TORONTO, Aug. 23,
2023 /CNW/ - Collective Mining Ltd.
(TSXV: CNL) (OTCQX: CNLMF) ("Collective" or the
"Company") is pleased to announce it has published its 2022
Sustainability Report, which contains a clear and comprehensive
account of the Company's performance in social, environmental,
health & safety and governance matters within its area of
operations. In addition, Collective has become carbon neutral in
2022 for the first time due to the purchase of carbon credits from
the Delfines Cupica Redd+ project. Focused in the department of
Chocó, the Delfines Cupica Redd+ initiative is led by ethnic
communities of the Chocó region and plays a key role in the
conservation of more than 103,000 hectares of tropical forests
which benefits approximately 7,000 people.
Collective's ESG Report highlights several achievements in 2022
including:
- Over $180,000 of social
investment in projects for the communities such as the construction
of a water utilities facility benefitting approximately 900 people,
the construction of rural roads and various agricultural
initiatives consisting of training and the replacement of more than
200,000 coffee plants. These projects represented more than
$400,000 in total investment when
combined with our strategic partners.
- In order to improve the conservation of water sources for the
communal water utilities, 1,900 trees were planted in our area of
operation which covers approximately five hectares of land.
- With 28% of the Company's employees being female, the Company
continues advancing towards its goal of ultimately becoming gender
neutral. By way of comparison, according to the Departamento
Administrativo Nacional de Estadísticas - DANE (National Statistics
Administrative Department) 17% of the Colombian mining industry is
currently represented by females.
- A material reduction of the Company's Total Recordable Injury
Frequency Rate (TRIFR) from 5.3 in 2021 to 0.96 in 2022. The
Company remains focused on improving its health & safety
culture.
Omar Ossma, President and CEO of Collective Mining stated: "Our
results in 2022 demonstrate Collective Mining's strong commitment
to sound ESG principles. Our operating model of aligning
exploration activities hand-in-hand with a robust ESG program
continues to pay dividends for our stakeholders as we advance our
Guayabales and San Antonio
projects. We are committed to continue operating with
transparency, respect and responsibility towards our stakeholders.
We would like to extend our special appreciation to our strategic
allies for their commitment to implementing community-based
programs including, but not limited to, the Committee of Coffee
Growers in Caldas, the mayor's offices of Supía, Marmato and Pácora
and the Governor's Office for the Department of Caldas. We commit
to continuing to contribute to the construction of a responsible
and prosperous future for the region."
The report is available on the Company's website
at www.collectivemining.com under ESG.
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 Mining is a copper,
silver, and gold 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 target, which hosts the large-scale, bulk-tonnage and
high-grade copper-silver-gold Apollo porphyry system. The Company's
near-term objective is to drill the shallow portion of the porphyry
system, continue to expand the overall dimensions of the system,
which remains open in most directions and test newly generated
grassroots targets.
Management, insiders and close family and friends own nearly 45%
of the outstanding shares of the Company and as a result, are fully
aligned with shareholders. The Company is listed on the TSXV under
the trading symbol "CNL" and on the OTCQX under the trading symbol
"CNLMF".
Information Contact:
Follow Executive Chairman Ari Sussman
(@Ariski73) and Collective Mining
(@CollectiveMini1) on Twitter
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements.
Wherever possible, words such as "may", "will", "should", "could",
"expect", "plan", "intend", "anticipate", "believe", "estimate",
"predict" or "potential" or the negative or other variations of
these words, or similar words or phrases, have been used to
identify these forward-looking statements. These statements reflect
management's current beliefs and are based on information currently
available to management as at the date hereof.
Forward-looking statements involve significant
risk, uncertainties, and assumptions. Many factors could cause
actual results, performance, or achievements to differ materially
from the results discussed or implied in the forward-looking
statements. These factors should be considered carefully, and
readers should not place undue reliance on the forward-looking
statements. Although the forward-looking statements contained in
this news release are based upon what management believes to be
reasonable assumptions, Collective cannot assure readers that
actual results will be consistent with these forward-looking
statements. These forward-looking statements are made as of the
date of this news release, and Collective assumes no obligation to
update or revise them to reflect new events or circumstances,
except as required by law.
Neither TSXV nor its Regulation Services Provider (as that term
is defined in the policies of the TSXV) accepts responsibility for
the adequacy or accuracy of this news release.
SOURCE Collective Mining Ltd.