Chilwa Minerals Limited - American Depository Shares (CHWM)

Chilwa Minerals Limited is an Australian mineral exploration company headquartered in Perth, Western Australia. Its American depositary shares trade on Nasdaq under the ticker CHWM.

The company's main asset is the Chilwa Critical Minerals Project in southern Malawi, located around the shores of Lake Chilwa. The project is held under exploration licences that cover heavy mineral sands and rare earth element prospects, and the company carries out drilling, sampling and evaluation programs to define the size and quality of these deposits. Heavy mineral sands can contain titanium minerals such as ilmenite and rutile as well as zircon and monazite, which are used in pigments, ceramics and rare earth supply chains.