Collective Mining Commences Trading on the TSX Venture Exchange

Collective Mining Ltd. (formerly POCML 5 Inc.) ("Collective") is pleased to announce that its common shares will commence trading at the market open today on the TSX Venture Exchange ("TSXV") under the ticker symbol "CNL".

"The management team and I are very excited to return to Colombia, a country with untapped mineral potential and backed by supportive governments and communities," commented Ari Sussman, Executive Chairman of Collective. "Upon completing the sale of Continental Gold to Zijin Mining, our team was eager to re-apply our skillsets towards discovering another world-class deposit and advancing it to production. Unlike Continental Gold, where we specifically targeted high-grade gold systems, Collective has decided to focus on bulk tonnage porphyry related systems. To date, we have options to acquire 100% interests in two projects in the mining-friendly department of Caldas. Both our San Antonio and Guayabales projects surround the world famous Marmato mine. The belt surrounding the Marmato mine has never before been consolidated under one company until now. With the funds from our $15 million subscription receipt financing now released from escrow, we are embarking on an aggressive exploration program and are excited to unlock the potential of our projects over the next 12 months."

"This is great news to have a new Colombian focused company listed on the TSX Venture Exchange. This is yet another endorsement of investors' trust in the Colombian mining sector. We are committed to both strengthening our mineral exploration industry and diversifying our production to more types of metals. We welcome foreign investments that support the sustainability of the Colombian mining sector," stated Diego Mesa, the Colombian Minister of Mines and Energy.

The listing of the common shares of Collective follows the completion of its Qualifying Transaction, as such term is defined under the policies of the TSXV, on May 20, 2021.

About Collective Mining

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America. Collective has the ability to earn a 100% interest in two projects located in Colombia: (i) the San Antonio project (the "San Antonio Project"); and (ii) the Guayabales project (the "Guayabales Project"). The San Antonio Project is comprised of a 1,664-ha contiguous mining title located in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the San Antonio Project. The Guayabales Project is a contiguous land package comprised of two mining titles totaling 413 ha and a 2,012-ha mining application also located in the Caldas department of Colombia. The Guayabales Project is currently in the early stages of prospecting. Upon completion of Transaction, it is the intention of the parties that the Resulting Issuer will continue to primarily focus on the exploration and development of the San Antonio Project.

Further Information

For further information regarding Collective, please contact:

Collective Mining Ltd.
Paul Begin, Chief Financial Officer
Tel. (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about Collective's objectives, goals and exploration activities proposed to be conducted on its properties; future growth potential of Collective, including whether any proposed exploration programs at any of its properties will be successful; exploration results; and future exploration plans and costs. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Such factors, among other things, include: the expected benefits to Collective relating to the exploration proposed to be conducted on its properties; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future,   including to fund any exploration programs on the Company's properties, if required; fluctuations in general   macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar or Colombian peso exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government   authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and ongoing uncertainties relating to the COVID-19 pandemic. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Gold bar on top of gold nuggets.

Top 5 Canadian Mining Stocks This Week: O3 Mining Up 60 Percent on Agnico Eagle Takeover Deal

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) fell 1.12 percent on the week to close at 607.84 on Friday (December 13). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) posted a 1.71 percent decrease to hit 25,274.3, and the CSE Composite Index (CSE:CSECOMP) sank 2.68 percent to reach 131.45.

The US Bureau of Labor Statistics released November consumer price index (CPI) data on Wednesday (December 11).

The report shows the all-items index increased by 0.3 percent monthly, compared to the 0.2 percent recorded in each of the previous four months. Core CPI was also up 0.3 percent, steady compared to the previous three months.

Keep reading...Show less
Mine trucks at site.

Top Stories This Week: Gold Price Reacts to Inflation Data, Trump Makes Big Permitting Promise

The gold price rose early on this week, breaking US$2,700 per ounce on Wednesday (December 11).

The metal was reacting to the latest US consumer price index (CPI) data, which shows a 2.7 percent year-on-year increase for the month of November. That's up slightly from the 2.6 percent annual gain seen in October.

CPI was up 0.3 percent month-on-month, again higher than October's 0.2 percent rise. Core CPI, which excludes the more volatile food and energy categories, was up 3.3 percent year-on-year and 0.3 percent from the previous month.

Keep reading...Show less
larry lepard, gold, silver, bitcoin

Lawrence Lepard: "Big Print" Coming — Fully Expect US$5,000 Gold, US$200,000 Bitcoin

Speaking to the Investing News Network, Lawrence Lepard, managing director at EMA, voiced his thoughts on the outlook for gold and Bitcoin as the debt doom loop intensifies in the US.

"I call it a doom loop — it's a vicious circle in the wrong direction, which I believe will ultimately lead to the government having to say, 'Okay, this isn't going to work. We are going to institute yield curve control or QE, or we're going to buy the bonds,'" he explained on the sidelines of the New Orleans Investment Conference.

Lepard believes it's important to hold both gold and Bitcoin, noting that the only wrong allocation is zero.

Keep reading...Show less
Chris Temple, uranium symbol and gold bars.

Chris Temple: Gold's Next Leg Higher, Plus Uranium and Natural Gas in 2025

Chris Temple, founder, editor and publisher of the National Investor, outlined the main factors he sees impacting the gold price heading into 2025, saying the yellow metal will undoubtedly move higher.

In his view, its rise will come as market participants realize how many problems the US economy is facing.

"I think that once that reality sets in, gold will get its next big lease on life and the stock market is going to bog down. I think we're going to see a lot of rotation in the market that will start to favor real assets and real value — away from everybody chasing the same relative handful of stocks as we've seen," Temple explained.

Keep reading...Show less
Gold bars stacked in ascending order.

WGC: Gold to Face Complex Drivers in 2025, Price Likely to Cool After Record-Breaking Year

The World Gold Council (WGC) has released its 2025 gold outlook, highlighting various macroeconomic factors, geopolitical risks and central bank activity as pivotal forces influencing demand and prices.

While 2024 saw gold achieve a stellar performance with a 28 percent annual increase, the outlook for 2025 is characterized by a mix of opportunities and challenges stemming from both global and regional developments.

The yellow metal has benefited from its historical role as a hedge against uncertainty, but the WGC forecasts that its performance next year will depend on other key variables as well.

Keep reading...Show less
Brightstar Resources Managing Director Alex Rovira.

Increased M&A Activity a Win-Win for Gold Sector, Brightstar Resources Exec Says

Following the completion of its acquisition of Alto Metals, Brightstar Resources (ASX:BTR) plans to conduct 50,000 metres of reverse-circulation and diamond drilling, beginning next year, at Alto Metals' approximately 900 square kilometre Sandstone gold project in Western Australia.

In an interview with the Investing News Network, Brightstar Managing Director Alex Rovira outlined the next steps for merging Alto Metals with Brightstar’s assets and the strategy for moving forward.

“From an exploration perspective … it's really focusing on the Sandstone package. We will do near-mine brownfields exploration at our Menzies and Laverton gold projects. And really, the aspiration there is to take a number of those mines toward development decisions,” he said.

Keep reading...Show less

Latest Press Releases

Related News

×