Aldebaran Announces Closing of Concurrent Private Placement

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.