BUZZ-Australia's Osmond Resources slips to 7-month low on discounted placement

Reuters

01/12

** Osmond Resources OSM.AX slips as much as 14.3% to A$0.6, lowest since June 11, 2025

** Stock marks biggest intraday pct drop in a month

** Diversified mineral explorer says it will raise A$6.6 million ($4.4 million) through placement

** Offer price of A$0.60/share marks 14.3% discount to last close

** Co says funds will be used to progress its Orión EU Critical Minerals Project in Spain

** OSM gained 74.7% in 2025

($1 = A$1.4928)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))

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