Ormonde Mining plc (ORQ1)

Overview

Orion Metals Limited, initially known as Queensland Gold and Minerals Limited, is an Australian company specializing in the exploration of rare earth elements. Having changed its name in 2009 to better reflect its expanded focus, the company was originally founded in 2001. Located in Fig Tree Pocket, Australia, Orion Metals Limited delves into the rich and varied world of rare earth elements and gold, aiming to supply the increasing global demand for these critical resources. As a subsidiary of Excellence Holding HK Ltd, Orion Metals is positioned to leverage both local expertise and international connections to advance its exploration activities.

Products and Services

Orion Metals Limited specializes in the exploration and potential supply of a diverse range of rare earth elements and gold. The products it explores for include:

• Lanthanum: Widely used in catalysts for refining petroleum and in the production of special glasses.
• Cerium: Has applications in catalytic converters, glass polishing powders, and as an alloying agent.
• Praseodymium: Used in high-strength metals found in aircraft engines and for coloring glasses.
• Neodymium: Known for its use in powerful magnets that are critical for computers, mobile phones, and wind turbines.
• Samarium: Used in neutron absorption in nuclear reactors and in magnets that have high temperature stability.
• Europium: This element plays a key role in the manufacturing of fluorescent lamps and color displays.
• Gadolinium: Important for its use in medical imaging, and in manufacturing intravenous MRI contrast agents.
• Terbium: Applied in solid-state devices and as a dopant for crystal stabilization of fuel cells and sensors.
• Dysprosium: Essential for the manufacturing of neodymium-based magnets, which are used in electric vehicles and wind turbines.
• Yttrium: Finds its use in making phosphors for CRTs and LEDs, as well as in metal alloys and ceramics.
• Gold: Beyond its traditional role as a valuable asset and investment medium, gold is crucial in electronics and medical devices.