- Collective Mining (CNL, Financial) to join MSCI Canada Small Cap Index on May 30, 2025.
- Index inclusion promises enhanced visibility and potential for increased trading volume.
- MSCI Canada Small Cap Index represents approximately 14% of Canada's market cap.
Collective Mining Ltd. (CNL) has announced its forthcoming addition to the MSCI Canada Small Cap Index effective after the close of trading on May 30, 2025. The inclusion decision was made public by MSCI Inc. following its regular index review on May 13, 2025.
The MSCI Canada Small Cap Index is comprised of 192 constituents and is structured to gauge the performance of small-cap companies in Canada. Collectively, these companies represent approximately 14% of Canada's free float-adjusted market capitalization. The inclusion of Collective Mining is anticipated to increase the company’s visibility among investors and may lead to higher trading volumes and liquidity.
Collective Mining, listed on NYSE American and TSX under the ticker "CNL," is engaged in gold, silver, copper, and tungsten exploration. The company is focused on the development of the Guayabales project in Caldas, Colombia, and aims to advance its exploration initiatives and expand its portfolio.
