Chilwa Raises A$8.125M in Placement Anchored by Mota Family Office

Chilwa Minerals Raises Capital to Accelerate Malawi Project

Chilwa Minerals Limited (ASX, CHW) has announced the completion of a significant capital raise, securing approximately A$8.125 million through a two-tranche private placement. This funding round attracted firm commitments from existing shareholders and new institutional investors, with the Mota family office, Mota Gestão e Participações SGPS SA (Mota GP), anchoring the placement with a $1.8 million commitment. This marks the family office’s first investment in Chilwa, signaling strong confidence in the company’s progress.

The funds raised are earmarked primarily to accelerate development activities at Chilwa’s flagship Critical Minerals Project in southern Malawi. The company plans to deploy the capital across several key areas including continued sonic drilling to upgrade resource classification, additional diamond drilling targeting rare earth elements, mineralogy and metallurgy assays, an update to the heavy mineral sands resource, and an environmental and social impact assessment study. Working capital needs will also be supported by the proceeds.

Strategic Support and Governance

Chilwa’s Managing Director, Cadell Buss, expressed gratitude for the ongoing support from loyal shareholders and highlighted the strategic importance of the Mota family office’s involvement. Manuel Mota, Deputy CEO of Mota Engil and Chilwa’s Non-Executive Director, emphasized the efficiency with which the Chilwa team is advancing the project and reaffirmed Mota Engil’s commitment to supporting its development.

The placement is structured in two tranches. The first tranche, comprising over 5 million shares issued at A$1.20 each, was completed under the company’s existing placement capacity. The second tranche, involving approximately 1.7 million shares to be issued to participating directors and Mota GP, is subject to shareholder approval at an extraordinary general meeting scheduled for mid-December 2025. Newly appointed non-executive director José Martins has also committed $230,000 to the placement, signaling strong board alignment with the company’s growth plans.

Market Context and Next Steps

The offer price for the new shares reflects a modest 4.4% discount to the last closing price but a slight premium to the 10-day volume weighted average price, suggesting balanced investor appetite. Settlement of the first tranche is scheduled for late October, with shares expected to be quoted on the ASX by early November.

Looking ahead, Chilwa will focus on delivering exploration results and advancing environmental assessments, critical steps toward unlocking the value of its mineral resources. The upcoming shareholder meeting will be a key event to watch, as approval of the second tranche will solidify the company’s capital base and enable continued momentum.