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The filed complaint alleges that Collective Mining Ltd. made materially false and/or misleading statements and/or failed to disclose that: Morpheus Research published a report on August 6, 2025, entitled "Collective Mining: How To Build A Billion Dollar Company By Illegally Drilling on Untitled Land." Commenting on this report, Investing.com published an article which stated that Morpheus "alleges that Collective Mining is conducting exploration activities on untitled land without proper mining concessions from Colombian authorities, particularly at its flagship Apollo gold deposit." Following this news, Collective Mining stock dropped during intraday trading on the same day.
In order to be eligible to join the CNL class action lawsuit, you must have incurred a loss on shares of Collective Mining Ltd. purchased during the class period listed above.
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