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Tolu Minerals Limited ( (AU:TOK) ) has shared an update.
Tolu Minerals Limited has successfully secured A$60.5 million through an institutional placement, reflecting strong investor confidence in its strategic direction and growth potential. The funds will be used to accelerate exploration activities, refurbish existing infrastructure, and support the expansion of the Tolukuma Gold Mine, positioning the company for larger-scale production.
More about Tolu Minerals Limited
Tolu Minerals Limited operates in the mining industry, focusing on mineral resource exploration and development. The company is primarily engaged in gold mining and aims to expand its operations through strategic exploration and infrastructure development.
Average Trading Volume: 56,357
Technical Sentiment Signal: Buy
Current Market Cap: A$329.4M
Find detailed analytics on TOK stock on TipRanks’ Stock Analysis page.