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"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 net proceeds will advance the Guayabales Project at its site near Supía, Caldas, Colombia,

"Collective is a company that listens to the communities and embraces the needs of our municipality," said Marmato Mayor Yesid Castro.

Collective Mining management and insiders will also be participating by up to 15% in the offering.

Collective Mining is finding results as high as 12.79 grams per ton of gold and 21 grams per ton of silver in its Caldas, Colombia mine site.

Apollo is a newly discovered high-grade copper-gold-silver porphyry-related breccia.

The Collective Mining team is already renowned for financial, social & environmental success in Colombian gold mining.