Collective Mining Ltd. ownership disclosure: Jupiter Asset Management Ltd reports beneficial ownership of 5,579,494 common shares, equal to 6.04% of the class. The filing cites 92,246,749 shares outstanding as of 11/13/2025 from the issuer's MD&A. The filer states the report was submitted after the prescribed deadline and describes an internal monitoring oversight under review.
Positive
None.
Negative
None.
Insights
Jupiter reports a 6.04% shared stake in Collective Mining (5,579,494 shares).
Jupiter Asset Management Ltd and Jupiter Gold & Silver Fund each report shared voting and dispositive power over 5,579,494 shares. The filing ties percentages to 11/13/2025 outstanding shares (92,246,749), giving a clear position size.
The disclosure notes a late filing due to threshold‑monitoring tied to Canadian trading and headquarters changes; Jupiter is reviewing controls. Subsequent filings may clarify any governance or reporting changes.
The filing flags a late Schedule 13G submission and an internal controls review.
The filer explains the late notification resulted from applying Canadian thresholds to a dual‑listed security and recent corporate info changes. The signed certification is dated 06/15/2026.
Key items to watch in filings: any amendment correcting filing date/threshold treatment and disclosures about control or voting arrangements if they change.
Key Figures
Beneficial ownership:5,579,494 sharesPercent of class:6.04%Shares outstanding (context):92,246,749 shares+1 more
4 metrics
Beneficial ownership5,579,494 sharesAmount beneficially owned reported in Item 4
Percent of class6.04%Percent of class calculated using outstanding shares from issuer MD&A
Shares outstanding (context)92,246,749 sharesReported in issuer's MD&A filed <date>11/13/2025</date>
Filing signature date06/15/2026Signed by Katie Carter, Head of Compliance
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Shared voting powerregulatory
"Shared Voting Power 5,579,494.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
MD&Afinancial
"based upon a total of 92,246,749 shares ... reported in the Issuer's MD&A filed 11/13/2025"
Management’s Discussion and Analysis (MD&A) is a section of a company’s financial filing where executives explain recent results, the reasons behind changes, risks faced, and expectations for the future in plain language alongside the numbers. Investors use it like an owner’s narrative to understand the story behind the raw financial data — what drove performance, potential pitfalls, and management’s plans — helping judge whether the company’s numbers are likely to improve or worsen.
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What stake does Jupiter Asset Management report in Collective Mining (CNL)?
Jupiter reports beneficial ownership of 5,579,494 shares, representing 6.04% of the class. This percentage is calculated using 92,246,749 shares outstanding reported in the issuer's MD&A dated 11/13/2025.
Does Jupiter have sole voting control over the reported shares of CNL?
No. Jupiter reports 0 sole voting power and 5,579,494 shares as shared voting power. The filing states both voting and dispositive power are shared for that same share count.
Why was this Schedule 13G filed late for CNL?
The filing states it was late due to the monitor applying Canadian reporting thresholds after trades on a Canadian market. The filer says the oversight was identified during a controls review.
What outstanding share base does the filing use to calculate the 6.04% for CNL?
The percentage is based on 92,246,749 shares outstanding as reported in the issuer's MD&A filed on 11/13/2025, per the filing's explicit statement.
Who signed the Schedule 13G for Jupiter regarding CNL?
The filing is signed by Katie Carter, Head of Compliance, with signature dates shown as 06/15/2026 for the submitted notice.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Collective Mining Ltd.
(Name of Issuer)
Common Shares without par value
(Title of Class of Securities)
19425C100
(CUSIP Number)
12/23/2025
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
19425C100
1
Names of Reporting Persons
Jupiter Asset Management Ltd
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
5,579,494.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,579,494.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,579,494.00
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)
6.04 %
12
Type of Reporting Person (See Instructions)
FI, OO
SCHEDULE 13G
CUSIP Number(s):
19425C100
1
Names of Reporting Persons
Jupiter Gold & Silver Fund
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
5,579,494.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,579,494.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,579,494.00
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)
6.04 %
12
Type of Reporting Person (See Instructions)
FI, OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Collective Mining Ltd.
(b)
Address of issuer's principal executive offices:
82 Richmond Street East 4th Floor, Toronto, Ontario, Canada
Item 2.
(a)
Name of person filing:
Jupiter Asset Management Ltd
(b)
Address or principal business office or, if none, residence:
The Zig Zag Building,
70 Victoria Street,
London SW1E 6SQ
(c)
Citizenship:
England and Wales
(d)
Title of class of securities:
Common Shares without par value
(e)
CUSIP Number(s):
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).
Item 4.
Ownership
(a)
Amount beneficially owned:
5,579,494 shares of Common Stock
(b)
Percent of class:
6.04% The percentages set forth in this Item 4 and in the rest of this Schedule 13G are based upon a total of 92,246,749 shares of Common Stock outstanding as reported in the Issuer's MD&A filed 11/13/2025. This notification is being submitted after the prescribed deadline. Given the dual-nature of this security, and the fact that our position was traded on a Canadian market, our monitoring system applied the Canadian threshold to identify reporting requirements rather than apply the United States thresholds as well. The oversight was subsequently identified following a recent review triggered by changes to the issuer's corporate information, including its headquarters location. We are currently reviewing our controls and monitoring processes to determine whether enhancements are required to prevent a recurrence.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
5,579,494 shares of Common Stock
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
5,579,494 shares of Common Stock
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
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 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.
