Midwest Energy Limited

Nature of Disclosure: Regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulation 30, regarding signing of a Memorandum of Understanding (MoU).

Parties Involved: The MoU is between four parties:

1. Midwest Energy Limited (India-based rare earth permanent magnet producer)

2. Midwest Limited (India-based mining and minerals processing company)

3. Non-Ferrous Materials Technology Development Centre (NFTDC) (Autonomous R&D institution under Ministry of Mines, Government of India)

4. PT Perusahaan Mineral Nasional (Persero) (PERMINAS) (Indonesia's state-owned strategic minerals enterprise)

Purpose of Agreement: The MoU establishes a framework to evaluate potential collaboration across the rare earth value chain in Indonesia, including:

  • Upstream exploration and resource assessment
  • Mining operations
  • Processing, extraction, and refining
  • Downstream manufacturing, with specific focus on rare earth magnet production
  • Opportunities in related areas

Scope of Collaboration:

  • Midwest Energy Limited: Will provide technology and operational expertise in establishing Rare Earth Magnet manufacturing plant
  • Midwest Limited: Will contribute expertise in exploration, mine planning, environmental studies, mining and mineral processing operations, and extraction and separation of rare earth elements
  • NFTDC: Will provide technology, technical expertise and services across the value chain
  • PERMINAS: Will provide access to critical minerals and rare earth resources for Joint Development in Indonesia

Implementation Structure: The parties shall establish a joint working group to plan and monitor project implementation.

Financial Considerations: The MoU does not specify any monetary consideration or financial commitment at this stage (Size of agreement: Not Applicable).

Shareholding Relationships: The Company does not hold any shareholding in PERMINAS, and vice-versa.

Related Party Transaction Status: The transaction does not fall within related party transactions.

Additional Details: No special rights like right to appoint directors, first right to share subscription, or right to restrict capital structure changes are mentioned. No loan agreements, share issuances, or other financial arrangements are involved.

Regulatory Reference: Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 dated 30th January, 2026.

Disclaimer: The document contains forward-looking statements subject to risks and uncertainties, with actual results potentially differing substantially from expressed or implied statements.

Contact Information: Investor Relations - Mrs. Soumya Kukreti - cs@midwestenergy.in