Collective Mining Ltd. received an amended Schedule 13G reporting that Helikon Investments Limited and Federico Riggio beneficially own 10,455,037 common shares, representing 12.32% of the class.
Collective Mining Ltd. received an amended Schedule 13G reporting that Helikon Investments Limited and Federico Riggio beneficially own 10,455,037 common shares, representing 12.32% of the class.
The filing shows shared voting and dispositive power over these shares and no sole voting or dispositive power. The percentage is calculated based on 84,854,026 shares outstanding. The date of the event requiring the filing is 09/30/2025.
The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Positive
None.
Negative
None.
Insights
Passive 12.32% stake disclosed with shared voting power.
Helikon Investments Limited and Federico Riggio report beneficial ownership of 10,455,037 shares, equal to 12.32% of Collective Mining Ltd. based on 84,854,026 shares outstanding. They report shared, not sole, voting and dispositive power.
This is a Schedule 13G/A, which is a passive ownership filing. The certification states the position was acquired and is held in the ordinary course of business and not to influence control.
As an administrative disclosure, market impact depends on future ownership changes or additional filings; this amendment itself does not alter company operations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Collective Mining (CNL) did Helikon disclose?
Helikon Investments Limited and Federico Riggio disclosed beneficial ownership of 10,455,037 common shares, or 12.32% of the class.
Is the Schedule 13G/A filing for CNL a passive ownership filing?
Yes. The certification states the shares were acquired and are held in the ordinary course of business and not to change or influence control.
What voting power did the reporting persons indicate for CNL?
They reported shared voting power: 10,455,037 and sole voting power: 0.
What is the total share count used to calculate the 12.32% for CNL?
The percentage is based on 84,854,026 shares outstanding.
What is the date of the event triggering the 13G/A for CNL?
The date of the event which requires the filing is 09/30/2025.
Who are the reporting persons in the CNL Schedule 13G/A?
The reporting persons are Helikon Investments Limited and Federico Riggio.
Do the reporting persons have dispositive power over the CNL shares?
They reported shared dispositive power: 10,455,037 and sole dispositive power: 0.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Collective Mining Ltd.
(Name of Issuer)
Common shares without par value
(Title of Class of Securities)
19425C100
(CUSIP Number)
09/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
19425C100
1
Names of Reporting Persons
Helikon Investments Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,455,037.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,455,037.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,455,037.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
12.32 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP No.
19425C100
1
Names of Reporting Persons
Federico Riggio
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ITALY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
10,455,037.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,455,037.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,455,037.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
12.32 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Collective Mining Ltd.
(b)
Address of issuer's principal executive offices:
82 RICHMOND ST. E, TORONTO A6 M5C 1P1
Item 2.
(a)
Name of person filing:
(i) Helikon Investments Limited, a United Kingdom public limited company ("Helikon UK"), with respect to the American Depositary Shares ("ADSs"), each representing 20 Class B common shares ("Class B Shares") of Empresa Distribuidora y Comercializadora Norte S.A., an Argentinian corporation (the "Company"), held by Helikon Long Short Equity Fund Master ICAV (the "Helikon Fund") managed by Helikon UK; and
(ii) Federico Riggio ("Mr. Riggio", and together with Helikon UK, the "Reporting Persons"), with respect to the ADS's directly held by the Helikon Fund.
(b)
Address or principal business office or, if none, residence:
(i) Helikon UK; 17 Waterloo Place, London SW1Y 4AR.
(ii) Mr. Riggio 17 Waterloo Place, London SW1Y 4AR.
(c)
Citizenship:
Helikon UK is a United Kingdom public limited company organized under the laws of the United Kingdom. Mr. Riggio is a citizen of the Italy.
(d)
Title of class of securities:
Common shares without par value
(e)
CUSIP No.:
19425C100
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Helikon UK is an investment manager, authorized and regulated by the Financial Conduct Authority in the United Kingdom which is comparable to the regulatory scheme applicable to the investment advisers covered by Item 3(e) above.
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 84,854,026 Shares outstanding.
(b)
Percent of class:
12.32%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2(a).
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Helikon Investments Limited
Signature:
/s/ Paul McLernon
Name/Title:
Paul McLernon - Director
Date:
10/28/2025
Federico Riggio
Signature:
/s/ Federico Riggio
Name/Title:
Federico Riggio
Date:
10/28/2025
Exhibit Information
Exhibit I
JOINT FILING STATEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
Dated: Nov 14, 2025
Helikon Investments Limited
By: /s/ Paul McLernon
Paul McLernon | Director
Federico Riggio
By: /s/ Federico Riggio
