Midwest Limited (MIDWESTLTD) — Announcement

📢 Key Event
Midwest Limited selected as lead consortium partner for Kerala Minerals and Metals rare earth pilot project

🔮 What's Next
Pilot facility to be commissioned within 6 months from receipt of approvals (extendable by up to 3 months for additional R&D)

💡 Investor Takeaway
This partnership establishes Midwest as a key player in India's rare earth value chain with potential for future revenue generation through rare earth processing.

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.

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