Algo Grande Copper Announces $3 Million Private Placement to Fund Expansion of Phase II Exploration Program at the Adelita Project

Algo Grande Copper Corp. announced a non-brokered private placement of up to 5,000,000 common shares at $0.60 per share, raising up to $3,000,000 in gross proceeds. The capital raise is designated to fund the continued expansion of the Phase II drill program at the 100%-owned Adelita Project in Sonora, Mexico, specifically targeting the Cerro Grande skarn system, alongside covering operating costs and general working capital.

The offering includes finder’s compensation consisting of a 6% cash commission and finder warrants equal to 6% of the shares purchased by introduced purchasers. Each warrant carries a $0.60 exercise price and a 24-month term. Securities are subject to a standard four-month hold period and require TSX Venture Exchange approval.

The financing follows technical updates from August 11, 2026, which highlighted expanded copper mineralization in Holes 2 and 3 of the Phase II program, with initial core samples recently delivered to ALS laboratories for assay.

Algo Grande Copper Corp. (ALGR) announced a financing round priced at $0.60 per share, an expected incremental follow-up to the company's previously announced Phase II exploration campaign. The pricing aligns with recent market trading levels, avoiding a significant discount that would cause severe immediate dilution, while adding approximately 5 million shares to the capitalization.

The capital provides the necessary runway to execute the announced 8,000-metre Phase II program and cover corporate overhead, directly supporting the exploration thesis. As this is a financing update rather than an earnings release, there are no new operational results or guidance changes to assess; the focus remains on capital preservation and exploration execution.

Algo Grande Copper Corp. is an early-stage exploration company focused on the Adelita Project, a 5,895-hectare land package situated in the Sonora-Arizona copper belt of northwestern Mexico. The company’s flagship asset is the Cerro Grande Cu-Au-Ag skarn discovery, which features a vertically stacked, multi-horizon skarn system with clear geological vectors pointing toward a deeper porphyry source.

Algo Grande has completed Phase I drilling and is currently executing Phase II, an 8,000-metre program designed to expand the Cerro Grande discovery along a 2.5-kilometre corridor and test maiden targets at Cerro Potrero South and Las Trancas. The project benefits from existing infrastructure, including road access, nearby grid power, and proximity to regional smelting facilities.