Collective Mining increases financing to $125-million

Executive Summary

• Collective Mining Ltd. increased its previously announced bought‑deal equity offering to 6.6 million common shares at C$19 per share, targeting gross proceeds of approximately C$125 million (potentially up to C$144 million if the overallotment option is exercised).
• The net proceeds will fund continued work on the Guayabales project, pursue additional exploration and development opportunities, and provide working capital for general corporate purposes.
• The offering is expected to close around October 8, 2025, subject to regulatory approvals; underwriters have a 30‑day overallotment option for up to 990,000 additional shares.

Key Details

• Offering Size: 6.6 million common shares (initial) at C$19 per share.
• Gross Proceeds: Approximately C$125 million; could rise to ~C$144 million if the overallotment option is fully exercised.
• Overallotment Option: Up to 990,000 additional shares, exercisable within 30 days of closing for market stabilization; underwriters have no obligation to exercise.
• Bookrunners: BMO Capital Markets and Bank of Nova Scotia (joint bookrunners) on behalf of a syndicate of underwriters.
• Closing Date: Expected on or about October 8, 2025, pending regulatory approvals.
• Use of Proceeds:
• Finance ongoing work programs at the Guayabales project.
• Pursue other exploration and development opportunities.
• Provide working capital and general corporate purposes.
• Offering Structure:
• Prospectus supplement to Collective’s short‑form base shelf prospectus (dated Dec 4, 2023) filed in Canadian provinces/territories (excluding Quebec & Nunavut).
• Private placement under Regulation S for U.S. persons.
• Additional private placements or equivalent offerings outside Canada and the U.S., as agreed with underwriters.
• Access to Documentation: Prospectus supplement, base shelf prospectus, and any amendments available on SEDAR+; copies obtainable free of charge via BMO Nesbitt Burns Inc.

Notable Quotes

(No direct quotes were provided in the release.)