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Chilwa Minerals Ltd (ASX:CHW)

ALERT: Price-sensitive ASX Announcement for CHW
Current share price for CHW : $0.880 -0.375 (-29.88%)+
Announcement
Release
24 Oct 2025 9:34AM
Price at Release
$1.255
Full Release
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Summary
Chilwa Minerals Limited, listed as CHW on the ASX, has announced the successful completion of an $8.125 million private placement. This funding round was supported by existing shareholders and new institutional investors, including a $1.8 million commitment from Mota Gestão e Participações SGPS SA, subject to shareholder and regulatory approvals. The raised capital will be used to advance the company's flagship Critical Minerals Project in Malawi, focusing on exploration, mineralogy, and environmental impact assessments. This placement consists of two tranches, with the first tranche involving the issuance of 5,063,001 new shares at a price of A$1.20 each. The company's board supports this initiative, with a shareholder meeting scheduled for December 2025 to approve the second tranche.
Key Points
  • Chilwa Minerals Limited raised $8.125 million through private placement.
  • The placement was cornerstoned by Mota family office for $1.8 million.
  • Funds to be used for Critical Minerals Project in Malawi.
  • The placement involves two tranches; first tranche shares priced at A$1.20.
  • Shareholder meeting for tranche two approval set for December 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.