Helikon Investments Limited and Federico Riggio filed an amended beneficial ownership statement with the SEC on November 4, 2026, disclosing a combined 9,026,577 common shares of Collective Mining Ltd., representing 9.71% of the company's outstanding shares as of October 31, 2026.

Key Highlights

  • Reporting persons: Helikon Investments Limited, a United Kingdom public limited company, and Federico Riggio, a citizen of Italy, filed jointly as Amendment No. 4.
  • Shares beneficially owned: Each reporting person lists 9,026,577 common shares without par value of Collective Mining Ltd.
  • Ownership percentage: The 9,026,577 shares represent 9.71% of the class, calculated on a base of 92,942,707 shares outstanding.
  • Voting and dispositive power: Both reporting persons report zero sole voting or dispositive power; all 9,026,577 shares carry shared voting and shared dispositive power.
  • Triggering event date: The event requiring the filing occurred on October 31, 2026.
  • Holding vehicle: The shares are held by Helikon Long Short Equity Fund Master ICAV, managed by Helikon UK.

Helikon's Stake in Collective Mining: Structure and Filing Details

According to the filing, Helikon Investments Limited ("Helikon UK") is an investment manager authorized and regulated by the Financial Conduct Authority in the United Kingdom. The shares in question are held through Helikon Long Short Equity Fund Master ICAV, an investment fund that Helikon UK manages. Federico Riggio is identified as a control person with respect to those same shares, and the two parties are filing jointly under Rule 13d-1(k), as evidenced by the Joint Filing Statement attached as Exhibit I.

Collective Mining Ltd. (NASDAQ:CNL) is a Toronto, Ontario corporation with principal offices at 82 Richmond St. E, Toronto. The filing indicates that the 9,026,577 common shares without par value were acquired and are held in the ordinary course of business. The certifications included in the filing state that the securities "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer." The percentage ownership of 9.71% is calculated against an aggregate of 92,942,707 shares outstanding, as disclosed in Item 4 of the filing.

This is Amendment No. 4 to the original Schedule 13G filing, indicating that the reporting persons have updated their ownership disclosures on prior occasions. Helikon UK's principal address and Mr. Riggio's address are both listed as 17 Waterloo Place, London SW1Y 4AR. The filing was signed by Paul McLernon as Director on behalf of Helikon Investments Limited and by Federico Riggio in his individual capacity, both on November 4, 2026.

What Was Disclosed

Helikon Investments Limited and Federico Riggio disclosed beneficial ownership of 9,026,577 common shares of Collective Mining Ltd., equal to 9.71% of shares outstanding, with all voting and dispositive power held on a shared basis through Helikon Long Short Equity Fund Master ICAV.