In this contribution we review the mineralogical characteristics of five new and rare minerals discovered in the Othrys and Vermion ophiolites located in Greece, with the aim to better understand their origin. Three new minerals, namely tsikourasite Mo3Ni2P(1+x) (x < 0.25), grammatikopoulosite NiVP and eliopoulosite V7S8, were found in the chromitite from the Agios Stefanos deposit, whereas arsenotučekite Ni18Sb3AsS16 was discovered in the Eretria (Tsangli) chromium mine, located in the Othrys ophiolite complex. The formation of the new phosphides tsikourasite and grammatikopoulosite and the sulfide eliopoulosite from Agios Stefanos took place after the precipitation of the host chromitite. Very likely, they formed at lower pressure in an extremely low fO2 and reducing environment during the serpentinization that affected the host ophiolite. The origin of arsenotučekite in chromitites coexisting with Fe–Ni–Cu-sulfide mineralization and magnetite at the Eretria (Tsangli) mine, is believed to be related to a circulating hydrothermal system. The most salient feature of theophrastite Ni(OH)2 and associated unnamed (Ni,Co,Mn)(OH)2 with a varying compositional range and a concentrating development, as successive thin layers, composed by fine fibrous crystals. The extremely tiny crystals of these hydroxides and the spatial association of mixed layers of Ni-silicides with theophrastite may reflect the significant role of the interaction process between adjacent layers on the observed structural features. The scarcity in nature of the new minerals reviewed in this paper is probably due to the required extreme physical-chemical conditions, which are rarely precipitated.