Aldebaran closes $40.25-million bought deal offering

Executive Summary

• Aldebaran Resources Inc. has closed its previously announced bought deal private placement offering.
• The company issued 12,384,695 common shares at $3.25 per share, generating aggregate gross proceeds of $40,250,259.
• Net proceeds will be allocated to complete a prefeasibility study on the Altar copper-gold project in Argentina and for general working capital.

Key Details

• Gross proceeds: $40,250,259
• Shares issued: 12,384,695 common shares
• Issue price: $3.25 per common share
• Underwriters: ATB Cormark Capital Markets and Red Cloud Securities Inc. (co-lead underwriters and joint bookrunners)
• Underwriting agreement date: February 5, 2026
• Regulatory exemptions: Issued under the listed issuer financing exemption (NI 45-106) in Canada (excluding Quebec), and via private placement exemptions in the U.S. and other jurisdictions.
• Statutory hold period: None applicable under Canadian securities laws.
• Use of proceeds: Completion of a prefeasibility study for the Altar copper-gold project in San Juan province, Argentina, and general working capital.
• Offering documentation: Amended and restated offering document available via SEDAR+ and the company’s website.