TORONTO, March 26,
2024 /PRNewswire/ -- Collective Mining Ltd. (TSX:
CNL, OTCQX: CNLMF, FSE: GG1) ("Collective" or the "Company")
announces that Dr. Ken Thomas, P.
Eng. is retiring from the Company's Board of Directors effective
April 10, 2024. Dr. Thomas was a
founding Director of Collective and throughout his tenure acted as
Lead Director and as the Chairman of the Corporate Governance
Nominating Committee.
"Ken is an exceptional individual with whom I have had the
pleasure of working with for over a decade. With more than a half
century of experience under his belt, he was instrumental in
guiding Buriticá through construction and into production during
his time with Continental Gold and has continued to thrive as a
founding Director of Collective Mining. We will miss his insights
and leadership as we advance our Guayabales project and wish him
all the best in his retirement," stated Ari
Sussman, Executive Chairman.
Dr. Thomas added: "After 60 years in the mining industry focused
on metallurgical and project management, it is time to finally
fully retire to spend more time with my family. Working alongside
wonderful teams at Continental Gold and Collective Mining has
provided me with truly rewarding experiences with which to end a
career and would like to say thank you to all of those involved in
the journey."
About Collective Mining Ltd.
To see our latest corporate presentation and related
information, please visit www.collectivemining.com.
Founded by the team that developed and sold Continental Gold
Inc. to Zijin Mining for approximately $2
billion in enterprise value, Collective is a copper, silver,
gold and tungsten exploration company with projects in Caldas,
Colombia. The Company has options
to acquire 100% interests in two projects located directly within
an established mining camp with ten fully permitted and operating
mines.
The Company's flagship project, Guayabales, is anchored by the
Apollo system, which hosts the large-scale, bulk-tonnage and
high-grade copper-silver-gold-tungsten Apollo porphyry system. The
Company's 2024 objective is to expand the Apollo system, prove that
the recent discoveries at the Olympus and Trap targets evolve into
large scale systems and make a new discovery at either the Box,
Tower or X targets.
Management, insiders and close family and friends own nearly 42%
of the outstanding shares of the Company and as a result, are fully
aligned with shareholders. The Company is listed on the TSX under
the trading symbol "CNL", on the OTCQX under the trading symbol
"CNLMF" and on the FSE under the trading symbol "GG1".
Information Contact:
Follow Executive Chairman
Ari Sussman (@Ariski73)
on X
Follow Collective Mining (@CollectiveMini1) on
X, (Collective Mining) on LinkedIn, and
(@collectivemining) on Instagram
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within
the meaning of the applicable Canadian securities legislation. All
statements, other than statements of historical fact, are
forward-looking information and are based on expectations,
estimates and projections as at the date of this news release. Any
statement that involves discussion with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions,
future events or performance (often, but not always using phrases
such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes"
or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved)
are not statements of historical fact and may be forward-looking
information. In this news release, forward-looking information
relates, among other things, to: statements with respect to the
anticipated use of proceeds from the Offering, proposed activities
and strategy anticipated, advancement of mineral properties or
programs; future operations; future recovery metal recovery rates;
future growth potential of Collective; and future development
plans.
These forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our business. Management
believes that these assumptions are reasonable. Forward-looking
information involves known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information. Such factors include, among
others: planed use of proceeds from the Offering, risks related to
the speculative nature of the Company's business; the Company's
formative stage of development; the Company's financial position;
possible variations in mineralization, grade or recovery rates;
actual results of current exploration activities; conclusions of
future economic evaluations; fluctuations in general macroeconomic
conditions; fluctuations in securities markets; fluctuations in
spot and forward prices of gold, precious and base metals or
certain other commodities; fluctuations in currency markets; 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 formation 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; 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); and title to
properties, as well as those risk factors discussed or referred to
in the annual information form of the Company dated May 2, 2023. Forward-looking information
contained herein are made as of the date of this news release and
the Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events
or results, except as may be required by applicable securities
laws. There can be no assurance that forward-looking information
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements
and there may be other factors that cause results not to be
anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking information.
SOURCE Collective Mining Ltd.
