FB MINING (02212) announced that on September 25, 2025, the company plans to place up to 210 million shares, representing approximately 16.7% of the company's enlarged issued share capital following the allotment and issuance of the placement shares. The placement price of HK$0.133 per placement share represents a discount of approximately 19.39% from the closing price of HK$0.165 per share on September 25. Assuming all 210 million placement shares are fully placed, the gross proceeds and net proceeds from the placement are estimated to be approximately HK$28.02 million and HK$27.32 million respectively. The company intends to use approximately 36.60% of the net proceeds from the placement for capital expenditure on the Yiduo Rock project, and approximately 63.40% for the group's general working capital.