1Collective Mining exercised its option to acquire 100% ownership of a specified mining concession contract from ASOCIACIÓN DE MINEROS GUAYABALES.
2The total value of the mining concession contract was definitively determined to be USD 3,666,666, following an adjustment from a previously higher figure.
3The company has paid USD 2,166,666 to date, leaving a balance of USD 1,500,000 to be paid for the early exercise of the 100% option.
4Collective Mining has completed exploration investments totaling USD 27.9 million as of September 30, 2024, fulfilling its investment commitments for Phases 1 and 2 of the contract.
5The parties acknowledge that all contractual obligations have been satisfactorily fulfilled to date, with no outstanding breaches or claims.
6GUAYABALES retains the right to conduct exploitation activities on the concession until the assignment is formally registered with the mining authority.