TEXMiN Foundation Signs MoU with GIREDMET to Develop Rare Earth & Critical Mineral Technologies
On February 23, 2026, TEXMiN Foundation, a technology research and translation hub under Department of Science & Technology(DST), Ministry of Science & Technology(MoS&T), at Indian Institute of Technology (IIT) Indian School of Mines (ISM) Dhanbad (Jharkhand), signed a Memorandum of Understanding (MoU) with Russia’s State Research and Design Institute of Rare Metal Industry (GIREDMET JSC) , during the industry-Institute Interaction 2026 (III-2026) conclave and exhibition held at IIT (ISM) Dhanbad.
Key Details of MoU:
Dignitaries: The MoU was signed in the presence of Shivkumar Kalyanaraman, Chief Executive Officer (CEO), Anusandhan National Research Foundation (ANRF), Government of India (GoI).
Focus Areas: The MoU aims to jointly develop rare earth and critical mineral technologies spanning the full mining-to-materials value chain, including:

• Exploration, beneficiation, extraction & separation of rare earth elements and critical minerals
• Refining and advanced materials development, such as high-purity metals, alloys, and specialized powders
• Battery recycling technologies to recover lithium, nickel and cobalt from spent lithium-ion batteries
• Production of permanent magnets
• Smart processing insights via digital twin, Artificial Intelligence (AI)/ Machine Language (ML) and sensor-integrated systems.