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Collective Mining Announces Plans To List On NYSE In Q3 2024
Posted On May 7, 2024
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Tag: apollo system, ari sussman, caldas, Collective, collective mining, colombia, copper, david reading, form 40-F, FWB: GG1, gold, guayabales, nyse, otcqx: cnlmf, silver, supia, TSX: CNL, tungsten, zijin
Collective Mining Ltd. (TSX: CNL, OTCQX: CNLMF, FWB: GG1) just announced that it plans to list its common shares on the NYSE American stock exchange to satisfy the appetite of many US retail and institutional investors seeking to add exposure to Collective. In advance of listing on the NYSE American, Collective will file a Form 40-F Registration Statement with the United States Securities and Exchange Commission. Subject to the review and approval of the listing application and satisfaction of all applicable listing and regulatory requirements, the Company expects its common shares to commence trading on the NYSE American in Q3 2024.
Above photo: David Reading, special advisor at Collective Mining, gives a presentation near the extraction site in Caldas, Colombia. (Photo: Loren Moss)
The company is also pleased to report that all of the outstanding warrants, which expired on April 25, 2024 with a strike price of C$3.25 from the October 2022 financing, have been exercised for total gross proceeds of C$7.8 million.
Collective is on schedule with its 2024 planned 40,000 meter drilling program and has recently added a fifth drilling rig to the Guayabales project. There is currently one rig drilling at the Apollo system, one rig drilling at the Trap target, one rig drilling at the Olympus target and two rigs turning at the Box target.
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining, Collective is a copper, silver, gold and tungsten exploration company with projects in Caldas, Colombia and options to acquire 100% interests in two projects 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 the large-scale, bulk-tonnage and high-grade copper-silver-gold-tungsten Apollo porphyry system. The Company’s 2024 objective is to expand the Apollo system, prove that the recent discoveries at the Olympus and Trap targets evolve into large scale systems and make a new discovery at either the Box, Tower or X targets.
