Collective Mining Unveils C$100 Million Bought Deal Financing Plan
Offering Announcement: Collective Mining Ltd. has entered into an agreement with BMO Capital Markets and Scotiabank to sell 5,270,000 common shares at C$19.00 each, aiming for gross proceeds of approximately C$100 million, with an option for additional shares potentially raising the total to C$115 million.
Use of Proceeds: The funds from the offering will be used to advance the Guayabales Project, explore other opportunities, and for general corporate purposes, with the offering expected to close around October 8, 2025, pending regulatory approvals.
Company Background: Collective Mining, founded by the team behind Continental Gold Inc., focuses on gold, silver, copper, and tungsten exploration in Colombia, with significant projects including the Guayabales and San Antonio Projects.
Forward-Looking Statements: The release includes forward-looking statements regarding the company's future plans and operations, emphasizing the inherent risks and uncertainties associated with mineral exploration and development.
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- Impressive Drilling Results: Drillhole TSDH-71 intersected 89.96 meters grading 0.9 g/t Au from 426 meters downhole, including a significant 16.9-meter interval that may indicate a potential feeder zone, supporting future resource growth.
- High-Grade Mineralization Characteristics: Within TSDH-71, the 16.9-meter interval averaged 2.3 g/t Au, 0.25% Cu, and 158 ppm Mo, with a notable 6-meter high-grade section reaching 4.1 g/t Au, indicating mineralization potential beyond current resource models.
- Ongoing Drilling Plans: The company continues drilling at Tesorito and Dos Quebradas, with TSDH-70 confirming continuity of mineralization at the eastern margin, intersecting 79 meters averaging 0.6 g/t Au, further enhancing confidence in the project.
- Clear Strategic Objectives: This drilling program aims to systematically test high-impact targets to drive future resource growth at the Quinchía Gold Project and lay the groundwork for a pre-feasibility study.
- High-Grade Gold Discovery: Lake Victoria Gold has confirmed high-grade gold mineralization of up to 35.45 g/t at its Tembo Project in Tanzania, with results from eight active artisanal mining sites validating the area's exceptional mineral potential, which is expected to drive resource definition and enhance company valuation.
- Execution Transition: The company has signed a Letter of Intent with Nyati Resources to utilize a 500 tonne-per-day carbon-in-pulp processing plant, aiming to finalize a binding agreement by early 2026, thereby establishing a near-term production pathway for the Tembo project while minimizing capital expenditures.
- Drilling Program Advancement: A close-spaced drilling program at the Ngula 1 area of the Tembo project is set to commence in Q1 2026, targeting a strike length of 300-400 meters, with both historical drilling and recent artisanal sampling consistently showing high-grade results, further validating the economic potential of the deposit.
- Financial Backing: The company has secured financial stability through a gold prepay facility with Monetary Metals and a C$11.52 million strategic investment from Taifa Group, providing robust support for its transition from explorer to producer.

- High-Grade Gold Discovery: Lake Victoria Gold has confirmed gold mineralization up to 35.45 g/t at its Tembo Project in Tanzania, validating priority drill targets ahead of a planned Q1 2026 drilling program, which is expected to enhance resource definition potential significantly.
- Strategic Partnership Advancement: Following a Letter of Intent with Nyati Resources, the company is shifting focus towards execution, planning to leverage existing infrastructure for processing, thereby reducing capital expenditures and accelerating the production timeline.
- Dual-Track Development Strategy: Lake Victoria Gold is concurrently advancing its Imwelo Gold Project, with recent drilling results demonstrating mineralization continuity beyond 250 meters, enhancing the project's economic appeal and laying the groundwork for future production.
- Funding Support Assurance: The company has secured financial stability through a gold prepay facility with Monetary Metals and a C$11.52 million strategic investment from Taifa Group, providing robust support for its transition from exploration to production.
- Zone Expansion: The drilling of Hole APC143-D2 has increased the mineralized envelope of the Ramp Zone to 315 meters along strike and 300 meters vertically, indicating that the area remains open in all directions, suggesting significant future mineral potential.
- High-Grade Mineralization: Located at the bottom of the Apollo system, approximately 1,000 meters above sea level, the Ramp Zone has outlined continuous mineralization from surface to over 1,400 vertical meters, highlighting the richness in gold, silver, copper, and tungsten resources.
- Project Significance: The Apollo system serves as the cornerstone of Collective Mining's flagship Guayabales Project, which is a district-scale, multi-target, and infrastructure-rich initiative, showcasing substantial development potential.
- Future Outlook: With the ongoing expansion of the Ramp Zone, Collective Mining's resource development prospects in Caldas, Colombia appear optimistic, likely attracting further investment and driving long-term growth for the company.

- Zone Expansion: Drill hole APC143-D2 expands the Ramp Zone's mineralized envelope to 315 meters along strike and 300 meters vertically, indicating significant future growth potential that could drive major value for the company.
- High-Grade Intercepts: APC143-D2 intersected 63.90 meters of mineralization, including 24.80 meters at 29.42 g/t gold and 28 g/t silver, marking the highest-grade gold interval drilled to date in the Ramp Zone, enhancing the project's attractiveness.
- Accelerated Drilling Plans: The company is currently operating three deep-capacity diamond rigs at the Ramp Zone, with plans to add two more in mid-Q1 2026, aiming for up to 100,000 meters of drilling, ensuring ongoing project development.
- Strong Financial Position: With $135 million in cash as of December 1, 2025, the company is fully funded for its 2026 drilling program, demonstrating a robust financial foundation and capacity for expansion.

- Resource Expansion: Collective Mining has successfully expanded the Apollo system by 450 meters to a mineralized footprint of approximately 1,050 meters by 400 meters by 1,370 meters, significantly enhancing the project's resource potential and likely attracting increased investor interest.
- Drilling Campaign: The company plans to conduct up to 100,000 meters of drilling in 2026, leveraging its $135 million cash reserves to rapidly confirm resources in the newly discovered Hanging Wall Vein Zone, thereby enhancing the project's economic viability.
- High-Grade Mineralization: The newly discovered Hanging Wall Vein Zone exhibits rich gold and silver mineralization, which is expected to substantially increase the resource volume at the Apollo system, boosting the company's competitive position in Colombia.
- Technological Innovation: By implementing advanced drilling techniques within the Apollo system, Collective Mining not only improves mineral detection efficiency but also lays a solid foundation for future resource expansion, signaling a new growth phase for the company.








