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The latest announcement is out from Chilwa Minerals Ltd ( (AU:CHW) ).
Chilwa Minerals Limited announced significant advancements in its heavy mineral sand project, including increased resource estimates and progress on a scoping study. The company is also exploring carbonatites for REEs and has initiated discussions on local infrastructure development. A notable strategic move is the decision to dual list on NASDAQ, driven by positive interactions with US government officials, aiming to enhance shareholder value. The recent private placement underscores confidence in Chilwa’s multi-commodity and critical minerals project.
More about Chilwa Minerals Ltd
Chilwa Minerals Limited operates in the mining industry, focusing on the exploration and development of heavy mineral sands and rare earth elements (REEs). The company is actively engaged in projects in Malawi, with a strategic emphasis on early-stage development and exploration of mineral resources.
Average Trading Volume: 56,696
Technical Sentiment Signal: Buy
Current Market Cap: A$92.23M
See more data about CHW stock on TipRanks’ Stock Analysis page.