$CHWM

Chilwa Minerals (ASX: CHW) updated its mineral resource estimate to 172 million tonnes, completed a Nasdaq listing, and received a revised valuation of A$1.78 per share from Trim Capital. The valuation reflects weaker industry multiples but still suggests 145% upside from the current A$0.725 share price. The company's exploration success and Nasdaq listing are seen as positive developments.

Chilwa Minerals Limited (CHWM) raised $3.5M through an offering of 625K ADSs and warrants at $5.60 each. Warrants are exercisable immediately and expire in 5 years. The underwriter partially exercised its option to buy 92K warrants. According to the company, the funds will support exploration at the Chilwa Critical Minerals Project.

Chilwa Minerals (CHWM) priced its Nasdaq IPO at $5.60 per share, selling 625,000 shares. The small float may lead to significant price volatility. The SEC filing includes financials and risk factors.

Chilwa Minerals (CHWM) priced a US$3.5M offering of 625,000 ADSs and warrants, with trading on Nasdaq expected to start Oct. 1, 2026. Proceeds will fund mineral exploration and corporate purposes. The underwriter has a 45-day option for additional securities.