SSH Group Placement Backed by Mining Sector Leaders
| Stock | SSH Group Ltd (SSH.ASX) |
|---|---|
| Release Time | 12 Jun 2025, 9:10 a.m. |
| Price Sensitive | Yes |
SSH Group Placement Backed by Mining Sector Leaders
- Raised $2.75 million through a placement
- Cornerstone investor Mr. Ross Stewart Norgard committed $1.1 million
- Funds to support rapid expansion of SSH Mining division
SSH Group Ltd (ASX:SSH) has received firm commitments to raise $2.75 million (before costs) through a placement. The placement was strongly supported by institutional funds, sophisticated investors, senior mining and civil sector executives, as well as existing SSH shareholders. The company is particularly pleased to welcome Mr. Ross Stewart Norgard as a cornerstone investor, with a firm commitment of $1.1 million. Mr. Norgard is a respected Australian businessman and investor, known as a founding Chairman, Director, and major shareholder of both Brockman Mining Limited and Nearmap Limited, which grew to exceed US$1 billion in market capitalization. SSH has been actively building a vertically integrated mining services platform through its established KMH vertical and newly launched SSH Mining division. The proceeds from the raise will be used to accelerate the execution of this growth strategy, including evaluating and commercializing low-grade gold stockpiles, mobilizing for the Gold Duke Project, executing on current mining joint ventures and profit-share opportunities, and assessing direct project ownership and strategic acquisitions in the mining services sector.
With an expanding pipeline, proven operating platform, and strong investor backing, SSH is well placed to deliver value-accretive outcomes and long-term shareholder returns.