Collective Mining Ltd. (NYSE American: CNL) (TSX: CNL)

Collective Mining Ltd. (NYSE American: CNL) (TSX: CNL) is a mineral exploration company advancing a portfolio of high-grade, large-scale gold, silver, copper, and tungsten targets in Caldas, Colombia. Founded by the leadership team behind Continental Gold, which was sold for approximately $2 billion, the company leverages decades of local operating experience and proven discovery success. Its projects are strategically located within a prolific mining camp featuring 10 permitted and producing mines, highlighting both geological potential and established infrastructure.

Collective’s business model centers on value creation through discovery, de-risking, and sustainable development, supported by strong stakeholder alignment. The company’s approach, known as the Collective Model, emphasizes collaboration with local communities, environmental stewardship, and academic partnerships to ensure long-term regional benefit.

Insider ownership stands at 44.5%, underscoring deep commitment from management, strategic investors, and close affiliates. This high level of alignment reflects a long-term vision shared across all key stakeholders and reinforces confidence in the company’s exploration strategy.

Collective Mining is headquartered in Toronto, Canada.

Projects

Guayabales Project

Guayabales is the company’s flagship asset and home to the Apollo system, a high-grade, bulk-tonnage polymetallic discovery containing gold, silver, copper, and tungsten. Over 133,000 meters of drilling has been completed at Guayabales to date, including 93,000 meters at Apollo, with results defining continuous mineralization across 1,200 vertical meters. Recent shallow drilling returned 183.7 meters at 3.01 g/t gold equivalent from near surface (hole APC-134), while other intercepts reached as high as 7.05 g/t over 37.15 meters (APC-136).

The project also hosts the Ramp Zone, a newly discovered high-grade zone at the base of Apollo. Deep directional drilling is now underway with two high-capacity rigs testing extensions of the zone up to 300 meters along strike and at depth.

In addition to Apollo, the X target marks a greenfield silver-rich discovery with maiden holes cutting multiple zones across a 500m x 500m area, including 12.85 meters at 503 g/t silver equivalent (XTC-1). Follow-up drilling is planned, supported by soil anomalies trending northeast.

The ME target, also within Guayabales, continues to show promise. Recent drilling at ME intercepted up to 6.70 meters at 6.03 g/t gold equivalent, suggesting potential continuity with CBM-style veins intersected in earlier phases.

San Antonio Project

Located just a few kilometers from Guayabales, the San Antonio Project has rapidly confirmed the presence of a large-scale porphyry system at the Pound target. Drilling at Pound has outlined multiple mineralized phases, with hole SAC-18 intersecting 172.4 meters at 1.88 g/t gold equivalent, including 60.75 meters at 2.27 g/t. Additional holes confirmed the presence of high-grade gold-copper mineralization and expanded the footprint of the porphyry system.

Approximately 10,000 meters have been drilled at San Antonio to date, with three rigs currently active and multiple assay results pending.

Market Opportunity

Collective Mining operates in Caldas, one of Colombia’s most established and mining-friendly jurisdictions with a 500-year mining history, surrounded by active mining operations and supportive local governance. The region offers abundant hydropower, skilled labor, and proximity to major highways and infrastructure.

Gold is up more than 40% year to date, marking its best year since 1979, according to research compiled by Carson Group. This historic surge underscores renewed investor demand for the precious metal amid global economic uncertainty, inflation concerns, and central bank accumulation. At the same time, copper and tungsten, also central to Collective’s portfolio, are experiencing increased demand due to their critical roles in electrification, renewable energy, and national security. With exposure to both precious and critical minerals, Collective is well-positioned to benefit from macro-driven tailwinds across multiple commodity sectors.

Leadership Team

Ari Sussman, Executive Chairman, is the Founder and former CEO of Continental Gold, which raised nearly $1 billion and developed Colombia’s largest modern gold mine before its $2 billion sale to Zijin Mining. He now leads Collective with a focus on replicating that success.

Ned Jalil, Chief Executive Officer, is a mining engineer with 25+ years of global project leadership across gold, copper, silver, and nickel, including senior roles at Kinross Gold and Appian Capital. He is a licensed Professional Engineer and a Qualified Person under NI 43-101.

Omar Ossma, President, is a legal and regulatory expert with 20+ years in Colombian mining and energy, including a key role as Legal VP at Continental Gold in securing permits for the Buriticá mine.

Paul Begin, Chief Financial Officer, previously served as CFO of Continental Gold and brings financial leadership experience across public and private companies, with a background in capital markets, audit, and international finance.