Collective Mining Announces Plans to List on NYSE American Stock Exchange in Q3 2024
Collective Mining Announces Plans to List on
NYSE American Stock Exchange in Q3 2024
TORONTO
,
May 6, 2024
/CNW/ -
Collective Mining Ltd.
(TSX: CNL) (OTCQX: CNLMF) (FWB:
GG1) ("Collective" or the "Company") is pleased to announce that it plans to list its common shares
on the NYSE American stock exchange ("NYSE American") to satisfy the appetite of many U.S.
retail and institutional investors seeking to add exposure to Collective. In advance of listing on the
NYSE American, Collective will file a Form 40-F Registration Statement with the United States
Securities and Exchange Commission. Subject to the review and approval of the listing application
and satisfaction of all applicable listing and regulatory requirements, the Company expects its
common shares to commence trading on the NYSE American in Q3 2024.
The Company is also pleased to report that all of the outstanding warrants, which expired on
April
25, 2024
with a strike price of
C$3.25
from the
October 2022
financing, have been exercised for
total gross proceeds of
C$7.8 million
.
The Company is on schedule with its 2024 planned 40,000 metre drilling program and has recently
added a fifth drilling rig to the Guayabales project. There is currently one rig drilling at the Apollo
system, one rig drilling at the Trap target, one rig drilling at the Olympus target and two rigs turning
at the Box target.
About Collective Mining Ltd.
To see our latest corporate presentation and related information, please visit
www.collectivemining.com
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately
$2 billion
in enterprise value, Collective is a copper, silver, gold and tungsten exploration company
with projects in Caldas,
Colombia
. The Company has options to acquire 100% interests in two
projects located directly within an established mining camp with ten fully permitted and operating
mines.
The Company's flagship project, Guayabales, is anchored by the Apollo system, which hosts the
large-scale, bulk-tonnage and high-grade copper-silver-gold-tungsten Apollo porphyry system. The
Company's 2024 objective is to expand the Apollo system, prove that the recent discoveries at the
Olympus and Trap targets evolve into large scale systems and make a new discovery at either the
Box, Tower or X targets.
Management, insiders, a strategic investor and close family and friends own nearly 50% of the
outstanding shares of the Company and as a result, are fully aligned with shareholders. The
Company is listed on the TSX under the trading symbol "CNL", on the OTCQX under the trading
symbol "CNLMF" and on the FSE under the trading symbol "GG1".
To see our latest corporate presentation and related information, please visit
www.collectivemining.com
.
Information Contact:
Follow Executive Chairman
Ari Sussman
(
@Ariski
73
)
on X
Follow Collective Mining (
@CollectiveMini1
) on X,
(Collective Mining)
on LinkedIn, and
(@collectivemining)
on Instagram
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of the applicable
Canadian securities legislation. All statements, other than statements of historical fact, are forward-
looking information and are based on expectations, estimates and projections as at the date of this
news release. Any statement that involves discussion with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not
always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved) are not statements of historical fact and may be forward-
looking information. In this news release, forward-looking information relate, among other things, to:
anticipated advancement of mineral properties or programs; future operations; future recovery metal
recovery rates; future growth potential of Collective; and future development plans.
These forward-looking statements, and any assumptions upon which they are based, are made in
good faith and reflect our current judgment regarding the direction of our business. Management
believes that these assumptions are reasonable. Forward-looking information involves known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking information. Such factors include, among
others: risks related to the speculative nature of the Company's business; the Company's formative
stage of development; the Company's financial position; possible variations in mineralization, grade
or recovery rates; actual results of current exploration activities; conclusions of future economic
evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets;
fluctuations in spot and forward prices of gold, precious and base metals or certain other
commodities; fluctuations in currency markets; change in national and local government, legislation,
taxation, controls regulations and political or economic developments; risks and hazards associated
with the business of mineral exploration, development and mining (including environmental hazards,
industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to
obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that
may impose restrictions on mining; employee relations; relationships with and claims by local
communities and indigenous populations; availability of increasing costs associated with mining inputs
and labour; the speculative nature of mineral exploration and development (including the risks of
obtaining necessary licenses, permits and approvals from government authorities); and title to
properties, as well as those risk factors discussed or referred to in the annual information form of
the Company dated
April 7, 2022
. Forward-looking information contained herein are made as of the
date of this news release and the Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events or results, except as may be
required by applicable securities laws. There can be no assurance that forward-looking information
will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements and there may be other factors that cause results not to be
anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-
looking information.
SOURCE
Collective Mining Ltd.
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For further information:
Investors and Media: Paul Begin, Chief Financial Officer,
[email protected], +1 (416) 451-2727
CO: Collective Mining Ltd.
CNW 08:00e 06-MAY-24