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Tolu Minerals Secures $23.75M Convertible Note and Strengthens Fuel Reserves

9:44am on Thursday 23rd of April, 2026 AEST 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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