SCHEDULE: Jupiter Asset Management Discloses 6.04% Stake in Collective Mining

Jupiter Asset Management Ltd. and Jupiter Gold & Silver Fund have reported a beneficial ownership of 6.04% in Collective Mining Ltd., with a filing delay explanation.

Summary

• Jupiter Asset Management Ltd. and Jupiter Gold & Silver Fund collectively hold 5,579,494 shares of Collective Mining Ltd. common stock, representing 6.04% of the class.
• The filing was submitted after the prescribed deadline due to an oversight in applying US thresholds instead of Canadian thresholds for a security traded on a Canadian market.
• The reporting persons have shared voting power and shared power to dispose of these shares.
• The total number of outstanding shares of Collective Mining Ltd. common stock is reported as 92,246,749 as of November 13, 2025.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the late submission and the explanation provided, which points to potential control weaknesses, despite the positive aspect of a significant institutional stake.

Positives

• Jupiter Asset Management and Jupiter Gold & Silver Fund have established a significant stake (6.04%) in Collective Mining Ltd., indicating confidence in the company's prospects.
• The disclosure confirms a substantial holding, which could be seen as a positive signal to the market regarding institutional interest.

Negatives

• The filing was submitted late, which may raise concerns about internal controls and compliance processes.
• The explanation for the delay points to an oversight in monitoring reporting requirements, suggesting potential weaknesses in compliance systems.

Risks

• Potential for increased scrutiny from regulatory bodies due to the late filing.
• Risk of reputational damage for Jupiter Asset Management due to the compliance oversight.
• The company's reliance on a Canadian market for monitoring reporting requirements could be a systemic risk if not properly managed.

Future Outlook

No specific future outlook or guidance is provided in this Schedule 13G filing, as it is a disclosure of beneficial ownership.

Management Comments

• "We are currently reviewing our controls and monitoring processes to determine whether enhancements are required to prevent a recurrence."
• "Given the dual-nature of this security, and the fact that our position was traded on a Canadian market, our monitoring system applied the Canadian threshold to identify reporting requirements rather than apply the United States thresholds as well."

Industry Context

StockSavvy.ai notes that this filing indicates significant institutional interest in Collective Mining Ltd., a company likely operating within the natural resources or mining sector. The ownership stake by Jupiter Asset Management, a known investment firm, suggests a positive view on the company's potential, though the delay in filing highlights potential compliance challenges within the asset management industry when dealing with cross-border securities.

Stakeholder Impact

• Shareholders of Collective Mining Ltd. may view the significant stake held by Jupiter Asset Management as a positive indicator of institutional confidence.
• Regulators may review Jupiter Asset Management's compliance procedures due to the late filing.
• Employees and other stakeholders of Collective Mining Ltd. may be indirectly impacted by the increased institutional interest and potential for enhanced corporate governance oversight.

Next Steps

• Jupiter Asset Management is reviewing its controls and monitoring processes to prevent future recurrences of filing delays.

Key Dates

Keywords

Collective Mining Ltd., Jupiter Asset Management, Schedule 13G, Beneficial Ownership, SEC Filing, Shareholder, Investment Fund, Mining, Toronto, London