Collective Mining Announces C$100 Million Bought Deal Financing

Executive Summary

• Collective Mining Ltd. announced a bought‑deal equity offering of 5,270,000 common shares at C$19.00 per share, targeting gross proceeds of approximately C$100 million (up to ~C$115 million if the over‑allotment option is exercised).
• The offering is being underwritten by BMO Capital Markets and Scotiabank with an over‑allotment option for an additional 790,500 shares.
• Net proceeds will be used to fund ongoing work programs at the Guayabales Project, pursue other exploration and development opportunities, and provide working capital/general corporate purposes.

Key Details

• Shares Offered: 5,270,000 common shares (plus up to 790,500 over‑allotment).
• Issue Price: C$19.00 per share.
• Gross Proceeds: Approximately C$100 million; potentially C$115 million if full over‑allotment is exercised.
• Underwriters/Bookrunners: BMO Capital Markets and Scotiabank (joint bookrunners) on behalf of a syndicate of underwriters.
• Offering Structure: Bought‑deal basis; prospectus supplement to the short‑form base shelf prospectus dated Dec 4, 2023.
• Closing Date: Expected on or about October 8, 2025, subject to regulatory approvals.
• Over‑Allotment Option: Up to 790,500 additional shares, exercisable within 30 days after closing; underwriters not obligated to exercise.
• Use of Proceeds:
• Advance the Guayabales Project work program.
• Pursue other exploration and development opportunities.
• Working capital and general corporate purposes.
• Regulatory Notes: Offering is limited to Canada (excluding Québec and Nunavut) via prospectus supplement; U.S. persons may participate only through a private placement exemption under Regulation S/Section 4(a)(2).

Notable Quotes

(No direct quotes were included in the release.)