SCHEDULE: Jupiter Funds Report 5.02% Stake in Collective Mining

Jupiter Asset Management Ltd and Jupiter Gold & Silver Fund report beneficial ownership of 5.02% of Collective Mining Ltd.'s common shares, filing a Schedule 13G after a monitoring oversight.

Summary

• Jupiter Asset Management Ltd and Jupiter Gold & Silver Fund have jointly reported beneficial ownership of 4,260,536 shares of Collective Mining Ltd. common stock.
• This holding represents 5.02% of the total outstanding common shares, based on 84,854,026 shares outstanding as of August 12, 2025.
• The filing is a Schedule 13G, indicating passive investment intent.
• The filing was submitted after the prescribed deadline due to an oversight where the monitoring system applied Canadian thresholds instead of U.S. thresholds, and a recent review triggered by changes in the issuer's corporate information.
• The reporting entities are reviewing their controls and monitoring processes to prevent recurrence of such delays.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the late submission, which raises questions about compliance processes, despite the passive investment stake itself being a standard disclosure.

Positives

• Jupiter Asset Management Ltd and Jupiter Gold & Silver Fund have disclosed a significant passive stake (5.02%) in Collective Mining Ltd., indicating confidence in the company's prospects.
• The reporting entities are taking steps to review and potentially enhance their internal controls to prevent future filing delays.

Negatives

• The filing was submitted after the deadline, which could raise concerns about the timeliness and robustness of the reporting entities' compliance processes.
• The reason for the delay, an oversight in applying reporting thresholds, suggests a potential weakness in their monitoring systems.

Risks

• Potential for increased scrutiny from regulatory bodies due to the late filing.
• The need for enhanced monitoring and compliance processes within Jupiter Asset Management Ltd. and Jupiter Gold & Silver Fund to ensure timely adherence to reporting requirements.

Future Outlook

The filing itself does not contain forward-looking statements or guidance from Collective Mining Ltd. It is a disclosure of beneficial ownership by Jupiter Asset Management Ltd and Jupiter Gold & Silver Fund.

Management Comments

• "This notification is being submitted after the prescribed deadline. 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."
• "The oversight was subsequently identified following a recent review triggered by changes to the issuer's corporate information, including its headquarters location."
• "We are currently reviewing our controls and monitoring processes to determine whether enhancements are required to prevent a recurrence."

Industry Context

StockSavvy.ai notes that the filing of a Schedule 13G by Jupiter Asset Management Ltd and Jupiter Gold & Silver Fund indicates a passive investment approach, common among institutional investors seeking exposure to resource companies like Collective Mining Ltd. The delay in filing, attributed to monitoring system oversight, highlights the complexities of cross-border regulatory compliance for global asset managers.

Stakeholder Impact

• Shareholders of Collective Mining Ltd.: The disclosure confirms a significant institutional investor's passive stake, which can be viewed positively for market confidence. However, the late filing by the investor may cause minor concern regarding the investor's internal processes.
• Jupiter Asset Management Ltd. and Jupiter Gold & Silver Fund stakeholders: The delay in filing necessitates a review of internal controls, potentially leading to improved compliance and risk management in the future.

Next Steps

• Jupiter Asset Management Ltd and Jupiter Gold & Silver Fund are reviewing their controls and monitoring processes.
• Enhancements to prevent recurrence of filing delays are being considered.

Key Dates

Keywords

Collective Mining Ltd., Jupiter Asset Management Ltd, Jupiter Gold & Silver Fund, Schedule 13G, Beneficial Ownership, SEC Filing, Passive Investment, Common Shares, Late Filing, Compliance Oversight