SSH Group Receives $2.53m Investment from Xinhai Mining Services to Accelerate Domestic Growth Plans

SSH Group (ASX: SSH) has received firm commitments from Hong Kong Xinhai Mining Services and its Australian subsidiary for a $2.53 million strategic placement to accelerate the company’s expansion within the domestic mining and processing sectors.

The alliance represents a landmark moment for SSH Group, establishing a direct connection between one of Australia’s most agile emerging mining services companies and one of the world’s largest and most advanced mining engineering, processing and construction firms.

It signals SSH’s transition to a vertically-integrated mining services platform with global partnerships, technological depth and the capital strength to pursue large-scale opportunities.

Terms of the Placement

SSH will issue Xinhai with 16.8 million fully-paid shares priced at $0.15 each, as well as 8.44 million unlisted free-attaching options exercisable at $0.25 each with a two-year expiry.

The issue price represents a 3% premium to SSH’s last trading price of $0.145 and a 1% premium to the 15-day volume weighted average price of $0.148.

SSH expects the placement to strengthen its balance sheet, enabling it to accelerate operations across its business units (specifically, SSH Mining and KMH), advance its current project opportunities, and support working capital requirements.

On completion of the transaction, Xinhai will hold 15.5% equity in SSH, and Xinhai chair and global mining consultant Zhang Zhongyi will join the SSH board of directors.

Ideal Local Partner

Mr Zhongyi said the Xinhai group was proud to join SSH as a strategic partner and long-term investor.

“SSH’s operational depth and strong market presence makes it an ideal partner for Xinhai’s expansion in Australia—together, we will deliver advanced mining and processing solutions that set new benchmarks for safety, efficiency and sustainability,” he said.

SSH managing director Daniel Cowley-Copper said the Xinhai investment was not just a traditional capital raise, but a partnership that marks the next phase of evolution for SSH.

“We have built a company that can hire, mine; and own—now, with Xinhai’s backing, we will be able to aggressively scale and pursue our growth targets,” he said.

“The investment is a resounding endorsement of our capability and direction.”