Collective Mining Announces the Retirement of Dr. Ken Thomas From its Board of Directors
Collective Mining Announces the Retirement of Dr. Ken Thomas From its Board
of Directors
Toronto, Ontario, March 26, 2024 –Collective Mining Ltd. (TSX: CNL, OTCQX: CNLMF, FSE:
GG1) (“Collective” or the “Company”) announces that Dr. Ken Thomas, P. Eng. is retiring from the
Company’s Board of Directors effective April 1 0, 2024 . Dr. Thomas was a founding Director of
Collective and throughout his tenure acted as Lead Director and as the Chairman of the Corporate
Governance Nominating Committee.
“Ken is an exceptional individual with whom I have had the pleasure of working with for over a
decade. With more than a half century of experience under his belt, he was instrumental in guiding
Buriticá through construction and into production during his time with Continental Gold and has
continued to thrive as a founding Director of Collective Mining. We will miss his insights and
leadership as we advance our Guayabales project and wish him all the best in his retirement ,”
stated Ari Sussman, Executive Chairman.
Dr. Thomas added: “After 60 years in the mining industry focused on metallurgical and project
management , it is time to finally fully retire to spend more time with my family. Working alongside
wonderful teams at Continental Gold and Collective Mining has provided me with truly rewarding
experiences with which to end a career and would like to say thank you to all of those involved in
the journey .”
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 opt ions 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 and close family and friends own nearly 42 % 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”.
Information Contact:
Follow Executive Chairman Ari Sussman (@Ariski73) on X
Follow Collective Mining (@CollectiveMini1) on X, (Collective Mining) on LinkedIn, and
(@collectivemining) on Instagram
Investors and Media
Paul Begin, Chief Financial Officer
+1 (416) 451 -2727
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,
expectat ions, 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 relates , among other things, to: statements with respect to the anticipated use of
proceeds from the Offering, proposed activities and strategy 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 b y the forward -looking information. Such factors include,
among others: planed use of proceeds from the Offering, 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 activit ies; 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 c urrency
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 environme ntal 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 obtai ning
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 May 2, 2023. 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 b e
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.