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Midwest Limited accepted Letters of Intent from The Andhra Pradesh Mineral Development Corporation Ltd. (APMDC) for Raising-Cum-Sale Contracts to work granite quarry leases. The LOIs do not specify a commercial consideration or a fixed execution timeline.
Midwest selected as Lead Consortium Partner by KMML for a rare earth elements pilot project. Company to invest 100% CAPEX. Project expected within 6 months of approvals.