Collective Mining Ltd.
2025  ESG Report
Published on 2026-29-21
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective Mining is an advanced exploration company with projects in Caldas, Colombia. Management, insiders and close family and friends own nearly 35% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the NYSE American and TSX under the trading symbol “CNL”.
Disclaimer and Forward Looking Statements
Company Profile
Organizational Profile
Name Collective Mining Ltd.
Describe nature of activities, brands, products and services Collective Mining is an exploration company located in Caldas, Colombia, and is currently advancing the Guayabales and the San Antonio projects. The Company’s flagship discovery is the Apollo System, within the Guayabales Project, a high-grade and bulk tonnage gold-silver-copper-tungsten system. The Apollo tungsten discovery marks Colombia’s first known hard-rock occurrence of the metal and is of strategic national importance as the global tungsten supply is largely controlled by China.

Located directly within the Marmato mineral district of the prolific "Middle Cauca" belt in west-central Colombia, the area is one of the most underexplored mineral belts globally, particularly given the rich history of continuous gold and silver mining in Marmato and Supía dating back more than 500 years and hosting more than 10 fully permitted mining operations.

While adhering to a principled approach towards the environment, sustainability, and governance, we work hand-in-hand with all stakeholders for a mutually beneficial future.
Link to Corporate Website https://www.collectivemining.com/
Industry Classifications NAICS:
21 Mining, quarrying, and oil and gas extraction
21222 Gold and silver ore mining
212220 Gold and silver ore mining

ISIC:
B0729 Mining of other non-ferrous metal ores
Type of Operations Exploration Mining Company
Company Headquarters Toronto, Canada
ESG Accountability
Role of highest authority within the company for Environment, Social and Governance strategy, programs and performance Chief Executive Officer (CEO)
The name of the highest authority, if applicable Ned Jalil
GRI Reporting Requirements
Choose the statement as to how the organization has aligned their reporting utilizing GRI Standards
 The organization has reported with reference to the GRI Standards for the period defined below
ESG Reporting Period
Unless otherwise noted, all data contained in this report covers the following period
From 2025-01-01
To 2025-12-31
External Assurance
Describe your company's policy and practice for seeking external assurance, including whether and how the highest governance body and senior executives are involved Collective Mining has not obtained external assurance for its sustainability reports. The company conducts self-declared reporting and prepares its disclosures internally without third-party verification.
Are the highest governance body and senior executives involved Yes
Describe how the highest governance body and senior executives are involved The Board of Directors retains ultimate responsibility for oversight of sustainability reporting processes and approves all organizational policies and commitments. The CEO, as the highest authority for environment, social and governance strategy, programs and performance, is accountable for the company's sustainability initiatives.

The Vice President of Sustainability supports implementation of the sustainability strategy
Has the report been externally assured No
Financial Reporting Period
Does the financial reporting period align with the sustainability reporting period (e.g. calendar vs fiscal) Yes
Geographic Scope of Report
Unless otherwise noted, the data in this report covers sustainability matters related to the following locations of operations Colombia
Identify notable exclusions of the geographical and/or business scope of the report, and reference of any existing or planned reports that do or will address these (e.g., assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.) No exclusions
Reporting Practice
Does the organization have audited consolidated financial statements or financial information filed on public record Yes
Does the organization consist of multiple entities No
Does the approach involve adjustments to information for minority interests No
How does the approach take into account mergers, acquisitions, and disposal of entities or parts of entities Does not apply
Does the approach used for consolidating the information differ across the disclosures in this Standard (GRI 2) and across material topics No
Explain whether and how the approach differs across the disclosures in this Standard and across material topics The organization reports on an operational control basis, meaning all activities under Collective Mining's direct management authority are included in the consolidated data, ensuring transparency and completeness in sustainability performance reporting.
Is the data and assumptions used in preparing the sustainability-related financial disclosures consistent (to the extent possible considering the requirements of IFRS Accounting Standards or other applicable GAAP) with the corresponding data and assumptions used in preparing the related financial statements. Yes
Report what are the restatements and the reasons for restatements, if any, from previous reporting periods Not Applicable
Explain the effect of such restatements, if any Does not Apply
Provide the full contact details (name, title, address, email and/or phone number) for an individual responsible to address questions regarding the report or its contents Ned Jalil, Chief Executive Officer, Collective Mining Ltd.,
Mail: n.jalil@collectivemining.com

For any other specific contact details please refer to the company's official website at collectivemining.com
Currency
Unless otherwise noted, all financial figures referenced in this report are in the following currency USD
Membership of Associations
List of the industry associations, other membership associations, and national or international advocacy organizations in which the organisation participates in a significant role, as well as any economic, environmental, and social charters, principles, or other programmes that the organisation subscribes to or supports, such as the United Nations Global Compact (UNGC), etc. The organisation participates in and collaborates with a number of industry, business and professional associations that support responsible mineral exploration, technical advancement and regional development, including:

* Asociación Colombiana de Minería (ACM)
* ANDI
* ProCaldas
* Society of Economic Geologists (SEG)
* Society for Geology Applied to Mineral Deposits (SGA)

The Company actively participates in the Boards of Directors of ANDI and ProCaldas, contributing to discussions related to regional development, competitiveness and responsible industry practices in Colombia.

Through its participation in these organizations and industry forums, the Company seeks to contribute to the advancement of responsible exploration practices, the exchange of technical knowledge and constructive dialogue with industry, government and regional stakeholders.
Scale of the Organization
Legal form of corporate ownership Incorporated entity
Describe how the organization defines its "Operation" and the sector(s) in which it is active For this report, the "operation" refers to all resources devoted to the Guayabales and San Antonio Projects in Colombia.
Report the total number of operations 2
The organization's definition used for ‘mine site’ Collective Mining defines its operation as all resources devoted to the Guayabales and San Antonio Projects in Colombia, which represents two mining exploration projects.
Mine site 1
Name of the site
Geographic location (country and coordinates)
Size (hectares)
Mine site 2
Name of the site Exploration site 2: San Antonio Project
Geographic location (country and coordinates) Colombia.
Department of Caldas
Municipalities of Pácora
Size (hectares) 1,664.000
Fragile and Conflict-Affected Situations
Identify all of the entity's countries of operations that align with the World Bank's list of "Fragile and Conflict-Affected Situations" None
Mineral Resource Types in Scope
Which of the following mineral resource types are covered by this report None
Mineral Reserve Types in Scope
Which of the following mineral reserve types are covered by this report None
Strategy
Corporate Purpose, Vision, Mission and Values; statements of sustainability/ESG strategy Collective Mining is committed to operating as a responsible corporate citizen that creates value for all stakeholders while respecting the environment and communities where we work. Our sustainability strategy is built on the principle of inclusion and stakeholder participation, guided by our material topics of environmental compliance, occupational health and safety, local community engagement, workforce development, and water management.

We integrate sustainable development into our core business operations through our Board-approved policies including our Code of Business Conduct and Ethics, Health, Safety and Security Policy, and Sustainability Policy. Our commitment extends to respecting human rights, applying the Precautionary Principle, and conducting our operations in accordance with the United Nations Universal Declaration of Human Rights and the Voluntary Principles on Security and Human Rights.

Through our operations in Colombia, we strive to balance economic development with environmental stewardship and social responsibility, ensuring that our exploration activities contribute positively to sustainable development in the regions where we operate.
Provide a statement from the highest governance body or most senior executive of the organization (i.e., CEO, chair, or equivalent senior position) about the relevance of sustainable development to the organization and its strategy for contributing to sustainable development. (CEO's message for this report) Please see the attached statement from our CEO.
Material Topics
Governance of Material Topics
Describe the process followed to determine the organization's material topics The determination of material topics was based on the principle of inclusion and stakeholder participation to identify relevant issues, associated impacts, the organization’s scope of influence, and response mechanisms. Once the information was consolidated, a workshop was held to assess and prioritize the most relevant material topics.
How did the organization identify the material topics
  • Economic impact assessment
  • Environmental impact assessment
  • Social impact assessment
  • Grievance mechanisms
How did the organization prioritize the impacts based on their significance The organization prioritized material topics based on their significance through survey results, one-on-one interviews, and semi-structured interviews conducted with key stakeholders including community members, local authorities, employees, civil society organizations, governments, shareholders and other capital providers, and local communities. Following information consolidation from these engagement processes, a workshop was held to assess and prioritize the most relevant material topics for the organization's operations.
Specify the stakeholders and experts whose views have informed the process of determining its material topics and provide details
  • Civil society organizations
  • Employees and other workers
  • Governments
  • Local communities
  • Shareholders and other capital providers
List the organization's material topics
  • Water and Effluents
  • Freshwater
  • Environmental Compliance
  • Employment Practices
  • Diversity, Equal Opportunity & Inclusion
  • Workforce Engagement
  • Labour Relations
  • Local Hiring Practices
  • Occupational Health and Safety
  • Local Communities
  • Indirect Economic Impacts
  • Customer Health and Safety
  • Legal & Regulatory Environment
  • Managing Systemic Risks
  • Workforce Health and Safety
List the organization's non-material topics
 Other, please specify
Non-material topics are not defined for the organization.
Provide reasons for considering such topics not material, provide details Not applicable
Report changes to the list of material topics compared to the previous reporting period The list remains the same as in the previous report.
Describe commitments to provide for or cooperate in the remediation of negative impacts that the organization identifies it has caused or contributed to Collective Mining is committed to remediating negative impacts it identifies through its operations. The organization has established grievance mechanisms as part of its material topics assessment process and implements remediation through its community engagement strategy, which includes proactive engagement, stakeholder dialogue and agreement, joint evaluation, and maintaining positive relationships.
Describe the approach to identify and address grievances, including the grievance mechanisms that the organization has established or participates in Collective Mining has established a comprehensive grievance mechanism as a fundamental component of its stakeholder engagement and risk management framework. The organization identifies and addresses grievances through multiple channels, including in-person guidance from the social management team, telephone hotlines, and/or email notifications.

The management process involves investigating each case, consulting with the relevant company departments, and resolving situations that may cause dissatisfaction by providing timely responses.
If the management of material topics includes grievance mechanism(s), describe how the stakeholders who are the intended users of the grievance mechanisms are involved in the design, review, operation, and improvement of these mechanism(s) The company conducts regular consultations with intended users including employees, community members, local authorities, and civil society organizations through surveys, one-on-one interviews, and semi-structured interviews to gather feedback on grievance mechanism effectiveness. This stakeholder input is consolidated and reviewed during periodic workshops to assess and enhance the mechanisms based on identified needs and concerns.
Ownership of the grievance mechanism The grievance mechanism is managed by the vice-presidency for sustainability through the social management team, which is responsible for the timely management of risks and impacts identified or perceived by stakeholders
The purpose of the grievance mechanism and its relationship to other grievance mechanisms The purpose of the complaints mechanism is to provide communities and leaders (external stakeholders) with a formal, accessible, and transparent channel for submitting concerns, complaints, claims, or suggestions related to the organization's activities. This mechanism seeks to ensure timely attention, objective analysis, and adequate resolution of reported situations, contributing to conflict prevention, strengthening trust, and continuously improving social and operational management.
The organization’s activities that are covered by the grievance mechanism The complaints mechanism covers all activities carried out by the organization that may generate impacts, perceptions, or dissatisfaction on the part of stakeholders. The mechanism includes, among others, the following activities:

* Exploration activities: drilling, prospecting, and others
* Social investment projects and community activities
* Activities carried out by contractors, suppliers, and partners
* Relationship activities with different stakeholders.

This mechanism allows for the receipt and management of complaints associated with social, environmental, operational, or reputational impacts resulting from the organization's actions.
The intended users of the grievance mechanism The grievance mechanism is designed to manage complaints from external stakeholders such as community leaders, local communities, public institutions, local and national authorities, among others.
How the grievance mechanism is managed The complaints mechanism is managed through a procedure that guarantees due process in the reception, analysis, investigation, and timely closure of complaints. It is fully operated by the social management team responsible for stakeholder relationship.
The process to address and resolve grievances, including how decisions are made The management structure includes:

* Receipt: Complaints may be submitted verbally or in writing.
* Analysis: The complaint is analyzed and assigned to the responsible area of the company for evaluation and processing.
* Management and response: Verification activities, meetings, corrective or preventive measures, and communication with the complainant are carried out.
* Follow-up and closure: The case is followed up until its closure, with a record of the response provided.
The effectiveness criteria used in the grievance mechanism The criteria for the effectiveness of the complaints mechanism are designed to ensure that it is functional, reliable, and useful for stakeholders, and that it contributes to the continuous improvement of organizational management.

* Accessibility:  easy access for different stakeholders
* Timeliness: Complaints are addressed, ensuring timely responses and solutions.
* Transparency and traceability: The process allows for the recording, tracking, and documentation of each complaint from receipt to closure.
* Impartiality and objectivity: Complaints are analyzed and resolved fairly, without conflicts of interest or bias, based on technical and regulatory criteria.
* Confidentiality: The identity of the user is protected, and there is no retaliation for using the mechanism.
* Effective resolution: Corrective actions resolve the complaint and address its root causes, preventing recurrence.
* Monitoring and continuous improvement: Information derived from complaints is used to identify risks and opportunities for improvement in the organization's processes and activities.
The total number of grievances filed through the mechanism during the reporting period 18
The number of grievances that were addressed (or reviewed) during the reporting period 18
Percentage of grievances that were addressed (or reviewed) during the reporting period 100.0000%
The number of grievances that were resolved during the reporting period 16
Percentage of grievances that were resolved during the reporting period 88.8889%
The number of grievances filed through the mechanism prior to the reporting period that were resolved during the reporting period 1
Average time to investigate and resolve grievances (days) 15
The number of grievances that were resolved by remediation 10
For the grievances that were resolved by remediation - how remedy was provided Remediation was provided through financial compensation and/or compensatory payments, determined on the basis of a technical, social, and legal assessment of each case. These measures were aimed at compensating for the identified impacts, ensuring fair treatment of the claimant, and restoring the conditions that existed prior to the events that gave rise to the complaint.
Describe other processes by which the organization provides for or cooperates in the remediation of negative impacts that it identifies it has caused or contributed to In addition to financial compensation mechanisms, the organization provides or cooperates in remedying negative impacts that it has caused or contributed to through other complementary processes. These include the implementation of corrective and preventive measures, the adjustment or strengthening of operating procedures, coordination with local authorities and community actors, and the execution of social, environmental, and/or operational restitution or mitigation actions, depending on the nature of the identified impact.
How are stakeholders who are the intended users of the grievance mechanisms involved in the design, review, operation, and improvement of these mechanisms The organization promotes spaces for dialogue and consultation with affected parties, monitors and verifies the effectiveness of the measures adopted, and documents the results as part of the closure process, in order to prevent the recurrence of similar impacts and strengthen the continuous improvement of its management.
Describe how the organization tracks the effectiveness of the grievance mechanisms and other remediation processes The organization monitors the effectiveness of complaint mechanisms through indicators of response time, recurrence, and social license to operate.
Examples of the effectiveness of the grievance mechanisms and other remediation processes, including stakeholder feedback Collective Mining's grievance mechanism has proven its effectiveness through regular stakeholder participation and continuous improvement processes. The company collects feedback on the mechanism's performance through ongoing engagement with complainants and stakeholders in general.

An example of its effectiveness is that there have been no closures of the company's operations.
Supply Chain
Provide a description of the organization’s supply chain, including the types of suppliers (e.g., equipment, consumables, logistics, brokers, contractors, wholesalers, etc.) Specialized services mainly in mining drilling, laboratory sampling, service and supply providers, environmental studies and easements or property rentals.
Total estimated number of suppliers throughout its supply chain and in each tier (e.g., first tier, second tier) 13
Estimated number of first tier suppliers 13
The types of activities related to the organization’s products and services carried out by its suppliers (e.g., manufacturing, providing consulting services)
  • Transporation Services
  • Consultancy Services
  • IT Services
  • Food and hospitality
  • Others, please specify
Mining Drilling and laboratory Sampling
What is the nature of its business relationships with its suppliers Contractual
The sector-specific characteristics of its supply chain Not applicable
The estimated monetary value of payments made to all suppliers (currency, Thousands) 17,133,854.420
The geographic location of its suppliers Colombia
Environment
Climate Change - Stewardship
Strategy
Have climate-related risks and opportunities influenced your organization’s strategy and/or financial planning Yes
Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities No - important but not an immediate business priority
Is a system in place to calculate the financial implications or costs, or to make revenue projections No
Plans and timeline to develop systems to calculate the financial implications or costs, or to make revenue projections Collective Mining recognizes that climate-related risks and opportunities have influenced its strategy and financial planning. However, the organization does not currently have a dedicated system in place to calculate the financial implications or costs associated with climate-related risks or to make related revenue projections.
Risk Assessments
Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your business No - risks exist, but none with potential to have a substantive financial or strategic impact on business
Opportunity Assessments
Have you identified any climate-related opportunities with the potential to have a substantive financial or strategic impact on your business No
Climate resilience
Does the organization have a climate change adaptation plan in place No
If climate-adaptation plan is in place, provide a summary of the plan and the progress made in implementing the plan Collective Mining does not currently have a formal climate-adaptation plan in place.  
Describe how engagement with stakeholders has informed the climate adaptation plan Does not apply
Greenhouse Gas Emissions
Scope 1
Provide the total company calculated gross Scope 1 GHG emission amount (tonnes CO₂-e) and a description of methodology in the details 2,068.640
Carbon dioxide (CO₂) (tonnes) 2,057.710
Methane (CH₄) (tonnes CO₂-e) 3.920
Nitrous oxide (N₂O) (tonnes CO₂-e) 7.000
Hydrofluorocarbon (CHFs) (tonnes CO₂-e) 0.000
Perfluorocarbons (PFCs) (tonnes CO₂-e) 0.000
Sulphur hexafluoride (SF₆) (tonnes CO₂-e) 0.000
The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms 99.0008%
Discuss any change in its Scope 1 emissions from the previous reporting period, including whether the change was due to emissions reductions, divestment, acquisition, mergers, changes in output, and/or changes in calculation methodology (i.e. any changes the entity made to the measurement approach, inputs and assumptions during the reporting period and the reasons for those changes, if any) The change in emissions was 98.76%. This is mainly due to an overall increase in the use of fossil fuels, since there has been no significant change in the emission factor and is related to the increase in mining drilling activities.
In the case that current reporting of GHG emissions to the CDP or other entity (e.g., a national regulatory disclosure program) differs in terms of the scope and consolidation approach used, describe the differences and provide those reported emissions. The methodology implemented for measuring GHGs is aligned with the GHG protocol.
The entity may discuss the calculation methodology for its emissions disclosure, such as if data are from continuous emissions monitoring systems (CEMS), engineering calculations, or mass balance calculations This is done by monitoring fuel consumption by the entity.
The entity may, where relevant, provide a breakdown of its emissions per resource produced or business unit The only business unit is exploration. However, there are two projects for which results are broken down. For the “Guayabales" operation, it is 1660.35 tons of CO2e, and for the “San Antonio" operation, it is 408.29 tons of CO2e.
Discuss short-term, medium-term and long-term  strategy or plan to manage its Scope 1 greenhouse gas (GHG) emissions In the short term, the strategy is based on purchasing carbon offsets with the goal of becoming carbon neutral.
The timelines for the emissions reduction activity:
Start year 2022-01-01
Target year 2024-12-12
Base year 2022-12-31
Rationale for choosing the base year for the calculation Collective Mining selected 2022 as the base year for greenhouse gas emissions calculations because it was the year measurement began and establishes a consistent and comparable baseline for monitoring indicators and management plans.
Scope 1 GHG emissions in the base year (tonnes CO₂-e) 985.260
The percentage change against the base year, with the base year representing the first year against which emissions are evaluated toward the achievement of the target 109.9588%
Total base year GHG emissions 985.260
Present year GHG emissions 2,068.640
The context for any significant changes in emissions that triggered recalculations of the base year emissions Collective Mining's Scope 1 greenhouse gas emissions increased to 2,068.64 tonnes CO2e in 2025, primarily driven by an overall increase in fossil fuel consumption associated with heightened exploration  activities across the Guayabales and San Antonio projects, with no significant changes to emission factors. The increase reflects operational expansion rather than changes in calculation methodology.
Source of the emission factors and the global warming potential (GWP) rates used, or a reference to the GWP source
 IPCC 2019, AR6
What consolidation approach is used for emissions Operational control
Standards, methodologies, assumptions, and/or calculation tools used and what was the reason they have been chosen The GHG Protocol, based on the IPCC, is a nationally used standard.
Scope 2
If company specific calculations are not available, provide information following the gross location-based energy indirect (Scope 2) global greenhouse gas (GHG) emissions approach:
Does the company purchase externally supplied energy (grid electricity) Yes
Report the total electricity purchased from external suppliers for the reporting year in gigajoules (GJ) 453.580
In what jurisdiction is the source of energy (utility) located Colombia
Conversion factor (see Guidance):
 0.096
Total amount of Scope 2 GHG emissions from purchased electricity (CO₂-e) (tonnes) 12.095
Does the company purchase externally supplied heat No
Does the company purchase externally supplied steam No
Does the company purchase externally supplied cooling No
The total amount of gross location based global Scope 2 GHG emissions (tonnes CO₂-e) 24.181
Total amount of Scope 2 GHG emissions (CO₂-e) that are covered under emissions-limiting regulations (tonnes) for the jurisdiction in which the company is working. 0.000
Does not apply
Percentage of its gross global Scope 2 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, i.e., cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms 0.0000%
Discuss long-term and short-term strategy or plan to manage Scope 2 emissions, emissions reduction targets, and an analysis of performance against those targets The strategy for managing Scope 2 greenhouse gas emissions involves purchasing carbon credits, which enables the company to achieve carbon neutrality,
The timelines for the emissions reduction activity:
Start year 2022-01-01
Target year 2024-01-01
Base year 2022-01-01
Rationale for choosing the base year for the calculation Collective Mining selected 2022 as the base year for greenhouse gas emissions calculations because it was the year measurement began and establishes a consistent and comparable baseline for monitoring indicators and management plans.
Scope 2 GHG emissions in the base year (CO₂-e) 5.185
The percentage change against the base year, with the base year representing the first year against which emissions are evaluated toward the achievement of the target -100.0000%
Total base year GHG emissions 5.185
Present year GHG emissions 0.000
The context for any significant changes in emissions that triggered recalculations of the base year emissions There are no recalculations
Source of the emission factors and the global warming potential (GWP) rates used, or a reference to the GWP source
 XM Consultants 2025. National Energy Information and Statistics System.
Consolidation approach for emissions Operational control
Standards, methodologies, assumptions, and/or calculation tools used and what was the reason they have been chosen Emissions factor per kWh, as defined by the IPCC in the context of the GHG methodology.
Scope 3
Is the Organization disclosing gross "other indirect" global Scope 3 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonnes CO₂-e)? These emissions are not included in Scope 2 and occur outside of the organization including both upstream and downstream emissions, e.g., transporting fuel to market, or transporting fuel to the plant or site to create your product, or transporting your product to market Yes
If yes, please enter the total gross Scope 3 greenhouse gas (GHG) emissions for the reporting period in tonnes CO₂-e 281.189
Discuss the short-term, medium-term and long-term strategy or plan to manage Scope3 emissions, emissions reduction targets, and an analysis of performance against those targets The strategy for managing Scope 3 greenhouse gas emissions involves purchasing carbon credits to achieve carbon neutrality,
Provide other indirect (Scope 3) GHG emission categories and activities included in the calculation Value chain: Third-party vehicle operations; Air travel; Office paper consumption; Waste generated from internal operations but disposed of or managed by third parties.
Source of the emission factors and the global warming potential (GWP) rates used, or a reference to the GWP source
 IPCC 2019, AR6, ICAO, 2025.
Standards, methodologies, assumptions, and/or calculation tools used and what was the reason they have been chosen The GHG Protocol, based on the IPCC, is a standard used at the national level.
Total calculated gross Scope 3 greenhouse gas (GHG) emissions for the reporting period (tonnes of CO₂-e) 555.316
(1) purchased goods and services (upstream activities) (tonnes of CO₂-e) 275.500
(2) capital goods (upstream activities) (tonnes of CO₂-e) 0.000
(4) upstream transportation and distribution (upstream activities) (tonnes of CO₂-e) 0.000
(5) waste generated in operations (upstream activities) (tonnes of CO₂-e) 5.690
(6) business travel (upstream activities) (tonnes of CO₂-e) 36.116
(7) employee commuting (upstream activities) (tonnes of CO₂-e) 238.010
(8) upstream leased assets (upstream activities) (tonnes of CO₂-e) 0.000
(9) downstream transportation and distribution (downstream activities) (tonnes of CO₂-e) 0.000
(10) processing of sold products (downstream activities) (tonnes of CO₂-e) 0.000
(11) use of sold products (downstream activities) (tonnes of CO₂-e) 0.000
(12) end-of-life treatment of sold products (downstream activities) (tonnes of CO₂-e) 0.000
(13) downstream leased assets (downstream activities) (tonnes of CO₂-e) 0.000
(14) franchises (downstream activities) (tonnes of CO₂-e) 0.000
(15) investments (downstream activities) (tonnes of CO₂-e) 0.000
Gross other indirect GHG emissions (tonnes of CO₂-e) 0.000
Carbon Offset and Pricing
Credits
Did the entity use or plan to use carbon credits to offset greenhouse gas emissions to achieve any net greenhouse gas emissions target Yes
Disclose the extent to which, and how, achieving any net greenhouse gas emissions target relies on the use of carbon credits A total of  1.400 carbon credits were purchased, offsetting 100% of the reported Scope 1, 2, and 3 GHG emissions generated in 2024.

Carbon credits are purchased in the year following the measurement; therefore, the offset made in 2025 corresponds to the carbon footprint recorded in 2024.
Disclose which third-party scheme(s) will verify or certify the carbon credits The offset bonds were implemented through the conservation project "UNU- MAI REDD +".
What is the underlying offset in carbon credit used Nature-based
Is the underlying offset achieved through carbon reduction or removal Carbon removal
Air Emissions
Emissions Management
Disclose the management approach regarding Emissions There is no emissions management system in place. Collective Mining is an exploration company. As such, it does not produce tonnes of emissions. As the Guayabales or San Antonio projects mature to operations, Collective Mining will report its emissions.  
Emissions of air pollutants that are released into the atmosphere - carbon monoxide, reported as CO (tonnes) 0.000
Emissions of air pollutants that are released into the atmosphere - oxides of nitrogen (NOx), reported as NOx (tonnes) 0.000
Emissions of air pollutants that are released into the atmosphere - oxides of sulphur (SOx), reported as SOx (tonnes) 0.000
Emissions of air pollutants that are released into the atmosphere - Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀  (tonnes)
 0.000
Emissions of air pollutants that are released into the atmosphere - lead and lead compounds, reported as Pb (tonnes) 0.000
Emissions of air pollutants that are released into the atmosphere - mercury and mercury compounds, reported as Hg (tonnes) 0.000
Emissions of air pollutants that are released into the atmosphere - non-methane Volatile Organic Compounds (VOCs)  (tonnes) 0.000
Discuss the calculation methodology for emissions disclosure and specify if the data is from: Not Applicable
Energy
Energy Consumption
Total energy consumption within the organization (gigajoules, GJ) 35,721.470
Report the energy owned and controlled by the organization consumed in gigajoules for the following 35,721.470
Electricity purchased/generated for consumption (gigajoules, GJ) 453.580
Heating purchased/generated for consumption (gigajoules, GJ) 0.000
Cooling purchased/generated for consumption (gigajoules, GJ) 0.000
Steam purchased/generated for consumption (gigajoules, GJ) 0.000
Non-renewable fuel consumed (gigajoules, GJ) 35,267.890
Renewable fuel consumed (gigajoules, GJ) 0.000
Fuel types used from non-renewable sources Diesel and gasoline
Fuel types used from renewable sources Does not apply
Report energy owned and controlled by the organization sold in gigajoules and report the totals for each 0.000
Electricity sold  (gigajoules, GJ) 0.000
Heating sold (gigajoules, GJ) 0.000
Cooling sold  (gigajoules, GJ) 0.000
Steam sold (gigajoules, GJ) 0.000
Report the standards, methodologies, assumptions and/or calculation tools used Energy consumption is calculated using the GHG Protocol methodology aligned with the IPCC standards. Total energy consumption of 35,711.11 gigajoules comprises purchased electricity of 443.22 gigajoules and non-renewable fuel consumption of 35,267.89 gigajoules, primarily from diesel and gasoline used in exploration and operational activities. Energy calculations are based on fuel delivery records and electricity purchase invoices converted to gigajoules using standard conversion factors.
Source of the conversion factors used Energy conversion factors were sourced from the Colombian National System of Energy Information and Statistics and the Intergovernmental Panel on Climate Change guidelines in accordance with GRI 302-1-g and the Greenhouse Gas Protocol methodology.
Energy Consumption Outside the Organization
Report the energy consumption outside of the organization (gigajoules, GJ) 0.000
No energy consumption measurement was performed outside the organization for the reporting period.
Non-renewable energy consumption outside of the organization (gigajoules, GJ) 0.000
Renewable energy consumption outside of the organization (gigajoules, GJ) 0.000
Energy Management
Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy) 35,711.110
Percentage energy consumed that was supplied by grid electricity 1.2411%
Percentage of energy consumed that was renewable energy (does not include purchased grid-mix) 0.0000%
Water
Reuse and recycle
Total volume of water that has been used in an operational task and is recovered and used again in an operational task, either without treatment (reuse) or with treatment (recycle) (megalitres) 0.045
Reused and/or recycled water as a percentage of total water consumed during the reporting period (%)
The percentage of reused and/or recycled water is 50.59%
Water Management
Disclose the amount of water that was withdrawn from all sources (in thousands of cubic meters) 45.703
Surface water - including water from wetlands, rivers, lakes, and oceans - (in thousands of cubic meters) 9.036
Ground water (in thousands of cubic meters) 34.337
Rain water collected directly and stored by the company (in thousands of cubic meters) 0.072
Waste water obtained from other entities (in thousands of cubic meters) 0.000
Municipal water supplies (in thousands of cubic meters) 2.258
Other water utilities (in thousands of cubic meters) 0.000
Other, please specify (in thousands of cubic meters) 0.000
Disclose the amount of water that was withdrawn from non-freshwater sources (in thousands of cubic meters) 0.000
Disclose the amount of water that was withdrawn from fresh water sources (in thousands of cubic meters) 45.631
Disclose the amount of fresh water that was consumed in its operations (in thousands of cubic meters) 45.631
Analyse and list all operations for water risks and identify activities that withdraw and consume water in locations with High (40–80%) or Extremely High (>80%) Baseline Water Stress as classified by the World Resources Institute’s (WRI) Water Risk Atlas tool, Aqueduct Not applicable
Disclose the fresh water withdrawn in locations with High or Extremely High Baseline Water Stress as a percentage of the total water withdrawn 0.0000%
Disclose water withdrawn in locations with High or Extremely High Baseline Water Stress (in thousands of cubic meters) 0.000
Disclose fresh water consumed in locations with High or Extremely High Baseline Water Stress as a percentage of the total water consumed 0.0000%
Total water consumed in locations with high or extremely high baseline water stress (in thousands of cubic meters) 0.000
Was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations No
Total number of incidents of non-compliance associated with water quality permits, standards, and regulations, including violations of a technology-based standard and exceedances of quality-based standards (note: only those that resulted in a formal enforcement
action(s))		 0
Total number of violations - continuous discharges, limitations, standards, and prohibitions that are generally expressed as maximum daily, weekly average, and monthly average (regardless of their measurement methodology or frequency) 0
Total number of violations - non-continuous discharges and limitations that are generally expressed in terms of frequency, total mass, maximum rate of discharge, and mass or concentration of specified pollutants (regardless of their measurement methodology or frequency) 0
Total number of violations - other, please specify 0
Water and Effluents
Water Withdrawal by Segment
Total water withdrawn by segment, in megalitres (ML) 43.373
Surface water (total in ML) 43.373
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 43.373
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Groundwater (total in ML) 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Seawater (total in ML) 0.000
Produced water (total in ML)
 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Third-party water (total in ML)
 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Report on the total water withdrawal from all areas with water stress in megalitres (ML), and a breakdown of this total by the following sources 0.000
Surface water (total in ML)
 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Groundwater (total in ML) 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Seawater (total in ML) 0.000
Produced water (total in ML)
 0.000
Freshwater (≤1,000 mg/L Total Dissolved Solids or TDS) 0.000
Other water (>1,000 mg/L Total Dissolved Solids or TDS) 0.000
Third-party water, in megalitres (ML), and a breakdown of this total by the withdrawal sources 0.000
Surface water source Not applicable
Surface water 0.000
Groundwater source Not applicable
Groundwater 0.000
Seawater source 0
Seawater 0.000
Produced water source Not applicable
Produced water 0.000
Report any contextual information necessary to understand how the data was compiled, i.e., any standards, methodologies, and assumptions used Collective Mining compiles water and effluent data in accordance with GRI Standards using established methodologies and assumptions aligned with internationally recognized frameworks. Data collection follows the GHG Protocol and IPCC standards for consistency with environmental accounting practices.
Water Consumption
Report the total water consumption from all areas in megalitres 45.631
Report the total water consumption from all areas with water stress in megalitres 0.000
Waste Management
Tailings Storage Facilities Management
Does your company manage Tailings Storage Facilities No
Disclose the approach to the development of Emergency Preparedness and Response Plans (EPRPs) Collective Mining is currently in the exploration and appraisal stage of operations and does not currently manage Tailings Storage Facilities.
Critical Incident Management
Response Preparedness
Describe the organization’s approach to emergency preparedness and response plans Collective Mining designs, implements, and maintains its emergency preparedness and response system in compliance with Colombia’s current legal framework. This process is based on the identification, assessment, and control of operational, environmental, and occupational risks, taking into account scenarios associated with natural, technological, and human-induced emergencies specific to mining operations.

As a fundamental part of the system, Collective Mining establishes and maintains Comprehensive Emergency Brigades, which are properly structured and trained in fire control, evacuation, rescue, pre-hospital care, and first aid, in accordance with the technical guidelines of the Occupational Health and Safety Management System.

The organization ensures ongoing education, training, and periodic drills aimed at strengthening staff competencies, evaluating the effectiveness of plans, and promoting an organizational culture based on prevention, self-protection, and timely response.
Frequency of testing the plans Every two years
How engagement with local communities, workers, public sector agencies, first responders, and local authorities and institutions has informed the plans The company has a Mutual Aid Plan, which establishes formal mechanisms for cooperation, coordination, and mutual support with neighboring companies, community organizations, emergency response teams, municipal authorities, and other stakeholders in the operational environment.

Through this initiative, the company promotes information sharing, joint risk identification, resource coordination, the definition of roles and responsibilities, and the conduct of inter-agency training and drills, thereby strengthening the collective capacity to respond to critical incidents.
Report the number of critical incidents in the reporting period 0
Describe the impacts from the incidents Does not apply
Actions taken to remediate the negative impacts from the incidents Does not apply
Report the percentage of mine sites that have emergency preparedness and response plans in place (%) 100.0000%
List the sites that do not have emergency preparedness and response plans Does not apply
Biodiversity
Management Plan
Describe the environmental and biodiversity management plan(s) implemented at active sites In adherence to environmental mining standards, Collective Mining implements environmental guidelines for mining exploration activities in the Guayabales and San Antonio projects.
Lifecycle stages to which the plan(s) apply Exploration and appraisal
The topics addressed by the plan(s)
  • Waste generation
  • Noise impacts
  • Emissions to air
  • Discharges to water
The underlying references for its plan(s), including whether they are codes, guidelines, standards, or regulations; whether they were developed by the entity, an industry organization, a third-party organization (e.g., a non-governmental organization, a governmental agency, or some combination of these groups) The plan was developed by the internal team, using Colombian environmental regulations applicable to mining exploration activities as the primary reference.
Impacts of Policies and Procedures
Where relevant, describe specific policies and practices that apply to areas with protected conservation status and/or areas of critical habitat, which are defined by the International Finance Corporation (IFC) Performance Standard 6 Collective Mining's operations and concessions do not involve protected conservation areas or critical habitats.
If the management policies and practices do not apply to all of the entity’s sites or operations, indicate the percentage of sites to which they were applied 100.0000%
Where environmental management policies and practices differ significantly by mineral resource (e.g., bauxite mining as compared to silver mining) then describe differences for each resource Collective Mining's current operations focus on exploration activities for gold, silver, copper, and tungsten within the Guayabales and San Antonio projects in Colombia. Given the company's exploration-stage status and single geographic operational focus, environmental management policies and practices are applied uniformly across all mineral resources under exploration rather than being differentiated by resource type.
Impacts
Percentage of sites in or near ecologically sensitive areas Does Not Apply
Does access to the site involve traversing a protected area No
Do any of the entities concessions share a watershed with a protected area No
Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve Does Not Apply
Percentage of proven reserves in sites with protected conservation status or in areas of endangered species habitat Does Not Apply
Grade of proven reserves located in areas either with protected conservation status or in areas of endangered species habitat - Metals
Copper (Cu) (% per tonne) 0.000
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Percentage of probable reserves in sites with protected conservation status or in areas of endangered species habitat Does Not Apply
Grade of probable reserves located in areas either with protected conservation status or in areas of endangered species habitat - Metals
Copper (Cu) (% per tonne) 0.000
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Social
Scale of the Organization
Direct Employee Information
Total number of permanent full-time employees 139
Full-time - Male 87
Full-time - Female 52
Full-time - Non-binary 0
Full-time - Gender not disclosed 0
Total number of permanent part-time employees 0
Part-time - Male 0
Part-time - Female 0
Part-time - Non-binary 0
Part-time - Gender not disclosed 0
Total number of permanent employees (full-time & part-time) 139
Permanent employees - Male 87
Permanent employees - Female 52
Permanent employees -Non-binary 0
Permanent employees - Gender not disclosed 0
Total number of temporary employees (full-time & part-time) 57
Temporary employees - Male 41
Temporary employees - Female 16
Temporary employees - Non-binary 0
Temporary employees - Gender not disclosed 0
Total number of direct employees (includes full-time permanent, part-time permanent, temporary; exclude workers who are not employees) 196
Direct employees - Male 128
Direct employees - Female 68
Direct employees - Non-binary 0
Direct employees - Gender not disclosed 0
Percentage of direct employees -  Male 65.3061%
Percentage of direct employees - Female 34.6939%
Percentage of direct employees - Non-binary 0.0000%
Percentage of direct employees - Gender not disclosed 0.0000%
Out of the total direct employees, what is the number of non-guaranteed hours direct employees 0
Non-guaranteed hours - Male 0
Non-guaranteed hours - Female 0
Non-guaranteed hours - Non-binary 0
Non-guaranteed hours - Gender not disclosed 0
Describe the methodologies and assumptions used to compile the data The information involves monthly tracking and monitoring of databases for both direct employees and contractors. Additionally, a psychosocial risk survey is conducted to characterize the profile of each employee.
Are the numbers reported in head count, full-time equivalent (FTE), or using another methodology Head count
Are the numbers reported at the end of the reporting period, as an average across the reporting period, or using another methodology Total number as at the end of the reporting period
Provide contextual information necessary to understand the direct employment information provided  The number of direct employees reflects two hiring models in accordance with current legal regulations in Colombia: direct employment with the company and temporary employment through an agency, used exclusively for positions with functions limited to a specific period.
Describe significant fluctuations, if any, in the number of direct employees during the reporting period and between reporting periods  In 2025, there was a 38% increase in direct employees compared to the previous year. This growth reflects the company's expansion and increased planning and and preparation for an advanced exploration stage.
Number of direct employees hired locally 159
Number of direct employees hired locally as a percentage of total number of direct employees 81.1224%
Describe how the entity defines "local" The term “local” refers to activities carried out in Colombia, specifically in the department of Caldas, where Collective Mining operates the Guayabales and San Antonio projects.
Workers Who are Not Employees
Total number of workers who are not employees - Male (full-time, part-time) 430
Full-time - Male 430
Part-time - Male 0
Total number of workers who are not employees - Female (full-time, part-time) 65
Full-time - Female 65
Part-time - Female 0
Total number of workers who are not employees - Non-Binary (full-time, part-time) 0
Full-time - Non-binary 0
Part-time - Non-binary 0
Total number of workers who are not employees - Gender not disclosed (full-time, part-time) 0
Full-time - Gender not disclosed 0
Part-time - Gender not disclosed 0
Total number of workers who are not employees and whose work is controlled by the organization (e.g., suppliers, customers, or other business partners, such as in joint
ventures)		 495
Percentage of workers who are not employees -  Male 86.8687%
Percentage of workers who are not employees - Female 13.1313%
Percentage of workers who are not employees - Non-binary 0.0000%
Percentage of workers who are not employees - Gender not disclosed 0.0000%
Describe the most common types of workers who are not employees and their contractual relationship with the organization Collective Mining’s primary contractors are involved in drilling activities for mineral exploration, as well as maintenance and transportation services.
The type of work they perform Contractors may provide a range of services such as drilling, equipment maintenance, transportation, and general services.
Describe the methodologies and assumptions used to compile the information about workers who are not employees. The information involves monthly tracking and monitoring of databases for both direct employees and contractors. Additionally, a psychosocial risk survey is conducted to characterize the profile of each employee.
Is the number of workers who are not employees reported in head count, full-time equivalent (FTE), or using another methodology Head count
Is the number of workers who are not employees reported at the end of the reporting period, as an average across the reporting period, or using another methodology At the end of the reporting period
Describe significant fluctuations, if any, in the number of workers who are not employees during the reporting period and between reporting periods This growth reflects the company's expansion and increased planning and and preparation for an advanced exploration stage.
Number of workers who are not employees hired locally 136
Number of workers who are not employees hired locally as a percent of total number of workers who are not employees 27.4747%
Total Workforce
Total workforce (includes direct employees and workers who are not employees) 691
Total female workforce 133
Female workforce as percentage of total employed workforce 19.2475%
Total male workforce 558
Male workforce as percentage of total employed workforce 80.7525%
Total non-binary workforce 0
Non-binary workforce as percentage of total employed workforce 0.0000%
Total workforce with gender not disclosed 0
Workforce with gender not disclosed as percentage of total employed workforce 0.0000%
Workers who are not employees (contractors) as percentage of total employed workforce 71.6353%
Total workforce who are hired locally 295
Total workforce hired locally as a percent of total workforce 42.6918%
Employment
Turnover & Gender Breakdown
Female direct employees:
Total number of turnover (the number of females that left during the period) 8
Rate of turnover, females 14.6789%
Male direct employees:
Total number of turnover (the number of males that left during the period) 40
Rate of turnover, males 37.2093%
Non-binary direct employees:
Total number of turnover (the number non-binary that left during the period) 0
Rate of turnover, non-binary Does Not Apply
Gender not disclosed employees:
Total number of turnover (the number of "gender not disclosed" direct employees" that left during the period) 0
Rate of turnover, "gender not disclosed" Does Not Apply
Report the total number and rate of turnover for all Direct Employees:
Total number of turnover (the number that left during the period) 48
Rate of turnover - direct employees 29.6296%
Turnover & Age Breakdown
Direct Employees aged 30 years old and under:
Total number of turnover (the number that left during the period) 10
Number at end of period as percent of total direct employees 40.8163%
Rate of turnover 13.3333%
Direct Employees aged between 30 and 50 years old:
Total number of turnover (the number that left during the period) 33
Number at end of period as percent of total direct employees 53.0612%
Rate of turnover 37.7143%
Direct Employees over 50 years old:
Total number of turnover (the number that left during the period) 5
Number at end of period as percent of total direct employees 6.1224%
Rate of turnover 52.6316%
Identify types of employees captured in the turnover rate calculations All employees on the payroll
Average age of direct employees 35
Diversity and Equal Opportunity
Diversity of Governance Bodies
The highest governance body (Board of Directors)
Total Board of Directors 5
Percent of the highest governance body - Male 60.0000%
Percent of the highest governance body -  Female 40.0000%
Percent of the highest governance body - Non-Binary 0.0000%
Percent of the highest governance body - Gender not disclosed 0.0000%
Percent of the highest governance body - under 30 years of age 0.0000%
Percent of the highest governance body - between 30 and 50 years of age 100.0000%
Percent of the highest governance body - over 50 years of age 0.0000%
Percent minority or vulnerable group individuals in the "highest governance body" category 0.0000%
Diversity of Direct Employees
Senior Management:
Total Senior Managers: 11
Percent Male 72.7273%
Percent Female 27.2727%
Percent Non-Binary 0.0000%
Percent of gender not disclosed 0.0000%
Percent under 30 years of age 0.0000%
Percent between 30 and 50 years of age 100.0000%
Percent over 50 years of age 0.0000%
Percent of minority or vulnerable group individuals in the "Senior Management Employee" category 0.0000%
Salaried (excluding Senior Management):
Total Salaried (excluding Senior Management) 14
Percent Male 71.4286%
Percent Female 28.5714%
Percent Non-Binary 0.0000%
Percent Gender not disclosed 0.0000%
Percent under 30 years of age 0.0000%
Percent between 30 and 50 years of age 78.5714%
Percent over 50 years of age 21.4286%
Percent of minority or vulnerable group individuals in the "Salaried Employee" category 0.0000%
Technical Employees (skilled hourly):
Total Technical Employees 65
Percent Male 64.6154%
Percent Female 35.3846%
Percent Non-Binary 0.0000%
Percent Gender not disclosed 0.0000%
Percent under 30 years of age 24.6154%
Percent between 30 and 50 years of age 70.7692%
Percent over 50 years of age 4.6154%
Percent of minority or vulnerable group individuals in the "Technical employee" category 0.0000%
Production Employees (unskilled hourly):
Total Production Employees 106
Percent Male 64.1509%
Percent Female 35.8491%
Percent Non-Binary 0.0000%
Percent Gender not disclosed 0.0000%
Percent under 30 years of age 66.9811%
Percent between 30 and 50 years of age 28.3019%
Percent over 50 years of age 4.7170%
Percent of minority or vulnerable group individual in the "Production employee" category 15.0943%
Diversity of Workers Who Are Not Employees
Workers who are not employees
 495
Number of Males 430
Number of Females 65
Number of Non-Binary 0
Number of Gender not disclosed 0
Labour Relations
Collective Bargaining Agreements
Percentage of total direct employees covered by collective bargaining agreements (%) 0.0000%
For direct employees not covered by collective bargaining agreements, report whether the organization determines their working conditions and terms of employment based on collective bargaining agreements that cover its other employees or based on collective bargaining agreements from other organizations For direct employees not covered by collective bargaining agreements, Collective Mining determines their working conditions and terms of employment in accordance with Colombian national labor legislation and the company's internal policies.
Notice Periods
Minimum number of weeks’ notice typically provided to direct employees in the active workforce and their representatives prior to the implementation of significant operational changes that could substantially affect them 1
If your organization is subject to collective bargaining agreements, is the notice period and provisions for consultation and negotiation specified in those agreements Not applicable
Occupational Health and Safety
Work-related Injuries
Injuries - direct employees:
Number of fatalities as a result of work-related injury 0
Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked 0.000
Number of high-consequence work-related injuries (excluding fatalities) 0
Rate of high-consequence work-related injuries (excluding fatalities) 0.000
Number of recordable work-related injuries 0
Total recordable work-related injuries rate 0.000
Main types of work-related injury, e.g., confined space, trips, falls, etc. Does not apply
Number of hours worked 421,951
Total recordable incidents for work-related injuries and illnesses 0
Lost Time Injuries (LTIs) 0
Lost Time Injury Rate (LTIR) 0.000
Total recordable incident rate (TRIR) for work-related injuries and illnesses - direct employees 0.000
Number of recordable work-related injuries and illnesses - direct employees 0
Number of hours worked by all direct employees in the reporting period 421,951.000
Fatality rate for work-related fatalities - direct employees 0.000
Number of fatalities - direct employees 0
Near miss frequency rate (NMFR) for work-related near misses - direct employees 5.688
Number of near misses - direct employees 12
Injuries - workers who are not employees, but whose work and/or workplace is controlled by the organization:
Number of fatalities as a result of work-related injury 0
Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked 0.000
Number of high-consequence work-related injuries (excluding fatalities) 1
Rate of high-consequence work-related injuries (excluding fatalities) 0.269
Number of recordable work-related injuries 1
Total recordable work-related injuries rate 0.269
Main types of work-related injury, e.g., confined space, trips, falls, etc. The most common injuries have been caused by the drilling machines used in mining exploration
Number of hours worked 742,502
Total number of work-related injuries for workers who are not employees (total recordable incidents for work-related injuries and illnesses) 2
Lost Time Injuries (LTIs) 1
Lost Time Injury Rate (LTIR) 0.269
Total recordable incident rate (TRIR) for work-related injuries and illnesses - workers who are not employees 0.269
Number of recordable work-related injuries and illnesses - workers who are not employees 1
Number of hours worked by all workers who are not-employees in the reporting period 742,502.000
Fatality rate for work-related fatalities - workers who are not employees 0.000
Number of fatalities - workers who are not employees 0
Near miss frequency rate (NMFR) for work-related near misses - workers who are not employees 0.000
Number of near misses - workers who are not employees 0
Combined (Employees and non-employees, but controlled by the organization):
Total Hours Worked 1,164,453
Total number of all recordable work-related injuries 1
Total recordable work-related injuries rate 0.172
Total Lost Time Injuries (LTIs) 1
Lost Time Injury Rate (LTIR) 0.172
Total recordable incident rate (TRIR) for work-related injuries and illnesses - Combined (Employees and non-employees, but controlled by the organization) 0.000
Total number of recordable incidents for work-related injuries and illnesses - Combined (Employees and non-employees, but controlled by the organization) 1
Total Hours Worked - Combined (Employees and non-employees, but controlled by the organization) 1,164,453.000
Fatality rate for work-related fatalities - Combined (Employees and non-employees, but controlled by the organization) 0.000
Number of fatalities - Combined (Employees and non-employees, but controlled by the organization) 0
Near miss frequency rate (NMFR) for work-related near misses  - Combined (Employees and non-employees, but controlled by the organization) 2.061
Number of near misses  - Combined (Employees and non-employees, but controlled by the organization) 12
What is the process for classifying, identifying and reporting near misses At Collective Mining, near-misses are categorized as “Incidents Without Injury,” defined as unwanted events that could have resulted in injury, damage, or loss, but ultimately did not result in harm to the worker’s health or significant property damage.
Report the work-related hazards that pose a risk of high-consequence injury, including: Based on an analysis of Collective Mining’s Hazard Identification, Evaluation, and Risk Assessment Matrix (IPEVR – GTC 45), the following have been identified as high-consequence priority hazards: working in confined spaces, operating vehicles, and mechanical risks associated with the use of tools and equipment.
How have these hazards been determined The GTC 45 methodology, a Colombian technical standard, is employed for identifying occupational health and safety hazards.

This methodology enables the determination of associated risks through the documentation of activities.
Which of these hazards have caused or contributed to high-consequence injuries during the reporting period During the reporting period, an analysis of the incidents that occurred at Collective Mining shows that the hazard associated with mechanical risk was the primary cause of and contributed to a serious injury.

Hazard type: Mechanical
Severity: Serious injury / high-consequence.
Worker type: Contractor.
Actions taken or underway to eliminate these hazards and minimize risks using the hierarchy of controls Collective systematically applies the hierarchy of controls, prioritizing elimination, substitution, and engineering controls, supplemented by administrative controls and the proper use of PPE.

The following activities were implemented:

1. Safe work procedures.
2. Personal protective equipment.
3. Specific training on identified risks.
Report on actions taken or underway to eliminate other work-related hazards and minimize risks using the hierarchy of controls 1. Implementation of safe work procedures.
2. Use of personal protective equipment.
3. Area marking and signage.
4. Specific training on identified risks.
5. Specific training for the identified risk profile at entry.
Have rates been calculated based on 200,000 or 1,000,000 hours worked 200,000 hours worked
Were any workers excluded from this disclosure No
Disclose any contextual information necessary to understand how the data has been compiled, i.e., any standards, methodologies, and assumptions used The identification and analysis of hazards were conducted in accordance with the following standards and guidelines:

1.Guidelines for Hazard Identification and Risk Assessment – GTC 45 (Colombia)
2. Decree 1072 of 2015, Occupational Safety and Health Management System
3. Resolution 0312 of 2019, Minimum Standards for the OSHMS
4. Risk management principles established in ISO 45001:2018
Safety Training
Describe any occupational health and safety training provided to workers, including generic training, as well as training on specific work-related hazards, hazardous activities, or hazardous situations The occupational health and safety training programs for workers focused on both general and specific risks, based on the hazards identified in the IPEVR matrix, prioritizing critical risks and hazardous activities, with the aim of strengthening risk prevention and control within the Occupational Health and Safety Management System (SG-SST).
Average number of training hours per person on health, safety, and emergency response provided to: full-time/direct employees 7.15
Average training hours per person on health, safety, and emergency response for workers who are not employees (contractors) 58.97
Conflict-affected and high-risk areas
Adherence to Laws and Due Diligence
Describe the approach to ensuring adherence to international humanitarian law when operating in conflict-affected and high-risk areas Collective Mining does not operate in conflict-affected areas according to the latest data from the Uppsala Conflict Data Program, and the company does not utilize access routes to project sites that pass through conflict zones. Accordingly, the organization's approach to adherence to international humanitarian law in conflict-affected and high-risk areas is not applicable to its current operations.
List the locations of operations in conflict-affected or high-risk areas Does not apply
How were these identified Does not apply
Describe the due diligence process applied for operations in, or when sourcing from, conflict-affected and high-risk areas and Does not apply
Did the due diligence process align with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas No
Report the potential negative impacts on workers and local communities, including actions to prevent or mitigate the impacts Does not apply
Security, Human Rights and Rights of Indigenous People
Describe the nature of any social risks, for all operating countries, that could have a material impact on the operations Collective Mining's primary social risks are centered on community engagement and artisanal mining management in Colombia.

The company maintains due diligence practices aligned with Colombian environmental regulations and international standards to respect indigenous rights and human rights. Collective Mining does not operate in conflict-affected or high-risk areas as defined by the Uppsala Conflict Data Program, mitigating conflict-related operational disruptions.
Percentage of proven reserves that are located in or near areas of active conflict Does Not Apply
The total amount of proven reserves 0.000
Grade of proven reserves located in or near areas of active conflict  - Metals
Copper (Cu) (% per tonne) 0.000
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Percentage of probable reserves that are located in or near areas of active conflict Does Not Apply
The total amount of probable reserves 0.000
Grade of probable reserves locate in or near areas of active conflict - Metals
Copper (Cu) (% per tonne) 0.000
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Percentage of proven reserves that are located in or near areas that are considered to be indigenous peoples’ land Does Not Apply
Amount of proven reserves located in or near areas that are considered to be indigenous peoples’ land 0.000
The total amount of proven reserves
 0.000
Grade of proven reserves locate in or near areas that are considered to be indigenous peoples' land - Metals
Copper (Cu) (% per tonne) 0.000
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Percentage of probable reserves that are located in or near areas that are considered to be indigenous peoples’ land Does Not Apply
Amount of probable reserves located in or near areas that are considered to be indigenous peoples’ land 0.000
The total amount of probable reserves
 0.000
Grade of probable reserves located in or near areas that are considered to be indigenous peoples' land - Metals
Copper (Cu) (% per tonne) 0.000
Gold (Au) (grams per tonne) 0.000
Silver (Ag) (grams per tonne) 0.000
Discuss the practices and procedures while operating in areas of conflict, describing the approach according to the Five-Step Framework outlined in the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas Collective Mining does not operate in an area of conflict or high risk within Colombia, according to the latest data from the Uppsala Conflict Data Program.
Rights of Indigenous Peoples
Describe the approach to identifying Indigenous Peoples who are or could be affected by the organization’s activities The organization takes a preventive and due diligence approach to identifying Indigenous Peoples who are or may be affected by its activities; however, given the current stage of the project, there is currently no legal or operational requirement to carry out formal identification, characterization, or consultation processes.

Consequently, these actions are planned for later stages of the project, when the scope, location, and potential impacts are clearly defined. For now, and in accordance with the current legal framework and organizational structure, the approach remains in the planning phase, ensuring that, should the project advance to new stages, the corresponding procedures will be implemented in a timely manner and in accordance with applicable regulations.
Describe the approach to engaging with Indigenous Peoples Does not apply
How does the organization seek to ensure meaningful engagement Does not apply
How does the organization support safe and equitable gender participation Does not apply
Describe the policies or commitments, and actions taken to respect Indigenous Peoples’ cultural heritage Does not apply
Describe the community development programs in place that are intended to enhance positive impacts for Indigenous Peoples Does not apply
Has the organization been involved in a process of seeking free, prior, and informed consent (FPIC) from Indigenous Peoples for any of its activities No
Incidents of Violations of Rights of Indigenous Peoples
Describe the identified incidents of violations involving the rights of Indigenous Peoples Does not apply
Human Rights Assessment
Operations Subject to Reviews and Assessments
Total number of operations that have been subject to human rights reviews or human rights impact assessments 0
Total percentage of operations that have been subject to human rights reviews or human rights impact assessments Does Not Apply
Local Communities
Operations with Local Community
Describe the approach to identifying stakeholders, including vulnerable groups, within local communities Collective Mining identifies stakeholders within local communities through a systematic approach grounded in understanding territorial dynamics and institutional structures at regional and national levels. The identification process analyzes key variables including perceived project impacts, stakeholder stance toward operations, expectations, and the organization's capacity to manage identified factors.

This analysis informs the development of differentiated engagement plans tailored to specific stakeholder groups.
Describe the approach to engaging with local communities at each phase of the life of the mine Collective Mining's engagement with local communities is grounded in continuous and systematic dialogue tailored to the project lifecycle. During the exploration and appraisal phase, the company establishes foundational relationships through proactive engagement, stakeholder dialogue and agreement, and joint evaluation processes.

Community engagement is supported by formal and informal dialogue spaces where agreements are established to coordinate programs aimed at improving regional development
How does the organization seek to ensure meaningful engagement During exploration activities, the company prioritizes continuous and systematic engagement with employees, communities, and local authorities to support project viability and manage expectations regarding potential impacts. Engagement is guided by comprehensive stakeholder identification based on territorial analysis, perceived impacts, institutional dynamics, and stakeholder expectations.

The company establishes formal and informal dialogue spaces to build trust through transparent communication, cultivate partnerships for community development, and pursue mutually beneficial outcomes in decision-making. Strategic alliances are forged with regional communities, local government, and the private sector to define and manage social and environmental impacts promptly, with particular attention to vulnerable groups and the rights of ethnic minorities in alignment with the United Nations Universal Declaration of Human Rights and the Voluntary Principles on Security and Human Rights.
How does the organization support safe and equitable gender participation The organization prioritizes women's inclusion in community engagement processes and decision-making forums, with dedicated capacity-building programs that have empowered women with new skills and supported the creation of new ventures. Gender considerations are embedded in stakeholder identification processes, which specifically account for vulnerable groups including women, ensuring their meaningful participation in dialogue spaces and formal agreements established at the community level
Describe the approach to developing and implementing community development programs, including how engagement with local stakeholders, impact assessments, and community needs assessments have informed the programs Community engagement strategies emphasize proactive dialogue, formal and informal consultation spaces, and joint evaluations that support locally-driven initiatives. The company coordinates capacity-building activities based on identified risks and partners with public and private entities to design of targeted programs across four strategic areas: water and territory, agricultural diversity, community infrastructure, and education and competitiveness.

The implementation of these programs is governed by formal agreements among the stakeholders to ensure that development initiatives align with community priorities and contribute to sustainable regional development.
Community Relations
Artisanal and Small-Scale Mining (ASM)
Describe the approach to engaging with ASM operators, and the actions taken by the organization to support ASM formalization and professionalization efforts Collective Mining is engaging with external stakeholders and the Ministry of Mines and Energy to establish collaborative agreements facilitating the coexistence of industrial mining and artisanal and small-scale mining. The Company has commenced collaboration with artisanal and small-scale miners to formalize this agreement to manage potential conflicts and ensure responsible operational practices at sites where artisanal and small-scale mining occurs adjacent to the Company's operations.

The Company has commenced collaboration with artisanal and small-scale miners to formalize this agreement.
Describe the programs in place to enhance positive impacts or mitigate negative impacts involving ASM Since 2022, Collective Mining has been working in coordination with regional and national institutions and authorities to formalize artisanal miners, with the aim of legalizing their activities, improving safety conditions, ensuring environmental compliance and developing technical capabilities for their production units. In 2025, two mining formalization subcontracts were signed.
How do the programs incorporate gender considerations In the artisanal mining zone, there are no identified groups of women in the value chain or production units.
How engagement with local authorities and communities has informed the programs Collective Mining maintains an ongoing relationship with national, regional, and local institutions, creating spaces for dialogue aimed at regulating mining activity and improving safety conditions.
If sourcing from artisanal and small-scale mining, describe the policies in place and the process used to identify and assess actual and potential negative impacts Collective Mining does not source materials from artisanal and small-scale mining operations.
List the mine sites where ASM occurs on or in close proximity to the site Collective Mining has identified an operational site where artisanal and small-scale mining is carried out adjacent to the Guayabales Project.
Report the total number and nature of incidents involving ASM and actions taken to address them The company worked collaboratively with the Ministry of Mines and Energy and artisanal miners, signing two formalization subcontracts. No accidents related to the mining formalization process were reported. However, programs to strengthen safe working conditions were implemented throughout all artisanal mining areas.
Number of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site (not controlled by company/unauthorized) 1
Collective Mining holds a total of 19,405 hectares in its mining titles and applications. As part of the ongoing mining formalization process with traditional miners and national and regional authorities, a preliminary operating area of 33.6 hectares has been designated for small-scale mining, representing just 0.17% of the Company's total area.
Report the associated risks and the actions taken to manage and mitigate these risks The main safety risks associated with artisanal mining operations and the coexistence of mining exploration activities and the formalization program have been identified.

The implementation of capacity-building activities is carried out based on identified risks and in coordination with programs offered by public and private entities. At the community level, agreements are established through formal and informal dialogue spaces to support programs aimed at improving the technical performance of local business units.
Programs
Report on community relations programs, objectives and achievements in the past 3 years Our projects focus on key social investment areas:

1. Water and Territory: Enhancing basic sanitation and community involvement in water resource care.
2. Diversity and Field: Strengthening and diversifying agricultural activities.
3. Community Infrastructure: Developing public infrastructure for rural development.
4. Education and Competitiveness: Providing holistic training and fostering multi-stakeholder dialogues for territory planning involving community and public/private institutions.

As a result, social investment had a positive impact on approximately 1,745 families, benefiting 18,880 people and strengthening the capacities of 237 community leaders, thereby contributing to improved quality of life, access to basic services, the development of productive capacities, and organizational and community strengthening in the areas of influence.
Total amount spent on Community Investment Initiatives: Social Management Investment: USD $1.449.589
Direct Investment by Collective Mining: 57.5%
Investment from Strategic Partners: 42.5%
Risks and Opportunities
Disclose the total number of site shutdowns or project delays due to non-technical factors 0
Disclose the total aggregate duration (in days) of site shutdowns or project delays due to non-technical factors 0
Discuss specific delays including associated costs, root cause and corrective actions for resolved delay, and status of ongoing delays Does not apply
Economic Impacts
Local Hiring
Percentage of workers hired from the local communities (per site) 81.1224%
Total local community workers 159
Local community workers - male 100
Local community workers - female 59
Local community workers - non-binary 0
Local community workers - gender not disclosed 0
Total site workers 196
Governance
Delegation of responsibility for managing impacts
Has the highest governance body appointed any senior executives with responsibility for the management of organization’s impacts on the economy, environment and people (e.g., is it part of the Governance structure of the company, CEO's role, CFO's role, Sustainability Executive, etc.) Yes
Has the highest governance body delegated responsibility for the management of impacts to other employees Yes
Describe the process for senior executives or other employees to report back to the highest governance body on the management of the organization’s impacts on the economy, environment and people, including sustainability-related risks and opportunities At the executive level, the CEO is accountable for the company's sustainability initiatives and performance, providing progress reports to the Board annually. The CEO delegates the strategy implementation to the President of Collective Mining.
Frequency for senior executives or other employees to report back to the highest governance body on the management of the organization’s impacts Annually
Policy commitments
Provide a description of the organization’s policy commitments for responsible business conduct Collective Mining has implemented corporate policies to uphold ethical standards, transparency, and best practices, including:

1. Anti-Bribery and Anti-Corruption Policy
2. Anti-Hedging Policy
3. Articles of Incorporation
4. By-Laws
5. Code of Business Conduct & Ethics
6. Corporate Disclosure and Insider Trading Policy
7. Diversity Policy
8. Execute Compensation Clawback Policy
9. Health, Safety and Security Policy
10. Majority Voting Policy
11. NYSE American Corporate Governance
12. Sustainability Policy
Anti-Bribery and Anti-Corruption P

Code of Business Conduct & Ethics

Health, Safety and Security Policy

Diversity Policy

NYSE American Corporate Governance

Sustainability Policy
What are (if any) the authoritative intergovernmental instruments that the commitments reference The anti-bribery and anti-corruption policy ensures that the Company and its stakeholders conduct business in accordance with applicable laws, including the Criminal Code and Corruption of Foreign Public Officials Act (Canada). Compliance with this policy supplements existing anti-bribery legislation without limiting obligations under such laws.
Do the commitments stipulate conducting due diligence No
Do the commitments stipulate applying the Precautionary Principle or Approach (see instructions). Yes
Do the commitments stipulate respecting human rights Yes
Describe the specific policy commitment to respect human rights The sustainability policy states:

- Respect the rights and freedom of our stakeholders without discrimination, paying special attention to the rights of the most vulnerable (i.e. children and elderly)
- Respect the right to a healthy environment, access and quality of water within our activities.
- Respect free and informed prior consultation mechanisms as a means of participation of ethnic groups, when appropriate.
- Respect the rights of communities regarding land and traditional mining.
- Promote a Culture of Human Rights as a part as our Company’s standard of operation.
- Know, respect and preserve diversity, cultural heritage and local tradition and recognize the individual and collective rights of ethnic minorities.
What are (if any) the internationally recognized human rights that the commitment covers The policy defines the commitment established in the United Nations Universal Declaration of Human Rights and in the Voluntary Principles
on Security and Human Rights.
What are the categories of stakeholders, including at-risk or vulnerable groups, that the organization gives particular attention to in the commitment The policy aligns with the commitments outlined in the United Nations Universal Declaration of Human Rights and the Voluntary Principles on Security and Human Rights.
Are the policy commitments publicly available Yes
Provide links to the policy commitments, if publicly available, or, if the policy commitments are not publicly available, explain the reason for this Collective Mining has implemented the following policies to promote and integrate responsible business practices throughout all its operations.
Corporate Governance
Report the level at which each policy commitment was approved within the organization, including whether this is the most senior level All organization policies and commitments are approved by the Board of Directors.
Were the policy commitments approved at the most senior level within the organization Yes
To what extent the policy commitments apply to the organization’s activities and to its business relationships The Company demands strict adherence to policies from all employees, executives, and Board members always. This requirement extends to indirect employees, contractors, and consultants.
Describe how the policy commitments are communicated to employees, business partners, and other relevant parties Policies are meticulously crafted and shared with stakeholders at the relevant levels, articulating their significance and outlining expectations for compliance.

Our Ethics Hotline stands ready to receive concerns from all stakeholders. In Colombia, policies are actively circulated across work fronts and conveniently accessible on the intranet for employees to utilize for guidance and compliance.
Embedding policy commitments
Describe how the organization embeds each of its policy commitments for responsible business conduct throughout its activities and business relationships
The Code of Ethics and Business Conduct serves as a guiding principle for all employees, including direct and indirect staff, contractors, the Board of Directors, and executives.

All corporate policies are contractually linked with both direct and indirect employees, reaffirmed, and shared through internal work regulations. Policies are meticulously crafted and articulated at relevant stakeholder levels, outlining expectations for compliance and are integrated into strategic planning discussions within management committees and primary work committees across various company divisions.
How are responsibilities allocated in order to implement the commitments across different levels within the organization The Board leads and oversees the CEO, who in turn guides the President, VPs and managers. The VP of Sustainability conducts training sessions to enhance commitments and fine tune action plans.
How are the commitments integrated into organizational strategies, operational policies, and operational procedures All corporate policies are contractually linked with both direct and indirect employees of the company, reaffirmed, and shared through internal work regulations. Moreover, they are integrated into strategic planning discussions within management committees and primary work committees across various company divisions.
How does the organization implement its commitments with and through its business relationships The Code of Ethics and Business Conduct is a guiding principle for all employees, including direct and indirect staff, contractors, the Board of Directors, and executives.
What implementation training does the organization provide Employee onboarding is conducted upon entry to the company or at the start of a contract, with periodic re-induction for both direct and indirect employees.
Governance structure and composition
Describe the governance structure, including committees of the highest governance body (e.g. the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc.) Collective Mining's Board of Directors comprises five members, of which one is an executive member and four are independent directors. The Board oversees and supervises the Company's management through two principal committees: the Audit Committee and the Corporate Governance, Nominating, and Compensation Committee, which is tasked with overseeing the organization's impacts on the environment, economy, and people.
Identify and list the committees of the highest governance body that are responsible for decision making and overseeing the management of the organization’s impacts on the economy, environment and people including the oversight of sustainability-related risks and opportunities (e.g. Board level Environment Committee, Safety Committee, ESG Committee, Advisory Committee, etc.) The Corporate Governance, Nominating, and Compensation Committee of the Board is tasked with overseeing the organization's impacts on the environment, economy, and people, including sustainability-related risks and opportunities. The Board of Directors retains ultimate responsibility for all delegated matters and conducts oversight procedures directly or through this committee. For further details, please refer to the Corporate Governance, Nominating and Compensation Committee Charter.
Describe the composition of the highest governance body and its committees by:
Number of  executive members (non-independent)
 1
Number of non-executive members (non-independent) 0
Number of independent members 4
The total number of governance body members 5
Percentage of independent board members 80.0000%
Less than 3 years of tenure of members on the governance body 4
3-6 years of tenure of members on the governance body 1
6-9 years of tenure of members on the governance body 0
More than 10 years of tenure of members on the governance body 0
Number of other significant positions and commitments held by each member, and the nature of the commitments For further details regarding other important roles and responsibilities held by members of the Collective Mining's Board, please consult the following link.
Board of Directors Mandate
Number of Male governance body members 3
Number of Female governance body members 2
Number of Non-Binary governance body members 0
Number of Gender not disclosed governance body members 0
Number of members from under-represented social groups 0
Description of competencies relating to economic, environmental, and social topics For a description of the Board's competencies relating to economic, environmental, and social topics, please refer to the link below.
Board of Directors Mandate
Description of stakeholder representation, including employees and other workers Does not apply.
Highest Governance Body
Describe the nomination and selection processes for the highest governance body and its committees
 The Committee shall be appointed by the Board annually and shall be comprised of a minimum of three directors. If an appointment of the members of the Committee is not made as prescribed, the members shall continue as such until their successors are appointed.

A majority of the members of the Committee shall be directors whom the Board has determined are independent, taking into account the applicable rules and regulations of securities regulatory authorities and/or stock exchanges.

For further details, please refer to our Corporate Governance, Nominating and Compensation Committee charter linked below.
Corporate Governance, Nominating and Compensation Committee Charter
Does the organization have a diversity policy, gender equality or gender equity plan and if so, provide details, link to the policy or attach the file Collective Mining is dedicated to fostering a supportive and inclusive culture throughout all levels of the company, advocating for diversity and eradicating discrimination in the workplace. Kindly access the link to review our Diversity Policy.
Diversity And Inclusion Policy
Report the criteria used for nominating and selecting highest governance body members
 The nomination and selection of Board members follows a structured process overseen by the Corporate Governance, Nominating and Compensation Committee. A majority of Committee members must be independent directors as determined by the Board in accordance with applicable securities regulatory requirements.

The Committee is guided by established criteria and governance standards in evaluating candidates to ensure the Board maintains the competencies, independence, and diversity necessary to effectively oversee the organization's strategic and operational objectives.
Are views of stakeholders (including shareholders) taken into consideration for nominating and selecting highest governance body members Yes
Is diversity taken into consideration for nominating and selecting highest governance body members Yes
Is independence taken into consideration for nominating and selecting highest governance body members Yes
Discuss whether and how competencies relevant to the impacts of the organization are considered The Committee evaluates candidates against established criteria and governance standards designed to ensure the Board maintains competencies necessary to effectively oversee the organization's strategic and operational objectives, including those related to economic, environmental, and social impacts. The nomination process incorporates consideration of diversity, independence, and stakeholder views, including shareholder input, to build a governance body equipped to address the full range of the organization's responsibilities.
Chair of the highest governance body
Is the chair of the highest governance body also a senior executive in the organization (non-independent) Yes
If the chair is also a senior executive, explain their function within the organization’s management, the reasons for this arrangement, and how conflicts of interest are prevented and mitigated The Chair of the Board serves as Executive Chairman and holds executive responsibilities within the organization's management structure. This arrangement allows for integrated leadership that combines board governance oversight with executive operational direction.

To prevent and mitigate conflicts of interest, the organization has established clear accountability mechanisms through its Code of Business Conduct and Ethics, which requires all directors including the Chair to avoid conflicts of interest with the company and maintain transparency about personal interests.

The Corporate Governance, Nominating, and Compensation Committee, comprised of a majority of independent directors, provides oversight of governance matters and reviews conflicts of interest disclosures.
Conflicts of Interest
Describe the processes for the highest governance body to ensure that conflicts of interest are prevented and mitigated The outlined accountabilities are designed to guide individual directors in fulfilling their roles on the Board effectively, ensuring that the Board fulfills its duties. Key responsibilities include avoiding conflicts of interest with the company and maintaining transparency about personal interests, and conducting all professional interactions with integrity and ethical behavior.

For further details, please refer to our Code of Business Conduct linked below.
Code of Business Conduct & Ethics
Are conflicts of interest disclosed to stakeholders Yes
Are there conflicts of interest related to: cross-board membership No
Are there conflicts of interest related to: cross-shareholding with suppliers and other stakeholders No
Are there conflicts of interest related to: existence of controlling shareholder No
Are there conflicts of interest related to: related parties, their relationships, transactions, and outstanding balances No
Collective knowledge of highest governance body
Report measures taken to advance the collective knowledge, skills and experience of the highest governance body on sustainable development. (e.g. board training) As of now, no formal board training has been conducted; nonetheless, board members possess significant experience in mining, including sustainability matters.
Evaluation of Highest Governance Body
Describe actions taken in response to the evaluations, including changes to the composition of the highest governance body and organizational practices No formal transparency evaluations have been conducted to date.
Transparency
Describe the role of the highest governance body and of senior executives in developing, approving and updating the organization’s purpose, value or mission statements, strategies, policies and goals related to sustainable development The Board's responsibilities include:

(i) approving and overseeing compliance with all major policies and procedures under which the Company operates.
(ii) endorsing policies and procedures to guarantee that the Company adheres to applicable laws, regulations, as well as ethical and moral standards.
(iii) establishing structures and procedures to maintain the Board's independence from Management.
(iv) ensuring directors uphold confidentiality regarding the Company's proprietary information and Board discussions.
(v) fulfilling additional duties as required by law or stipulated in the Company's governing documents.
Describe the role of the highest governance body in overseeing the organization’s due diligence and other processes to identify and manage the organization’s impacts on the economy, environment and people The Board holds the oversight responsibility for assessing the systems and managing the key risks of the Company's business. It ensures the presence of suitable systems to handle these risks, encompassing insurance coverage, handling significant litigation, and evaluating the efficacy of internal controls.

Additionally, the Board will supervise issues concerning health, safety, and the environment, along with ensuring compliance with relevant laws and regulations within these domains.
Does the highest governance body engage with stakeholders to support due diligence and other processes Yes
Describe how the highest governance body engages with stakeholders to support these processes In addition to maintaining communication with the CEO to address these matters, the Board's Corporate Governance and Nominating Committee (CGNC) serves as the final and exclusive recipient of the corporate ethics hotline.

They also annually review the Company's policies and other guidelines. Additionally, there is an ethics hotline in place.
Audit Committe Charter
Describe how the highest governance body considers the outcomes of these processes Upon receiving a Complaint, the Audit Committee Chair will address reported matters, take corrective action as needed, and determine if an investigation is warranted.

The Committee may seek assistance from internal resources or engage external experts for the investigation. If impropriety is alleged against the Audit Committee or its members, the CEO will investigate and report findings to the Board.
Ethics
Ethics and Integrity
Describe how individuals can seek advice on implementing the organization’s policies and practices for responsible business conduct All company employees, whether direct or contracted, undergo an induction process on corporate policies and responsible business conduct practices. This information is available for open consultation by all personnel, and they may also contact the human resources or legal department for guidance on the implementation of these policies.
Describe the mechanisms for individuals to raise concerns about the organization’s business conduct The Company has several mechanisms in place, including in-person guidance through the human resources or legal offices, a telephone line, or an email address for official notifications.

Additionally, individuals may use the dedicated whistleblower hotline or the email address provided by DSA Corporate Services to report irregularities.
Compliance with laws and regulations
Report the total number of significant instances of non-compliance with laws and regulations that occurred during the reporting period and a breakdown of this total by 0
Number of instances for which fines were incurred 0
Number of instances for which non-monetary sanctions were incurred 0
Report the total number of fines for instances of non-compliance with laws and regulations that were paid during the reporting period 0
Report the monetary value of fines for instances of noncompliance with laws and regulations that were paid during the reporting period (currency, Thousands) 0
Total number of fines paid for instances of non-compliance with laws and regulations that occurred in the current reporting period 0
Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in the current reporting period (currency, Thousands) 0
Total number of fines paid for instances of non-compliance with laws and regulations that occurred in previous reporting periods 0
Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in previous reporting periods (currency, Thousands) 0
Describe the significant instances of non-compliance There were no instances of significant non-compliance during the reporting period.
Describe how significant instances of non-compliance were determined There were no instances of significant non-compliance during the reporting period.
Describe the management system and due diligence procedures for assessing and managing corruption and bribery risks internally and associated with business partners in its value chain The Audit Committee is responsible for establishing procedures for confidential and anonymous submission of concerns related to accounting, internal controls, auditing, corporate misconduct, and violations of the Company's ethical standards and policies.

This whistleblower policy aims to promote ethical behavior among all employees and outlines the process for reporting violations or misconduct, including fraud and abuse, either directly or nonymously.

The policy also includes mechanisms for responding to and documenting such complaints.
Anti-Bribery and Anti-Corruption Policy
If applicable, discuss operations that are located in countries with low rankings in the index but present low business ethics risks; the entity may provide similar discussion for operations located in countries that do not have one of the 20 lowest rankings in the index but that present unique or high business ethics risks Does not apply.
Anti-Corruption
Corruption Risks to Operations
Describe how potential impacts of corruption or risks of corruption are managed in the organization’s procurement practices and throughout the supply chain The organization manages potential impacts and risks of corruption in its procurement practices and throughout the supply chain through a combination of preventive and monitoring measures. All suppliers and counterparties are subject to a thorough due diligence process, which includes reviewing publicly available information, checking relevant sanctions and watchlists, and verifying their legal and financial standing. Continuous monitoring and periodic audits are conducted to ensure compliance and to identify and mitigate any potential corruption risks.
Total number of operations assessed for corruption risks 2
Percentage of operations assessed for corruption risks 100.0000%
Has the company identified any significant corruption risks No
Confirmed Incidents and Response
Total number and nature of confirmed incidents of corruption 0
Total number of Bribery cases 0
Total number of Lobbying cases 0
Total number of Extortion cases 0
Total number of Cronyism cases 0
Total number of Nepotism cases 0
Total number of Parochialism cases 0
Total number of Patronage cases 0
Total number of Influence peddling cases 0
Total number of Graft cases 0
Total number of Embezzlement cases 0
Total number of confirmed incidents in which employees were dismissed or disciplined for corruption 0
Total number of contracts terminated or not renewed with business partners due to corruption related violations
 0
Number of public legal cases brought against the organization or its employees during the reporting period related to corruption and the outcomes of such cases 0
Provide details, if there were such public legal cases brought against the organization or its employees during the reporting period related to corruption and the outcomes of such cases Does not apply
Contracts and Owners Transparency
Are company's contracts and licenses made publicly available No
If contracts are public, where are they published Does not apply
If contracts or licenses are not publicly available, the reason for this and actions taken to make them public in the future The organization’s contractual relationships are private in nature, due to the sensitive and confidential nature of the information, as well as in compliance with applicable data protection regulations and commercial confidentiality requirements.

However, mining concession contracts and any agreements entered into with public entities are duly reported and disclosed through the official platforms designated by the State for this purpose, in accordance with applicable legal and transparency obligations.
Name, nationality, and country of residence of the organization’s beneficial owners, including joint ventures The company is incorporated in Canada with headquarters in Miami. Ultimate beneficial ownership and control are exercised through shareholding interests and the rights attached thereto, as well as through the duly appointed Board of Directors and executive management.
Are the beneficial owners politically exposed persons No
Level of ownership Collective Mining exercises ownership and control through shareholding interests and the rights conferred thereby, with management and oversight conducted by duly appointed governance bodies in accordance with applicable corporate governance frameworks.

Mining concession contracts and agreements with public entities are disclosed through official State platforms in compliance with transparency obligations, while private contractual relationships remain confidential due to their sensitive nature and applicable data protection regulations.
How is ownership or control exerted Ownership or control is exercised in accordance with applicable corporate governance frameworks, through shareholding interests and the rights attached thereto, as well as through duly appointed management and oversight bodies
Communication and Training
Total number of governance body members that the organization's anti-corruption policies and procedures have been communicated to 0
Total percentage of governance body members that have been communicated to on anti-corruption 0.0000%
Anti-corruption policies and procedures communication to direct employees by type:
Total number of the direct employees that have been communicated to on anti-corruption 196
Total percentage of the direct employees that have been communicated to on anti-corruption 100.0000%
Total number of senior management employees that have been communicated to on anti-corruption 11
Percentage of senior management employees that have been communicated to on anti-corruption 100.0000%
Total number of middle management employees that have been communicated to on anti-corruption 14
Percentage of middle management employees that have been communicated to on anti-corruption 100.0000%
Total number of technical employees that have been communicated to on anti-corruption 65
Percentage of technical employees that have been communicated to on anti-corruption 100.0000%
Total number of administrative employees that have been communicated to on anti-corruption 106
Percentage of administrative employees that have been communicated to on anti-corruption 100.0000%
Total number of governance body members that have received training on anti-corruption 0
Total percentage of governance body members that have received training on anti-corruption, broken down by region 0.0000%
Total number and percentage of direct employees that has received training on anti-corruption, broken down by employee category and region
Total number of direct employees that received training on anti-corruption 144
Total number of direct employees 196
Total percentage of direct employees that received training on anti-corruption 73.4694%
Total number of senior management employees who received training on anti-corruption 5
Percentage of senior management employees who received training on anti-corruption 45.4545%
Total number of middle management employees who received training on anti-corruption 10
Percentage of middle management employees who received training on anti-corruption 71.4286%
Total number of technical employees who received training on anti-corruption 53
Percentage of technical employees who received training on anti-corruption 81.5385%
Total number of production employees who received training on anti-corruption 76
Percentage of production employees who received training on anti-corruption 71.6981%
Security Practices
Policy and Procedure Training
Describe how the organization seeks to prevent or mitigate potential negative impacts from the use of public and private security providers The organization's Security Practices and Human Rights policy aligns with the Voluntary Principles on Security and Human Rights, which provide a framework for responsible security management  in accordance with the current stage of the project.
Has the organization implemented the Voluntary Principles on Security and Human Rights Yes
Risk Management
Describe the role of the highest governance body in reviewing the effectiveness of the organization’s processes to manage and identify impacts on economy, environment and people The Board holds oversight responsibility for assessing the systems and managing key risks of the company's business. It ensures suitable systems are in place to handle these risks, encompassing insurance coverage, management of significant litigation, and evaluation of internal control efficacy. Additionally, the Board supervises health, safety, and environmental issues along with ensuring compliance with relevant laws and regulations within these domains.
Frequency of review by the highest governance body in reviewing effectiveness of the organization’s processes Annually
Highest Review Position
 Is the highest governance body responsible for reviewing and approving the reported information, including the organization’s material topics No
Describe the process for reviewing and approving the reported information The organization's sustainability reporting process does not place review and approval responsibility with the highest governance body. Instead, reporting oversight is delegated to operational and executive levels, with the CEO serving as the primary authority for sustainability strategy and performance reporting to the Board.

The Vice President of Sustainability manages strategy implementation and related disclosures. This structure allows for specialized technical management of reporting while maintaining Board awareness of material sustainability topics through President progress reports.
If the highest governance body is not responsible for reviewing and approving the reported information, including the organization’s material topics, explain the reason for this Collective Mining has delegated sustainability reporting review and approval responsibilities to executive and operational levels rather than the highest governance body. The CEO holds primary authority for sustainability strategy and performance reporting to the Board, with the Corporate Governance, Nominating, and Compensation Committee providing oversight of organizational impacts on the economy, environment, and people.
Communication of critical concerns
Are critical concerns communicated to the highest governance body Yes
Describe how critical concerns are communicated to the highest governance body Critical concerns are communicated to the highest governance body through established reporting mechanisms. The Board's Corporate Governance and Nominating Committee serves as the final and exclusive recipient of the corporate ethics hotline, which enables confidential and anonymous submission of concerns related to accounting, internal controls, auditing, corporate misconduct, and violations of ethical standards and policies.

Upon receipt of complaints, the Audit Committee Chair addresses reported matters, determines if investigation is warranted, and may engage internal resources or external experts as needed. All personnel, including employees and contractors, have access to multiple reporting channels
Remuneration
Report which of the following remuneration policies apply to the highest governance body and senior executives and provide details:
Fixed pay Yes
Variable pay No
Performance-based pay No
Equity-based pay Yes
Bonuses Yes
Deferred and vested shares Yes
Sign-on bonuses No
Recruitment incentive payments No
Termination payments Yes
Clawbacks No
Retirement benefits, including the difference between benefit schemes and contribution rates for the highest governance body, senior executives and all other employees No
Describe how the remuneration policies for members of the highest governance body and senior executives relate to their objectives and performance in relation to the management of the organization’s impacts on the economy, environment and people The Nominating and Compensation Committee is responsible for the following:
(a) Review the Company’s employee attraction, retention, morale, and satisfaction efforts.
(b) Recommend policies for HR promotion, training, and incentives to the Board.
(d) Review and recommend the Company’s compensation strategy to align rewards with success and meet objectives.
(e) Review the organizational structure annually for alignment with strategic goals.
(k) Oversee awards under the Stock Option Plan and administer securities-based compensation.
(l) Recommend to the Board on securities-based compensation arrangements.
(m) Approve executive compensation disclosure for recommendation to the Board.
(n) Regularly report on compensation matters to the Board.
(o) Review and recommend management's strategy and budget for collective or union negotiations.
Do you provide incentives for the management of climate-related issues, including the attainment of targets Other, please specify
Not currently.
Stakeholder Engagement
Describe the organization’s approach to stakeholder engagement, including frequency of engagement by type Collective Mining’s stakeholder engagement approach is grounded in the company’s strategic commitments in the region and the planning of the mining project to align institutional efforts and resources toward shared goals.

A differentiated communication agenda is established for each stakeholder group. In the case of employees, communities, and local authorities, the level of engagement is continuous and systematic to support the viability of exploration activities and to appropriately manage expectations or perceived impacts.
Provide a list of stakeholder groups engaged by the organization
  • Permanent or Full-time Employees
  • Investors
  • Local communities
  • Local government bodies
  • National government bodies
  • Regulatory authorities
  • Suppliers and contractors
  • Consultants (professional services)
  • Financial Institution
Report the basis for identifying and selecting stakeholders with whom to engage The basis for identifying stakeholders begins with an understanding of the territory and the institutional dynamics at the regional and national levels. This is followed by an analysis of variables such as perceived impacts, stance toward the project, expectations, and the organization’s capacity to manage these factors in order to define engagement plans and ensure timely information sharing.
Report the purpose of the stakeholder engagement Stakeholder Engagement:

- Foster trust through transparent communication with stakeholders.
- Cultivate partnerships for positive community development.
- Pursue mutually benefi cial outcomes in decision-making for sustainable development.
- Uphold diversity, cultural heritage, and local traditions while respecting the rights of ethnic minorities.
- Encourage legal activities or alternative options for local mining involvement.
- Support local economic growth by prioritizing local sourcing.
- Uphold human rights per the UN Declaration and Voluntary Principles on Security and Human Rights.
Describe how the organization seeks to ensure meaningful engagement with stakeholders
Collective Mining ensures meaningful engagement with stakeholders through a differentiated communication agenda established for each stakeholder group. Engagement with employees, communities, and local authorities is continuous and systematic to support the viability of exploration activities and appropriately manage expectations or perceived impacts.
Tax
Describe the approach to stakeholder engagement and management of stakeholder concerns related to tax
The approach to engagement with tax authorities The organization complies with tax obligations by adhering to the annual schedules set by the authority.

Interaction with the tax authority occurs whenever there are requests or requirements from it.
The approach to public policy advocacy on tax In individual and specific relationships with stakeholders, the Company explicitly communicates the tax impacts of its operations and how this affects the said operation.

However, the Company does not have a public policy on this matter.
The processes for collecting and considering the views and concerns of stakeholders, including external stakeholders In individual and specific interactions with stakeholders, the Company is clear in communicating the tax implications of its operations and how these impact the mentioned operation.

However, the Company does not have a public policy concerning this matter.
This document was prepared using , Planet Earth's complete Risk reporting solution.