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Collective Mining ( (TSE:CNL) ) has shared an announcement.
Collective Mining Ltd. has increased its previously announced bought deal financing to C$125 million due to strong demand. The company plans to use the proceeds to advance its Guayabales Project, explore other opportunities, and for general corporate purposes. The offering is expected to close on October 8, 2025, subject to regulatory approvals, and includes an option for underwriters to purchase additional shares, potentially raising the total proceeds to C$144 million. This financing move positions Collective Mining to further its exploration and development activities, potentially enhancing its market presence and stakeholder value.
The most recent analyst rating on (TSE:CNL) stock is a Buy with a C$18.00 price target. To see the full list of analyst forecasts on Collective Mining stock, see the TSE:CNL Stock Forecast page.
More about Collective Mining
Collective Mining Ltd. is a gold, silver, copper, and tungsten exploration company with projects in Caldas, Colombia. Founded by the team behind the development and sale of Continental Gold Inc. to Zijin Mining, Collective has options to acquire 100% interest in two projects within an established mining camp with ten fully permitted and operating mines. The company’s flagship project, Guayabales, features the Apollo system, known for its large-scale, bulk-tonnage, and high-grade gold-silver-copper-tungsten deposits.
Average Trading Volume: 166,658
Technical Sentiment Signal: Buy
Current Market Cap: C$1.74B
Find detailed analytics on CNL stock on TipRanks’ Stock Analysis page.