Collective Mining Categorically Rejects the Erroneous Allegations Made Against the Company
Collective Mining (NYSE: CNL) has issued a strong rebuttal to a short thesis report, defending its operations in Colombia. The Company emphasizes that all exploration activities at its Guayabales and San Antonio projects have been conducted in full compliance with Colombian law since its 2020 incorporation.
The Company addresses concerns about incomplete cells between mining titles, explaining that these gaps are a common industry issue that cannot be claimed by third parties. Management confirms that all mining titles are valid and in good standing, and the Company has secured surface rights covering the entire Apollo system.
Collective Mining also confirms that its drilling activities, both inside and outside title boundaries, are fully permissible under Colombian law. The Company currently operates 10 drilling rigs as part of its fully funded 70,000-metre drill program for 2025, with plans to add a third rig at the San Antonio project by August end.
Collective Mining (NYSE: CNL) ha risposto con decisione a un rapporto critico, difendendo le proprie operazioni in Colombia. La Società sottolinea che tutte le attività di esplorazione nei suoi progetti Guayabales e San Antonio sono state svolte nel pieno rispetto della normativa colombiana sin dalla sua costituzione nel 2020.
L’azienda affronta le preoccupazioni relative alle celle incomplete tra i titoli minerari, spiegando che tali lacune sono un problema comune nel settore e non possono essere rivendicate da terzi. Il management conferma che tutti i titoli minerari sono validi e regolarmente aggiornati, e che la Società ha ottenuto i diritti di superficie che coprono l’intero sistema Apollo.
Collective Mining conferma inoltre che le sue attività di perforazione, sia all’interno che all’esterno dei confini dei titoli, sono pienamente autorizzate dalla legge colombiana. Attualmente, la Società gestisce 10 impianti di perforazione nell’ambito del suo programma di perforazione di 70.000 metri per il 2025, con l’intenzione di aggiungere un terzo impianto al progetto San Antonio entro la fine di agosto.
Collective Mining (NYSE: CNL) ha emitido una firme réplica a un informe crítico, defendiendo sus operaciones en Colombia. La Compañía enfatiza que todas las actividades de exploración en sus proyectos Guayabales y San Antonio se han realizado en total cumplimiento con la ley colombiana desde su constitución en 2020.
La Compañía aborda las preocupaciones sobre celdas incompletas entre títulos mineros, explicando que estas brechas son un problema común en la industria y no pueden ser reclamadas por terceros. La gerencia confirma que todos los títulos mineros son válidos y están en regla, y que la Compañía ha asegurado los derechos de superficie que cubren todo el sistema Apollo.
Collective Mining también confirma que sus actividades de perforación, tanto dentro como fuera de los límites de los títulos, están completamente permitidas bajo la ley colombiana. Actualmente, la Compañía opera 10 equipos de perforación como parte de su programa de perforación totalmente financiado de 70,000 metros para 2025, con planes de añadir un tercer equipo en el proyecto San Antonio para finales de agosto.
Collective Mining (NYSE: CNL)은 콜롬비아에서의 운영을 방어하며, 숏 셀 보고서에 강력히 반박했습니다. 회사는 2020년 설립 이후 Guayabales 및 San Antonio 프로젝트에서 모든 탐사 활동이 콜롬비아 법을 완전히 준수하여 진행되었음을 강조합니다.
회사는 광산권 사이의 미완성 셀에 대한 우려를 다루며, 이러한 공백은 업계에서 흔한 문제이며 제3자가 주장할 수 없다고 설명합니다. 경영진은 모든 광산권이 유효하며 정상 상태임을 확인하고, 회사가 전체 Apollo 시스템을 포괄하는 지상 권리를 확보했다고 밝혔습니다.
Collective Mining은 또한 광산권 경계 내외부에서의 시추 활동이 콜롬비아 법에 따라 완전히 허용됨을 확인합니다. 현재 회사는 완전 자금 지원된 2025년 70,000미터 시추 프로그램의 일환으로 10대의 시추 장비를 운영 중이며, 8월 말까지 San Antonio 프로젝트에 세 번째 시추 장비를 추가할 계획입니다.
Collective Mining (NYSE : CNL) a publié une forte réplique à un rapport de thèse à découvert, défendant ses opérations en Colombie. La société souligne que toutes les activités d’exploration sur ses projets Guayabales et San Antonio ont été menées en pleine conformité avec la législation colombienne depuis sa création en 2020.
La société répond aux préoccupations concernant des cellules incomplètes entre les titres miniers, expliquant que ces lacunes sont un problème courant dans l’industrie et ne peuvent être revendiquées par des tiers. La direction confirme que tous les titres miniers sont valides et en règle, et que la société a obtenu les droits de surface couvrant l’ensemble du système Apollo.
Collective Mining confirme également que ses activités de forage, à l’intérieur comme à l’extérieur des limites des titres, sont entièrement autorisées par la loi colombienne. La société exploite actuellement 10 plateformes de forage dans le cadre de son programme de forage entièrement financé de 70 000 mètres pour 2025, avec l’intention d’ajouter une troisième plateforme au projet San Antonio d’ici fin août.
Collective Mining (NYSE: CNL) hat eine deutliche Gegenreaktion auf einen Short-These-Bericht veröffentlicht und verteidigt seine Aktivitäten in Kolumbien. Das Unternehmen betont, dass alle Explorationsaktivitäten bei seinen Guayabales- und San Antonio-Projekten seit der Gründung im Jahr 2020 vollständig im Einklang mit dem kolumbianischen Recht durchgeführt wurden.
Das Unternehmen geht auf Bedenken bezüglich unvollständiger Flächen zwischen Bergbaulizenzen ein und erklärt, dass diese Lücken ein häufiges Problem in der Branche sind und nicht von Dritten beansprucht werden können. Das Management bestätigt, dass alle Bergbaulizenzen gültig und in gutem Zustand sind und dass das Unternehmen die Oberflächenrechte für das gesamte Apollo-System gesichert hat.
Collective Mining bestätigt außerdem, dass seine Bohraktivitäten sowohl innerhalb als auch außerhalb der Lizenzgrenzen vollständig nach kolumbianischem Recht zulässig sind. Das Unternehmen betreibt derzeit 10 Bohranlagen im Rahmen seines vollständig finanzierten 70.000-Meter-Bohrprogramms für 2025 und plant, bis Ende August eine dritte Anlage im San Antonio-Projekt hinzuzufügen.
- All mining titles are valid and in good standing
- Company has secured 100% surface rights for the Apollo system
- Fully funded 70,000-metre drill program for 2025 with 10 rigs operating
- Expansion of drilling program with addition of third rig at San Antonio project
- Company faces short seller allegations questioning operations
- Presence of incomplete cells between mining titles requiring regulatory resolution
- Two exploration applications temporarily put on hold by authorities
Insights
Collective Mining strongly refutes short seller allegations, citing legal compliance and explaining common mining title gaps in Colombia.
Collective Mining's robust rebuttal to a short seller report represents a significant corporate defense against potentially damaging allegations. The company has categorically rejected all claims regarding its operations in Colombia, specifically addressing concerns about its exploration activities at the Apollo system within the Guayabales Project. The core issue appears to revolve around "incomplete cells" - small gaps between mining titles that resulted from Colombia's conversion of irregular claim shapes into standardized square cells.
From a legal perspective, the company's position appears well-supported by Colombian mining regulations. They correctly note that these incomplete cells cannot be staked by third parties and can only belong to adjacent title holders - in this case, Collective Mining. The company has disclosed this situation in their Annual Information Form, demonstrating transparency with investors about these technical title issues.
What's particularly significant is that Colombian authorities have already confirmed in writing that these incomplete cells will be incorporated into the company's mining title once the mining cadaster's software is updated. This official acknowledgment substantially strengthens the company's position against the short thesis claims.
Additionally, Collective has taken strategic steps to secure their position by either purchasing or entering binding option agreements for all surface rights covering the entirety of the Apollo system. This proactive approach to consolidate both mineral and surface rights demonstrates prudent risk management in response to the allegations.
The company's detailed explanation of Colombian mining law, specifically citing Articles 58, 166, 78, 79, and 80 of the Colombian Mining Code, shows they've built a comprehensive legal defense. Their confirmation that Apollo doesn't overlap with any areas excluded from mining further reinforces their compliance status. The temporary hold on two immaterial exploration applications appears to be a standard administrative procedure and not related to any regulatory concerns.
"Having operated in
Omar Ossma, President of Collective Mining, stated: "As a Colombian national and lawyer with more than 20 years of experience in the mining and energy industry, I take great pride in ensuring that our Company operates with full respect for Colombian law, institutions and communities. The exploration work we are conducting is legal, transparent and aligned with all applicable regulations. The allegations made against the Company are without legal merit and reflect a misunderstanding, or misrepresentation, of
All of the Company's mining titles (whether held directly or optioned from third parties) are valid and in good standing. Additionally, as disclosed in the Company's Annual Information Form("AIF"), small incomplete cells (referred to as "incomplete cell applications" or "incomplete cells" in the AIF) exist between two of the Company's mining titles within the
In order to comply with exploration obligations and to understand all of the technical characteristics of a geological system, the Company may be required to locate drilling platforms (or perform drilling activities) from inside or outside of the boundaries of its mining titles. Locating drilling platforms or performing drilling activities outside of the mining title boundaries is fully permissible under Colombian law, specifically in accordance with Articles 58 and 166 of the Colombian Mining Code if the intent is to comply with technical requirements set forth in Articles 78, 79 and 80 of the referred mining code as well as the technical requirements outlined in the Colombian Exploration Mining and Environmental Guidelines. These technical requirements include drilling to understand the geometry of the deposit from suitable attack angles, to evaluate geological characteristics and dimensions of a deposit, to assess geotechnical factors of a mineralized system, including rock competency for underground infrastructure, mine planning, and slope stability, and to conduct hydrogeological studies, including monitoring of underground water flows and potential geochemical impacts on water.
The Company would also like to confirm that the
Finally, the Company confirms that two immaterial exploration applications (not part of the Guayabales or
The Company currently has 10 rigs operating as part of its fully funded 70,000 metre drill program for 2025. Based on recent visual inspection of drill core from the San Antonio Project, the Company has decided to mobilize a third rig to the
About Collective Mining Ltd.
To see our latest corporate presentation and related information, please visit www.collectivemining.com.
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately
The Company's flagship project, Guayabales, is anchored by the
Management, insiders, a strategic investor and close family and friends own
Information Contact:
Follow Executive Chairman Ari Sussman (@Ariski73) on X
Follow Collective Mining (@CollectiveMini1) on X, (Collective Mining) on LinkedIn, and (@collectivemining) on Instagram
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the anticipated advancement of mineral properties or programs; future operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans.
These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding future events including the direction of our business. Management believes that these assumptions are reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks related to the speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; conclusions of future economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, precious and base metals or certain other commodities; fluctuations in currency markets; change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties, as well as those risk factors discussed or referred to in the annual information form of the Company dated March 24, 2025. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements.
View original content to download multimedia:https://www.prnewswire.com/news-releases/collective-mining-categorically-rejects-the-erroneous-allegations-made-against-the-company-302524828.html
SOURCE Collective Mining Ltd.
FAQ
What allegations is Collective Mining (CNL) facing and how has the company responded?
What is the status of Collective Mining's (CNL) mining titles in Colombia?
What is Collective Mining's (CNL) current drilling program status for 2025?
How does Collective Mining (CNL) address the incomplete cells issue in its mining titles?
Are Collective Mining's (CNL) drilling activities outside mining title boundaries legal?
