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The investment will be used in the exploration of its operations in Colombia and "for general working capital purposes."

Collective’s 2024 plan includes up to 40km of diamond drilling with 3 rigs currently operating & a 4th rig anticipated to start drilling this month.

The list includes both international and US companies traded on the market and is formulated by weighting a company's total return and average daily dollar volume growth throughout 2023.

C. Geoffrey Hampson, executive chairman of Soma Gold's board, is acting as interim CEO.

The consolidation will be on the basis of one new post-consolidation common share for every 10 pre-consolidation common shares, per Libero.

"The move to the OTCQX Market is a crucial step in our ongoing development to foster increased confidence among current and prospective investors," said Geoff Hampson, executive chairman.

With the advance of crime groups, gold mining in Colombia will likely continue evolving into a purely criminal industry where illicit interests, environmental devastation, and inadequate government action converge.

"It is a busy and exciting time for the company with five drill rigs now operating at site,” said Ari Sussman, executive chairman at Collective Mining.

The downward revision from 12.2 years to 11.2 years comes "as a result of an increase in annual throughput estimates to reflect nameplate capacity," per GoldMining Inc.

"The subject of mining is captured in the culture and the tradition that we have," says Supía Mayor Marco Antonio Londoño Zuluaga.