Collective Mining (TSXV:CNL) Pops 205% on the First Day of Trading

Source: Collective Mining

Collective Mining (TSXV:CNL) had a big day last Friday, May 28, with a blockbuster IPO that saw the stock pop 205% on the first day of trading. The company’s common shares began trading at the market open on May 28, on the TSX Venture Exchange under the symbol CNL. 

As part of its reverse takeover of shell company POCML5, Collective Mining (TSXV:CNL)  had raised C$15 million at $1 per subscription receipt. With the share price hitting $3.05 on Friday, the company saw a valuation of C$30.9 million. 

Collective’s executive chairman Ari Sussman said, “With the funds from our $15 million subscription receipt financing now released from escrow, we are embarking on an aggressive exploration programme and are excited to unlock the potential of our project over the next 12 months.” The exploration and development company is currently focused on exploring prospective gold projects in South America.

Colombia’s mines minister stated that it was great news to have a new Colombian-focused company listed on the TSX Venture Exchange. The high-level strong support from Colombia is a promising sign of the exciting times to come for Collective, with the minister saying in a joint statement that, “This is yet another endorsement of investors’ trust in the Colombia mining sector.”

Collective’s main directive is to realize its ability to earn a 100% interest in two projects located in Colombia (San Antonio, and Guayabales). With an assembly of superstar management with a track record of successfully selling Continental Gold to Zijin Mining for C$1.4 billion, the company is focused on bulk tonnage porphyry-related systems as opposed to high-grade gold. 

This new approach to exploration is not the only change for the group. Collective Mining was founded with environmental, social, and governmental (ESG) principles embedded in the fabric of the company’s guiding philosophy and operational standards. The name of the company is a strong indication of the company’s commitment to collaborative and inclusive management, and a collective commitment to the values that investors prioritize for both stakeholders and investors. 

Colombia’s mining sector is well-developed, with strong ancillary mining services, agriculture, and tourism industries helping form a well-rounded economy. As Collective builds strong and profitable porphyry gold projects, the economy and country stand to benefit from the strategic alliance across a myriad of industries.

Collective Mining’s (TSXV:CNL) management track record puts it in a good position to grow over the coming years. As the stock follows suit, investors will likely continue to add more of it to their portfolios as they look for ESG-compliant and focused mining companies. The fact that Collective’s team had such a massive success with the past buyout of Continental Gold also raises the possibility that the company could see a huge payday in the future as it develops it’s projects and revenue streams.


The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above. 

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.


 Daily Gainers

 Lincoln Minerals Limited LML.AX +125.00%
 Golden Cross Resources Ltd. GCR.AX +33.33%
 Casa Minerals Inc. CASA.V +30.00%
 Adavale Resources Limited ADD.AX +22.22%
 Athena Resources Ltd. AHN.AX +22.22%
 Azimut Exploration Inc. AZM.V +21.98%
 New Stratus Energy Inc. NSE.V +21.05%
 Dynasty Gold Corp. DYG.V +18.42%
 Azincourt Energy Corp. AAZ.V +18.18%
 Gladiator Resources Limited GLA.AX +17.65%

Download the latest Solaris Resources (SLSSF) Investor Kit

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

MiningFeeds will use the information you provide on this form to be in touch with you and to provide updates and marketing.