Helikon Investments Limited and Federico Riggio filed a Schedule 13G Amendment No. 3 with the SEC on November 2, 2026, disclosing beneficial ownership of common shares of Collective Mining Ltd. as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Both reporting persons each report 9,807,141 common shares of Collective Mining Ltd. beneficially owned.
  • Percent of class: The 9,807,141 shares represent 10.55% of the class, calculated on a base of 92,942,707 shares outstanding.
  • Shared voting and dispositive power: All 9,807,141 shares are held with shared voting power and shared dispositive power; sole voting and sole dispositive power are each reported as 0.
  • Reporting persons: Helikon Investments Limited, a United Kingdom public limited company (investment adviser), and Federico Riggio, a citizen of Italy, filed jointly.
  • Fund involved: The shares are held by Helikon Long Short Equity Fund Master ICAV, managed by Helikon Investments Limited.
  • Triggering event date: The event requiring this filing occurred on September 30, 2026.

Helikon and Riggio Report 10.55% Stake in Collective Mining via Amendment

According to the filing, Helikon Investments Limited ("Helikon UK"), a United Kingdom public limited company authorized and regulated by the Financial Conduct Authority, and Federico Riggio filed Amendment No. 3 to Schedule 13G jointly on November 2, 2026. The filing covers common shares without par value of Collective Mining Ltd. (NASDAQ:CNL), a Toronto, Ontario corporation with principal offices at 82 Richmond St. E, Toronto. The triggering event date is listed as September 30, 2026.

The filing discloses that each reporting person beneficially owns 9,807,141 common shares, representing 10.55% of the class. This percentage is calculated based on an aggregate of 92,942,707 shares outstanding, as stated in the filing. The shares are held by Helikon Long Short Equity Fund Master ICAV, which Helikon UK manages. Both Helikon UK and Mr. Riggio report zero sole voting power and zero sole dispositive power over the shares, with all 9,807,141 shares attributed to shared voting power and shared dispositive power for each reporting person.

The filing certifies, in the words of the document, that "the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." Helikon UK is described as an investment manager, and the type of reporting persons are identified as IA and PN for Helikon UK, and HC and IN for Mr. Riggio. Both parties are listed at 17 Waterloo Place, London SW1Y 4AR. The filing was signed by Paul McLernon as Director of Helikon Investments Limited and by Federico Riggio individually.

What Was Disclosed

Helikon Investments Limited and Federico Riggio disclosed in Amendment No. 3 to Schedule 13G that they jointly hold 9,807,141 common shares of Collective Mining Ltd., equal to 10.55% of the class, as of September 30, 2026, with all ownership on a shared basis through the Helikon Long Short Equity Fund Master ICAV.