10:14 AM EDT, 10/08/2025 (MT Newswires) -- Collective Mining ( CNL ) said Wednesday it closed an upsized bought deal offering and completed a concurrent private placement for gross proceeds of about 140 million Canadian dollars ($100.4 million).

The company said it closed its upsized public offering of 6.6 million shares at CA$19 for gross proceeds of about CA$125.4 million.

In a concurrent private placement, Agnico Eagle Mines ( AEM ) purchased 789,473 shares at CA$19 for gross proceeds of about CA$15 million, Collective Mining ( CNL ) said.

Proceeds from both financings will support exploration, technical studies, and underground development at the Guayabales project in Colombia, as well as working capital and general corporate purposes, the company said.

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