Osmond lands €250,000 — the maximum on offer — in Spanish mining grant
What's the deal? Osmond ResourcesDealroom has a profile for this one. Try Dealroom → (ASX: OSM) has secured a €250,000 provisional grant from Spain's ministry for the ecological transition and the demographic challenge (MITERD)Dealroom has a profile for this one. Try Dealroom → to advance its Orión critical minerals project. The grant was the maximum amount awarded in the first funding round, out of €1,582,580 shared across nine projects.
Why now? The money comes under Spain's Programa Nacional de Exploración Minera 2026-2030, approved on March 10, 2026, which sets aside €182 million for private exploration through 2030. The program targets raw materials essential for the energy and digital transitions, plus the recovery of minerals from mining waste.
What's the endgame? Osmond is working to deliver what it calls the EU's first rare earth, titanium, and zirconium mine. A 13-hole drilling program at Orión is due to begin in the coming days, mainly testing ground outside the current Mineral Resource Estimate boundary; a second rig is expected on site from the week of October 12, 2026.
What else? Osmond also completed the final share issuance for an 80% interest in Iberian Critical Minerals, which owns 95% of the Orión project. Alongside drilling, the company is pursuing a Spanish secondary listing and downstream product opportunities.
The signal: The grant sits at roughly the 25th percentile by amount against comparable rounds, a modest sum but a notable one — it is the single largest award in Spain's opening tranche, positioning Osmond at the front of a national push to map critical minerals the EU needs for its energy transition.
Read more: listcorp.com
Image credit: géry60
