Midwest Limited Selected as Lead Partner for Rare Earth Elements Pilot Project
Midwest Limited selected as Lead Consortium Partner by KMML for a strategic Rare Earth Elements pilot project. The project involves processing monazite tailings and includes technology development and pilot plant setup. Midwest will make the entire capital investment, with commissioning expected within 6 months of approvals.
This partnership positions Midwest Limited as a key player in a strategic sector (rare earth elements) and involves significant capital investment and end-to-end execution, which is expected to have a high impact on the company's future.
The selection as a Lead Consortium Partner for a strategic project in rare earth elements is a positive development for the company, indicating growth and diversification.
Midwest Limited has been selected as the Lead Consortium Partner by Kerala Minerals and Metals Ltd. (KMML), a Government of Kerala undertaking, for a strategic technology development and pilot plant project focused on rare earth elements. This collaboration aims to establish a pilot project for processing monazite-rich tailings and residue to produce rare earth mixed compounds, followed by downstream separation of Rare Earth Elements (REEs). The project scope includes end-to-end execution, from mineral processing to produce high-purity monazite concentrate to the extraction and separation of individual REEs, along with technology development and pilot plant installation.
A Memorandum of Understanding (MoU) will be signed with KMML after obtaining necessary statutory and administrative approvals. The pilot facility is slated for commissioning within six months from the receipt of approvals, with a potential extension of up to three months for additional R&D. Midwest Limited will undertake 100% of the capital investment for the pilot project. KMML will provide up to 50 MT of monazite tailings, up to 2 acres of land on lease (free of cost), power, and water for construction, and facilitate statutory clearances.
Mr. Kollareddy Ramachandra, Promoter, Whole-time Director, and CEO of Midwest Limited, stated that this project is a significant milestone and a natural progression of the company's diversification into rare earths, complementing its Heavy Mineral Sands (HMS) activities in Sri Lanka. He highlighted the company's capabilities in advanced mineral processing and its alignment with India's focus on self-reliance in critical minerals. Midwest Limited aims to become a world-class integrated materials processing company with long-term visions in quartz grit, titanium feedstock, and rare earth oxides.
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Midwest Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Midwest Limited. Read the original for the full detail.