Collective Mining Appoints Ned Jalil as Chief Executive Officer of the Company TORONTO ,
Collective Mining Appoints Ned Jalil as Chief
Executive Officer of the Company
TORONTO
,
April 21, 2025
/CNW/ -
Collective Mining Ltd.
(NYSE: CNL) (TSX: CNL)
("Collective"
or the "Company")
is pleased to announce changes in the executive management of the Company
effective immediately with the appointment of
Ned Jalil
as Chief Executive Officer, and former CEO
Omar Ossma
retaining his role as President and continuing to perform his same duties within the
day-to-day operations of the Company.
Ned Jalil
is a seasoned mining executive with over 25 years of global experience across gold, silver,
and key battery metals including copper and nickel. Ned has successfully led projects from
exploration through to feasibility, construction and production. Ned has held senior executive roles
with
Kinross Gold
("Kinross") and Appian Capital ("Appian"). As Chief Technical Officer at Kinross,
Ned was instrumental in advancing key assets including the Great Bear project, where he delivered
a 5-million-ounce initial resource, and
Manh Choh
, where he led a team that transitioned the asset
from study to construction. At Appian, Ned led the construction and operational readiness of the
MVV Copper-Gold Project, completing it ahead of schedule and under budget. Ned holds an MBA
from the Kellogg-Schulich Executive MBA Program, along with Bachelor and Master degrees in
mining engineering from Queen's University. He is a licensed Professional Engineer and a qualified
person under National Instrument 43-101 and brings a strong foundation of technical and academic
excellence to his leadership roles.
Ned Jalil
commented: "I am thrilled to be joining such a dynamic and growing Company where I can
lead a team with the goal of advancing the Guayabales project's Apollo discovery to production.
Both the Guayabales and
San Antonio
projects are fortunately located in areas with excellent
infrastructure with mining supportive populations and local governments. The potential for growth at
the Guayabales project is astounding and I am excited to be part of one of the best new discoveries
of the past decade made in
Latin America
."
"On behalf of the board of directors and management team, I would like to welcome Ned to the
Collective team. Ned is a dynamic individual, who thinks outside the box and loves to tackle
challenges head-on. The Company is now moving at a rapid pace and Ned's background and
experience are exactly what we need at this juncture to take the Guayabales project to an ultimate
production decision," commented
Ari Sussman
, Executive Chairman.
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 gold, silver, copper 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 gold-silver-copper-tungsten Apollo system. The Company's
objectives are to improve the overall grade of the Apollo system by systematically drill testing newly
modeled potentially high-grade sub-zones, expand the Apollo system by stepping out along strike to
the north and expanding the newly discovered high-grade Ramp Zone along strike and to depth,
expand the Trap system and drill a series of newly generated targets including Tower and X.
Management and insiders own approximately 33.4% of the outstanding shares of the Company and
as a result, are fully aligned with shareholders. The Company is listed on the NYSE American and
TSX under the trading symbol "CNL" 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
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" and "forward-looking information" within the
meaning of applicable securities legislation (collectively, "forward-looking statements"). All
statements, other than statements of historical fact, are forward-looking statements 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 statements. In this news
release, forward-looking statements relate, among other things, to: the 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 future events including the direction of our
business. Management believes that these assumptions are reasonable. Forward-looking
statements involve 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
statements. 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
March 24,
2025
. Forward-looking statements 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 statements 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 statements.
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 06:30e 21-APR-25