Collective Mining Expands Guayabales Through ANM-Granted Mining Titles Following Public Hearings
ANM grants new titles to expand the Guayabales land package and drill-ready targets.
Collective Mining Ltd. (CNL) received additional mining titles from the Colombian National Mining Agency (ANM) on July 10, 2026, following successful public hearings in Supia and Marmato. This expansion of titled land materially increases the Company's land position, providing new drill-ready targets and supporting the advancement of the Guayabales Project. The new titles consolidate mineral title holdings, improve continuity across the Guayabales Project, and secure additional prospective ground along regional structural trends.
Exploration targets include the northwestern extension of the Trap target and greenfield generated targets, with the Company intending to commence drilling on at least one new target in 2026. The Company remains fully funded with US$113.3 million in cash (as of March 31, 2026) and has 13 diamond drill rigs currently operating, targeting up to 100,000 meters of drilling in 2026.
Collective Mining Ltd. (CNL) released a routine positive update that aligns with its previously announced land consolidation strategy and aggressive 2026 drilling program. The announcement did not contain genuinely new, unexpected, or market-moving information, as the market was already aware of the titling process, public hearings, and the company's intent to expand the Guayabales footprint.
The expansion supports the long-term development thesis by securing additional prospective ground but does not alter near-term financials or change the risk profile materially. The company's financial position remains strong, with sufficient cash to fund the planned exploration and land payment obligations through 2026.
Collective Mining Ltd. is an advanced exploration company focused on gold, silver, copper, and tungsten projects in Colombia. Its flagship Guayabales Project is anchored by the Apollo system, a large polymetallic intrusion-related deposit. The project also includes the Trap target, a gold-copper porphyry, the Plutus target, and the San Antonio Project, which features a silver-gold vein system at the Pound target.
The company is in the exploration stage and has generated no revenue to date. It aims to deliver a maiden mineral resource estimate for Apollo by mid-2027. The projects benefit from proximity to the Pan-American Highway, hydro-power lines, and a supportive local regulatory environment.