Collective Mining Increases Previously Announced Bought Deal Financing to C$125 Million

Executive Summary

• Collective Mining increased its previously announced bought‑deal equity offering to 6,600,000 common shares at C$19.00 per share, targeting gross proceeds of approximately C$125 million (potentially up to C$144 million if the over‑allotment option is exercised in full).
• The net proceeds will be used to fund ongoing work programs at the Guayabales Project, pursue additional exploration and development opportunities, and provide working capital/general corporate purposes.
• Closing of the offering is expected on or about October 8, 2025, subject to regulatory approvals; the underwriters have a 30‑day over‑allotment option for up to an additional 990,000 shares.

Key Details

• Offering Size: Increased to 6,600,000 common shares (original size not restated).
• Issue Price: C$19.00 per share.
• Gross Proceeds (base): Approximately C$125 million.
• Over‑allotment Option: Up to 990,000 additional shares; if fully exercised, total gross proceeds rise to ~C$144 million.
• Underwriters / Bookrunners: BMO Capital Markets and Scotiabank (joint bookrunners) leading a syndicate of underwriters.
• Closing Date: Expected on or about October 8, 2025.
• Regulatory Conditions: Subject to receipt of all necessary regulatory approvals in Canada; prospectus supplement filed within two business days for Canadian provinces/territories (excluding Québec and Nunavut).
• Use of Proceeds:
• Advance the Guayabales Project work program.
• Pursue other exploration and development opportunities.
• Working capital and general corporate purposes.
• Offering Structure:
• Offered via a prospectus supplement to Collective’s short‑form base shelf prospectus (dated Dec 4, 2023).
• Also available in the U.S. to “U.S. persons” under Regulation S private placement exemption and in other jurisdictions on a private‑placement basis as agreed with underwriters.
• Distribution Restrictions: Securities not registered under the U.S. Securities Act; cannot be offered or sold in the United States absent registration or an applicable exemption.

Notable Quotes

(No direct quotes from executives were included in the release.)