Collective Mining Ltd. announced a public offering of 6,600,000 common shares at C$19.00 per share on October 3, 2025, under an underwriting agreement with BMO Nesbitt Burns Inc. and Scotia Capital Inc. as lead underwriters and joint bookrunners. The syndicate also included Clarus Securities Inc., Canaccord Genuity Corp., Roth Canada, Inc., Jett Capital Advisors, LLC, and Ventum Financial Corp. The offering price was determined through arm’s length negotiations, referencing the prevailing market price. The shares were distributed in all Canadian provinces and territories except Québec and Nunavut.

The offering closed on October 8, 2025, raising gross proceeds of C$125.4 million. Concurrently, Collective Mining completed a non-brokered private placement with Agnico Eagle Mines Limited, issuing 789,473 common shares at C$19.00 per share for additional proceeds of approximately C$15 million, pursuant to Agnico’s participation rights. Proceeds from both financings are intended to support the company’s exploration and development activities. The transaction is subject to customary closing conditions and regulatory approvals. The securities are not registered under U.S. law and will only be offered in permitted jurisdictions.

Legal counsel for the offering was provided by Cassels Brock & Blackwell LLP for Collective Mining and Miller Thomson LLP for the underwriters.