established RARETECH technology for this process.

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The Orión project is increasingly being positioned as a source for multiple critical minerals. Alongside rare earths, Osmond is developing plans for titanium and silicon metal. This dual focus means Osmond is targeting three of the EU's 17 identified strategic critical raw materials.

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Osmond's current activities include metallurgical sample analysis, an expanded drilling program, and ongoing downstream studies. The company has also indicated discussions regarding further downstream applications for titanium, zirconium, and silica.

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Partnership Details

The collaboration agreement between Osmond and Técnicas Reunidas outlines mutual efforts towards extracting monazite and producing mixed rare earth carbonates in the EU. Técnicas Reunidas, a large global engineering company with decades of experience, is already a supplier of rare earth concentrates via its RARETECH process. This partnership signals a move towards a complete supply chain, from extraction to processed materials, within the European bloc.

Project Background

The Orión project in Spain has shown mineralisation of rutile, zircon, and monazite. Osmond Resources, an Australian company listed on the ASX, is positioning the Orión project as a key asset in securing critical raw materials for Europe. The push for domestic rare earth production in the EU is part of broader efforts to reduce reliance on external supply chains for materials deemed essential for modern technologies.

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Frequently Asked Questions

Q: What is Osmond Resources planning in Spain?
Osmond Resources is working on the Orión project in Spain to become the European Union's first producer of rare earth elements. They plan to extract and process these minerals within the EU.
Q: What is the Orión EU critical minerals project?
The Orión project is a plan by Osmond Resources in Spain to extract rare earth elements, titanium, and silicon metal. It aims to create a complete supply chain for these critical materials inside the EU.
Q: How will Osmond Resources process the minerals?
Osmond Resources is partnering with Técnicas Reunidas, using their RARETECH technology. They will process monazite into mixed rare earth carbonates and oxides within the EU.
Q: Why is this project important for the EU?
This project is important because it aims to reduce the EU's reliance on other countries for rare earth elements and other critical minerals. This helps secure supply chains for modern technology.
Q: What is Osmond's stake in the Orión project?
Upon completion of the scoping study, Osmond Resources is expected to hold an effective 76 per cent stake in the Orión EU critical minerals project.