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Tolu Minerals Secures $23.75M Convertible Note and Strengthens Fuel Reserves
9:44am on Thursday 23rd of April, 2026 AEST
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Mining
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Tolu Minerals Secures $23.75M Convertible Note and Strengthens Fuel Reserves
9:44am on Thursday 23rd of April, 2026 AEST
Key Points
AUD 23.75 million raised via convertible notes from Petrosea
Funds pending conversion to shares after May shareholder approval
Secured 600,000 litres of diesel to ensure operational continuity
Additional diesel reserves planned to cover 30 days of supply
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