Partnership6 May 2026, 07:11 pm
Midwest Ltd Partners with KMML for Rare Earth Project
AI Summary
Midwest Limited has been selected as the Lead Consortium Partner by Kerala Minerals and Metals Ltd (KMML) for a strategic Rare Earth Elements pilot project. The project involves setting up a pilot plant for processing monazite-rich tailings to produce rare earth mixed compounds and their separation into individual REEs. Midwest will undertake 100% of the capital investment, with KMML providing monazite tailings, land, power, and office space. Commercial production will be through a joint venture, with Midwest having the Right of First Refusal.
Key Highlights
- Midwest to lead rare earth elements pilot project with KMML.
- Project focuses on processing monazite tailings for rare earth compounds.
- Midwest will handle end-to-end execution and capital investment.
- KMML will provide resources and facilitate regulatory clearances.
- Commercial production via JV, Midwest has Right of First Refusal.