Collective Mng - CNL STOCK NEWS

Collective Mining (NYSE: CNL) has successfully closed a significant investment deal with Agnico Eagle Mines , raising total gross proceeds of C$63.4 million. The transaction consists of two parts: a C$52.1 million offering where Agnico Eagle subscribed for 4,741,984 common shares at C$11.00 per share, and the early exercise of warrants to acquire 2,250,000 additional shares at C$5.01 per share, generating C$11.27 million.

Following these transactions, Agnico Eagle's ownership in Collective Mining has increased to approximately 14.99%. The proceeds will fund exploration activities on the Company's Colombian properties and general working capital needs. The deal includes an amended investor rights agreement granting Agnico Eagle participation rights and board nomination privileges.

Collective Mining (NYSE: CNL) has secured a significant investment from Agnico Eagle Mines through two transactions totaling C$63.4 million. The deal includes Agnico Eagle's subscription for 4,741,984 common shares at C$11.00 per share, and the early exercise of warrants to acquire 2,250,000 additional shares at C$5.01 per share.

Upon closing, Agnico Eagle's ownership stake in Collective Mining will increase to approximately 14.99%. The proceeds will fund exploration activities at the Company's Guayabales Project in Colombia and general working capital needs. The transaction's completion is subject to regulatory approvals from the Toronto Stock Exchange and NYSE American.

Collective Mining (NYSE: CNL) has announced exceptional drilling results from its Apollo system at the Guayabales Project in Caldas, Colombia. The company's best hole to date, APC105-D1, intersected 75.80 metres at 8.01 g/t gold equivalent in the newly discovered Ramp Zone, including a high-grade section of 21.00 metres at 24.16 g/t gold equivalent.

A second hole, APC103-D3, cut 20.30 metres at 6.68 g/t gold equivalent before being terminated by a post-mineral dyke. The Ramp Zone's dimensions now measure at least 75 metres of strike by up to 480 metres width by 150 metres vertical and remain open in all directions.

The company is executing an aggressive 60,000-metre drill program for 2025 with six rigs currently operating, and two additional rigs expected to join in late Q1 and early Q2. The Ramp Zone discovery shows similarities to the multi-million-ounce Marmato Deeps deposit located 1.75 kilometres southeast.

Collective Mining has announced significant drilling results from its Apollo system within the Guayabales Project in Caldas, Colombia. The highlight is drill hole APC104-D5, which yielded the best intersection to date, returning 106.35 metres at 9.05 g/t gold equivalent within 497.35 metres at 3.01 g/t gold equivalent.

The company's drilling program has revealed high-grade sub-zones within the Apollo system, with APC104-D5 achieving a record grade accumulation of 1,499 g/t gold equivalent. Additional holes APC104-D3 and APC104-D4 returned notable results of 351.35 metres at 2.00 g/t and 176.40 metres at 3.15 g/t gold equivalent, respectively.

Collective Mining currently operates six drill rigs as part of its fully funded 60,000-metre drill program for 2025, with a seventh rig being mobilized. The company has completed approximately 108,000 metres of diamond drilling at the Guayabales Project, including 72,500 metres at Apollo.

Collective Mining (NYSE: CNL) (TSX: CNL) has appointed Jasper Bertisen to its Board of Directors, effective immediately. Bertisen brings extensive mining industry experience, particularly in mining private equity with Resource Capital Funds, where he oversaw due diligence and strategy execution for various mining investments.

The new board member has served on multiple private and public mining company boards and advisory boards of mining technology companies. He is currently an Adjunct Professor at the Colorado School of Mines and holds M.Sc. degrees in Mining Engineering and Mineral Economics. According to Board Chairman Ari Sussman, Bertisen's technical and financial expertise will provide valuable strategic guidance in advancing the company's Guayabales project.

Collective Mining (NYSE: CNL) has announced significant drill results from its Apollo system at the Guayabales Project in Colombia. The company reported impressive intersections from two follow-up drill holes in the newly discovered Ramp Zone, including 51.95 metres grading 8.38 g/t gold equivalent in hole APC103-D2, the deepest hole ever drilled at Apollo.

The Ramp Zone has been expanded by approximately 50 meters along strike and 150 metres vertically, with mineralization identified between 1,050 and 1,200 metres below surface. The zone shares similarities with Aris Mining's Marmato Deeps deposit, located 1.75 kilometres away, but shows materially higher grades. The company currently has five drill rigs operating as part of its fully funded 60,000-metre drill program for 2025, with two additional rigs expected to begin drilling in February.

Collective Mining (NYSE: CNL) has initiated drilling at its San Antonio Project in Caldas, Colombia, planning to test three major gold-copper porphyry targets within a 2.5-kilometer mineralized corridor. The company has deployed five drill rigs as part of its fully funded 60,000-metre drill program for 2025, with two additional rigs scheduled to begin operations in late January and February.

The drilling program will focus on three targets: Pound, where previous drilling in 2021 intercepted significant mineralization including 710 metres at 0.53 g/t gold equivalent and 750 metres at 0.41 g/t gold equivalent; Real, located 400 metres northwest of Pound, featuring gold and copper mineralized porphyry clasts; and Euro, situated one kilometer south of Pound, characterized by coherent soil anomalies for gold, copper, and molybdenum.

Collective Mining (NYSE: CNL) has announced final assay results from its 2024 drill program at the Trap and Plutus targets in Colombia. The company reported significant findings at the Trap Main Zone (TMZ), including an intercept of 40.5 metres at 4.01 g/t gold equivalent and the discovery of a new high-grade vein system yielding up to 0.8 metres at 816 g/t gold.

The TMZ shows mineralization continuity over 700 metres of strike length, starting from surface to a depth of 916 metres. The company has identified two distinct styles of mineralization: porphyry-related D veins mixed with late-stage polymetallic vein systems. A new high-grade gold vein system was discovered in the southern portion, showing at least 400 metres of strike length potential.

The company currently operates five drill rigs as part of its fully funded 60,000-metre drill program for 2025, with two additional rigs scheduled to begin operations in late January and February.

Collective Mining (NYSE: CNL) has announced significant drilling results from its Apollo system at the Guayabales Project in Colombia. The company's drill hole APC104-D1 intercepted 534.40 metres at 2.70 g/t gold equivalent, including a high-grade section of 150.55 metres at 6.16 g/t gold equivalent.

This represents the largest grade accumulation intercepted to date at Apollo at 1,440 g/t gold equivalent, 38% higher than the average of previous significant intercepts. The company has completed two additional holes testing the newly modeled high-grade subzones, with assay results expected in early Q1, 2025.

For 2025, Collective Mining has planned a fully funded 60,000-metre drill program, the largest in company history, focusing on systematically testing the vertical extent of new modeled high-grade subzones covering more than 1,000 vertical metres.