On August 6, 2025, Morpheus Research published a report 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.”
On this news, Collective Mining stock fell sharply in intraday trading on August 6, 2025.