On October 8, 2025, Collective Mining Ltd. completed a bought deal prospectus offering of 6,600,000 common shares at a price of $19.00 per common share for gross proceeds of $125.4 million. The prospectus offering was conducted by a syndicate of underwriters led by BMO Capital Markets and Scotia Capital, and included Clarus Securities Inc., Canaccord Genuity Corp., Roth Canada, Inc., Jett Capital Advisors, LLC, and Ventum Financial Corp.
Concurrently with the closing of the public offering, Collective Mining completed a non-brokered private placement with Agnico Eagle Mines Limited, whereby Agnico purchased 789,473 common shares at $19.00 per common share for gross proceeds of approximately $15 million, pursuant to the exercise of its participation rights in equity financings of Collective Mining.
Cassels acted for Collective Mining.