Chilwa Minerals ^{Filed, US Offering, Nasdaq: CHWM}

We are a mineral exploration company looking to deliver growth and value for our shareholders through achieving success from exploration and evaluation programs. Our principal activities are mineral exploration activities at the Chilwa Critical Minerals Project (the “Project”), which is located around the northern, western and southern shores of Lake Chilwa in southern Malawi. We hold, through our 100% owned subsidiaries Chilwa Minerals Africa Limited and Phalombe Minerals Limited, three exploration licenses that grant us the exclusive rights to carry out exploration for certain heavy mineral sands (“HMS”) and rare earth elements (“REE”) over a total tenement area of 881.0136 km2. The project hosts a geologically coherent and district-scale mineral system capable of supporting multiple styles of critical mineralisation, including: Heavy Mineral Sands (“HMS”), Carbonatite-hosted REE, Ionic Adsorption Clay Rare Earth Element potential. In 2025, we engaged Belenos Holdings (Pty) Ltd to prepare a technical report for the Project, which includes mineral resource estimates, through which sectional interpretation was done on all the northern deposits (Nkotamo, Halala, Beacon and Namanja West) on the Project. According to the technical report, the Project contains approximately 4.54 metric tons (“Mt”) of HMS with Total Heavy Mineral (“THM”) content at 4.01%.