Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Exhibit
99.1
Collective Mining Partners in Solar Energy Initiative
to Benefit the Guamal Afro-Colombian Community in Caldas
MIAMI, Aug. 4, 2026 /CNW/ - Collective Mining Ltd.
(NYSE American: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce its participation
in Colombia's Comunidades Energéticas ("Energy Communities") initiative through a community-scale solar power
project for the Guamal Afro-Colombian community in the municipality of Supía, Caldas.
Collective is partnering with the Guamal Afro-Colombian
Community Council, the Governor's Office of Caldas, CorpoCaldas (the regional environmental authority) and the Municipality of Supía
to develop the project, which is expected to benefit approximately 2,000 residents across 420 households through the installation of approximately
600 kilowatts peak ("kWp") of solar generation capacity.
Carlos Andres Moreno, President of the Guamal Afro-Colombian
Community Council, commented: "This project represents an important development opportunity for our community and has the potential
to make a meaningful difference for our families and future generations. We are proud that Guamal is participating in this initiative,
which demonstrates what can be achieved when communities, public institutions and the private sector work together. We believe it can
create new opportunities and contribute to a stronger future for our community".
Omar Ossma, President of Collective Mining, commented: "The
Guamal community has a strong cultural identity, a well-organized structure and a clear vision for its future. Collective is committed
to working alongside communities and institutional partners on practical initiatives that support regional development and create meaningful
social, economic and environmental benefits. Building trusted relationships through meaningful participation and collaboration remains
central to the Company's approach in the regions where it operates."
Once completed, the project is expected to:
| • | Provide the community with access to a reliable source
of locally-generated renewable energy; |
| • | Reduce household electricity costs and generate
revenue from the sale of surplus energy; |
| • | Support local employment and skills development; |
| • | Strengthen community participation in energy
planning and management; and |
| • | Reduce emissions associated with conventional
electricity generation. |
The initiative is among the first community energy
projects of its kind in Caldas and could serve as a model for connecting additional communities with renewable energy solutions in the
future.
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 $1.4 billion in enterprise value, Collective is a gold, silver, copper and tungsten exploration
company with projects in Caldas, Colombia. The Company's two projects are located directly within an established mining camp with ten
fully permitted and operating mines.
The Company's flagship project, Guayabales, is anchored
by the Apollo system, which hosts a large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten system. The Company's objectives
at the Guayabales Project are to expand the newly discovered high-grade Ramp Zone along strike and to depth, drill test the new outcropping
Northern Apollo Oxidized area, drill the recently granted license covering the northwestern extension of the Trap target, and drill a
series of greenfield generated targets across the property.
Management, insiders, a strategic investor and close
family and friends own 45.2% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company
is listed on both the NYSE American and TSX under the trading symbol "CNL".
Information Contact:
Follow Executive Chairman Ari Sussman (@Ariski73) on
X
Follow Collective Mining (@CollectiveCNL) 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 labor; 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 30, 2026. 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.
SOURCE Collective Mining Ltd.
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%CIK: 0001953575
For further information: Investors and Media: Eduardo Cervantes,
Vice President, Corporate Development & Investor Relations, Collective Mining Ltd., e.cervantes@collectivemining.com
CO: Collective Mining Ltd.
CNW 09:00e 04-AUG-26