Chilwa Minerals Ltd

Chilwa Minerals Ltd (CHWM) priced its initial public offering on Oct 2, 2026 at $5.60 per ADS, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $58.4M. Maxim Group was lead-left underwriter. Ellenoff Grossman & Schole advised the underwriters.

Chilwa Minerals Ltd is an Australian mineral exploration company, listed on the ASX in 2023, whose principal activity is exploration at the Chilwa Critical Minerals Project around Lake Chilwa in southern Malawi. It is at the exploration stage and has no mineral reserves.

Status

IPO

Ticker

CHWM

Exchange

Nasdaq Capital Market

Priced

Oct 2, 2026

IPO price

$5.60 per ADS

Market cap at IPO price

$58.4M

First filed

Jul 9, 2026

Underwriters

Maxim Group

Underwriters' counsel

Ellenoff Grossman & Schole

Sector

Energy, mining & utilities

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.