Ximei Resources Holding Ltd. has announced a placing of new shares under its general mandate. The company has entered into a supplemental placing agreement with its placing agent, amending the Long Stop Date to 3 October 2025. The maximum net proceeds from the placement are estimated to be approximately HK$98.5 million after expenses. Ximei Resources plans to use around HK$59.1 million of the proceeds for procuring raw materials such as tantalite and columbite, and approximately HK$39.4 million for daily operational expenses, including staff salaries and administrative costs. The proceeds are expected to be fully utilized by the end of 2026. Other terms and conditions of the placing remain unchanged.
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