PERTH, Australia, Oct. 02, 2026 (GLOBE NEWSWIRE) -- Chilwa Minerals Limited, an Australian company (ASX:CHW, NASDAQ:CHWM) (Chilwa or the Company), is pleased to announce the closing of its underwritten public offering. The offering consisted of 625,000 American Depositary Shares (“ADSs") and warrants to purchase 625,000 ADSs at an offering price of US$5.60 per ADS and accompanying warrant. Each ADS offered represents 10 ordinary shares of Chilwa. The gross proceeds, before deducting underwriter discounts and offering expenses, were US$3.5 million. The warrants have an exercise price of US$5.60 per ADS, are exercisable immediately upon issuance and expire on the fifth anniversary of the original issuance date. The ADSs began trading on the Nasdaq Capital Market under the ticker symbol “CHWM” on October 1, 2026.

HIGHLIGHTS Chilwa Minerals Limited has raised approximately US$3.5 million through an underwritten offering of American Depositary Shares (ADS) Chilwa's ADS will be listed on the Nasdaq Capital Market (Nasdaq), while its ordinary shares continue to trade on the Australian Securities Exchange (ASX). Funds raised will be used to further Chilwa's mineral exploration activities, for working capital and other general corporate purposes.