Northwire Canada EditionWednesday, November 11, 2026
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Financings

Aldebaran Announces Closing of Concurrent Private Placement

By The Northwire Desk — AI Analysis Feb 18, 2026 · 08:30 ALDE · 3.11 Aldebaran Resources Inc.
ALDE · Price

Executive Summary

  • Aldebaran Resources Inc. closed a private placement of 1,538,462 common shares at $3.25 each, generating gross proceeds of $5,000,001.50.
  • Combined with the earlier “LIFE Offering,” total issuance reached 13,923,157 shares for $45,250,260.50 in gross proceeds.
  • Net proceeds are earmarked to fund a pre‑feasibility study of the Altar copper‑gold project in Argentina and general working capital.

Key Details

  • Offering Size: 1,538,462 common shares issued at $3.25 per share.
  • Gross Proceeds: $5,000,001.50 from this closing; total gross proceeds to date $45,250,260.50.
  • Statutory Hold Period: Shares subject to a hold until June 18, 2026.
  • Related Party Transaction: Route One Investment Company LLC purchased the entire issuance; exemption relied on MI 61‑101 provisions (fair market value ≤ 25% of market cap).
  • Regulatory Filings: Material change report filed February 11, 2026 (available on SEDAR).
  • Use of Proceeds: Completion of a prefeasibility study for the Altar copper‑gold project (San Juan Province, Argentina) and general working capital.
  • Previous Offering (“LIFE Offering”): Closed Feb 5, 2026; 12,384,695 shares issued at an aggregate $40,250,259.00.

Notable Quotes

  • “The net proceeds will enable us to advance the Altar project toward a definitive feasibility study and strengthen our balance sheet,” – John Black, CEO & Director.
Read the original news release →

More from Aldebaran Resources Inc.

Oct 05, 2026 · 07:00

Aldebaran Reports 1,728.9 m of 0.45% CuEq (0.41% Cu, 0.03 g/t Au & 1.34 g/t Ag), including 756 m of 0.68% CuEq (0.61% Cu, 0.03 g/t Au & 2.12 g/t Ag) at the Altar Copper-Gold Project in San Juan, Argentina

Drill Results Sep 09, 2026 · 07:00

Aldebaran’s Altar infill returned 513 m at 1.06% CuEq, marking strong but expected resource conversion.

Drill Results Aug 25, 2026 · 07:00

Aldebaran’s Centauri spin-out clears its final TSX-V hurdle, paving the way for a standalone listing and value unlock.

M&A / Property Aug 11, 2026 · 07:00

Aldebaran clears its final court hurdle, unlocking a standalone Argentine exploration entity for future mineral development.

M&A / Property Jul 23, 2026 · 15:32

Aldebaran closes Centauri spin-out financing in escrow ahead of the August shareholder distribution.

Financings Jul 06, 2026 · 06:14

Aldebaran secures C$25 million to finalize its spinout and fund drilling at its Argentine Centauri project.

Financings