NLCIL has signed a memorandum of understanding (MoU) with Indian Rare Earths Limited (IREL) to jointly explore and develop opportunities in the critical minerals and rare earth elements (REE) sector.
Under the agreement, the two companies will collaborate on the development of mutually agreed critical mineral assets, including activities such as mining, excavation, and refining. The partnership aims to acquire and source raw materials both domestically and internationally, in line with the Government of India’s push for public sector enterprises to secure critical mineral assets with a clear timeline.