- **Collective Mining Ltd.** has increased its previously announced bought deal financing to **C$125 million**.  **[1953575_0001213900-25-095138_ea026002401ex99-2_collective.htm:0]** 
- The offering consists of **6,600,000 common shares** at an issue price of **C$19.00 per share**.  **[1953575_0001213900-25-095138_ea026002401ex99-1_collective.htm:0]** **[1953575_0001213900-25-095138_ea026002401ex99-2_collective.htm:0]** 
- Underwriters have an over-allotment option to purchase an additional **990,000 common shares**, which could increase the aggregate gross proceeds to approximately **C$144 million**.  **[1953575_0001213900-25-095138_ea026002401ex99-2_collective.htm:0]** 
- The net proceeds from the offering will be used to fund ongoing work programs for the **Guayabales Project**, pursue other exploration and development opportunities, and for working capital and general corporate purposes.  **[1953575_0001213900-25-095138_ea026002401ex99-1_collective.htm:0]** **[1953575_0001213900-25-095138_ea026002401ex99-2_collective.htm:0]** 
- The offering is expected to close on or about **October 8, 2025**.  **[1953575_0001213900-25-095138_ea026002401ex99-2_collective.htm:0]**

Collective Mining Ltd. announces C$125 million common share offering

- Collective Mining Ltd. announced a **treasury offering of 5,270,000 common shares** at a price of **C$19.00 per common share**.  **[1953575_0001213900-25-094893_ea025985801ex99-1_collective.htm:0]** **[1953575_0001213900-25-094893_ea025985801ex99-2_collective.htm:0]** 
- The offering is expected to generate **gross proceeds of approximately C$100,130,000**.  **[1953575_0001213900-25-094893_ea025985801ex99-1_collective.htm:0]** 
- The company has granted underwriters an **over-allotment option** to purchase up to an additional **790,500 common shares**, which, if fully exercised, would bring the aggregate gross proceeds to approximately **C$115 million**.  **[1953575_0001213900-25-094893_ea025985801ex99-2_collective.htm:0]** 
- The net proceeds from the offering are intended to **fund ongoing work programs for the Guayabales Project**, pursue other exploration and development opportunities, and for working capital and general corporate purposes.  **[1953575_0001213900-25-094893_ea025985801ex99-1_collective.htm:0]** **[1953575_0001213900-25-094893_ea025985801ex99-2_collective.htm:0]** 
- The offering is a **bought deal** with BMO Capital Markets and Scotiabank acting as joint bookrunners, and is expected to close on or about **October 8, 2025**.  **[1953575_0001213900-25-094893_ea025985801ex99-1_collective.htm:0]** **[1953575_0001213900-25-094893_ea025985801ex99-2_collective.htm:0]**

Collective Mining Ltd. Announces C$100 Million Bought Deal Financing

- Collective Mining announced a **200-meter strike extension** at the Ramp Zone, part of its Apollo system, with drill results including **50.50 meters at 5.66 g/t gold and 13 g/t silver** from hole APC103-D6.  **[1953575_0001279569-25-001075_ex991.htm:0]** **[1953575_0001279569-25-001075_ex991.htm:1]** 
- The Ramp Zone has been defined over an area measuring **275 meters of strike by 200 meters vertical** and remains open in all directions, with the Apollo system traced over **1,300 vertical meters**.  **[1953575_0001279569-25-001075_ex991.htm:0]** 
- As of the end of Q2 2025, the company held approximately **US$70.6 million in its treasury** and is executing a **70,000-meter drill program** for 2025 utilizing ten drill rigs.  **[1953575_0001279569-25-001075_ex991.htm:0]** 
- The company also acquired additional surface and mineral rights for the Guayabales Project, with payments of **US$4.75 million for surface rights and US$2.8 million for mineral rights due in Q4 2025**, followed by annual payments through 2029 and 2030, respectively.  **[1953575_0001279569-25-001075_ex991.htm:2]**

Collective Mining Announces 200-Meter Strike Extension at Ramp Zone and Acquisition of Rights

- Collective Mining Ltd. announced successful expansion drilling at its high-grade Ramp Zone within the Apollo system, with two new holes extending the zone.  **[1953575_20251001TO87896:0]** 
- Hole APC103-D6 intersected **50.50 metres at 5.66 g/t gold and 13 g/t silver**, extending the system laterally by approximately 50 metres.  **[1953575_20251001TO87896:0]** **[1953575_20251001TO87896:1]** 
- Hole APC106-D2, the deepest hole drilled to date into the Ramp Zone, cut **70 metres at 2.00 g/t gold and 5 g/t silver**, extending the zone deeper and along strike by approximately 200 metres.  **[1953575_20251001TO87896:0]** **[1953575_20251001TO87896:1]** 
- The Ramp Zone is now defined over **275 metres of strike by 200 metres vertical** and remains open in all directions, with the Apollo system traced over **1,300 vertical metres**.  **[1953575_20251001TO87896:0]** 
- The company also acquired key additional surface and mineral rights, with initial payments of **US$4.75 million for surface rights and US$2.8 million for mineral rights due in Q4 2025**.  **[1953575_20251001TO87896:2]**

Collective Mining (CNL)