AI-generated analysis. Always verify with the original filing.
Collective Mining Ltd. filed its Form 40-F Annual Report for the fiscal year ended December 31, 2025, on March 31, 2026. As a Canadian foreign private issuer and emerging growth company, the filing serves as its annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934. The report incorporates by reference three principal documents: the Annual Information Form (AIF), Audited Consolidated Financial Statements for 2025 and 2024, and Management's Discussion and Analysis (MD&A). The company reported 92,537,998 common shares outstanding as of December 31, 2025, and its shares trade on the NYSE American LLC under the ticker CNL. Key disclosures include the company's status as an emerging growth company exempt from certain Sarbanes-Oxley Act requirements, including the attestation report on internal controls over financial reporting. The filing highlights differences between Canadian and U.S. reporting practices, particularly regarding mineral reserve and resource estimates under NI 43-101 versus SEC standards. Management concluded that disclosure controls and procedures were effective as of December 31, 2025, and reported no material changes in internal control over financial reporting during the period. The company maintains an audit committee with designated financial experts and complied with all required filings during the reporting period.