Midwest Limited (MIDWESTLTD) — Announcement(2 announcements)

Midwest Limited announced it has been selected as the lead consortium partner by Kerala Minerals and Metals Ltd. (KMML) for a rare earth elements pilot project in Kerala. The project involves processing monazite-rich tailings to produce rare earth compounds and separation of individual rare earth elements, with a 6-month commissioning timeline and 100% capital investment by Midwest. KMML will provide monazite tailings, land, utilities, and regulatory support. The collaboration supports India's self-reliance goals in critical minerals and marks Midwest's strategic expansion into rare earth processing. The company emphasized this aligns with its diversification into heavy mineral sands and rare earth elements, complementing its existing quartz and granite operations while advancing its vision of becoming a top global producer of rare earth oxides.

Midwest Limited announced it has been selected as Lead Consortium Partner by Kerala Minerals and Metals Ltd. for a rare earth elements pilot project involving monazite tailings processing. The project requires 100% capital investment by the Company and aims for pilot plant commissioning within six months of approvals, extendable by three months. This strategic opportunity positions the Company in the emerging rare earth sector with potential long-term value creation for shareholders.