09:18 AM EDT, 05/06/2024 (MT Newswires) -- Collective Mining ( CNLMF ) said Monday that it expects to commence trading on the New York Stock Exchange in the third quarter.

Collective Mining ( CNLMF ) said the NYSE listing would make it easier for U.S. retail and institutional investors to buy shares in the company.

Meanwhile, the company said it raised $7.8 million from the exercise of outstanding warrants that expired on April 25 with a strike price of $3.25 from an October 2022 financing.

Collective Mining ( CNLMF ) also said it is on schedule with its planned 40,000-meter drilling program in 2024, recently adding a fifth drilling rig to the Guayabales project in Colombia.

The company's share price fell 1.2% to about $4.1 on Friday.