Algo Grande Copper (TSXV:ALGR, OTC:ALGRF) has announced a non-brokered private placement, aiming to raise up to $3 million by issuing 5,000,000 common shares at $0.60 per share. These funds are earmarked to bolster the Phase II exploration program at the company’s wholly-owned Adelita Project in Sonora, Mexico, and will also contribute to operational expenditures and general working capital.
The financing structure includes potential provisions for eligible finders, who could receive a 6% cash commission and 6% in finder warrants, exercisable at $0.60 for 24 months. The issued securities will be subject to a standard four-month hold period. This offering requires approval from the TSX Venture Exchange and other regulatory bodies, with no minimum subscription threshold set. The company also anticipates potential participation from its own insiders.
Positive Takeaways
- The private placement is set to inject up to $3,000,000 in gross proceeds, crucial for advancing the Adelita Phase II expansion.
- The offering’s pricing is established at $0.60 per share for up to 5,000,000 shares, providing clear terms for investors.
- Proceeds are strategically allocated to the 100%-owned Adelita Project, a key asset for the company, alongside bolstering working capital.
- The absence of a minimum aggregate subscription threshold can facilitate a quicker and more flexible capital raise.
- Potential insider participation signals strong internal confidence in and alignment with the Adelita project’s exploration trajectory.
Potential Concerns
- The issuance of up to 5,000,000 new shares carries the inherent risk of equity dilution for existing shareholders.
- Finder compensation, structured as a 6% cash commission and 6% finder warrants, represents an additional cost of capital for the company.
- A mandatory four-month hold period on the issued securities will restrict immediate liquidity for new investors.
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VANCOUVER, BC / August 13, 2026 / Algo Grande Copper Corp. (“Algo Grande” or the “Company”) (TSXV:ALGR)(OTC PINK:ALGRF)(FRA:KM00) has launched a non-brokered private placement, seeking to raise up to $3,000,000 through the issuance of 5,000,000 common shares at a price of $0.60 per share. The capital infusion is intended to significantly bolster the ongoing exploration efforts at the company’s wholly-owned Adelita Project, located in Sonora, Mexico. Beyond its primary exploration mandate, the funds will also be directed towards general operating expenses and bolstering the company’s working capital reserves.
This financing initiative comes on the heels of several key technical advancements at the Adelita Project. Notably, the company announced on August 11, 2026, the successful expansion of copper mineralization identified in Holes 2 and 3 of its Phase II drill program at Cerro Grande, where two drill rigs are currently deployed. Initial core samples have been dispatched to ALS’s Hermosillo laboratory for analysis, with assay results anticipated in the coming weeks.
In connection with the private placement, Algo Grande may engage eligible finders. These finders could be compensated with a cash commission equivalent to 6% of the gross proceeds from purchasers they introduce. Additionally, finders may receive an equal percentage of finder warrants, with each warrant granting the holder the right to purchase a common share at $0.60 for a period of 24 months from the issuance date. All securities issued under this offering will be subject to a four-month statutory hold period, which will expire four months and one day following the closing date.
The offering is contingent upon securing all necessary regulatory approvals, including the nod from the TSX Venture Exchange, and is not subject to a minimum subscription threshold. This flexibility can expedite the fundraising process.
Enrico Gay, CEO of Algo Grande, expressed optimism about the company’s strategic positioning and future prospects. “In less than a year, we’ve transitioned from initial data acquisition to establishing a robust operational team on the ground, driving Adelita’s development across exploration, infrastructure, and community engagement,” Gay stated. “The results generated thus far in our phase II drill program provide us with the confidence to expand our exploration initiatives and sustain the project’s momentum.”
The company also anticipates that certain insiders may participate in the offering. Such participation could be classified as a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. Algo Grande intends to leverage exemptions from the formal valuation and minority shareholder approval requirements stipulated by MI 61-101 for these insider subscriptions.
About Algo Grande Copper Corp.
Algo Grande Copper Corp. is a dynamic mineral exploration company focused on advancing the Adelita Project. This large-scale, multi-system project is situated within the highly prospective Arizona-Sonora copper belt, recognized globally for its rich copper-gold-silver endowment. Algo Grande is committed to unlocking the full potential of this underexplored region through a rigorous, data-driven exploration strategy, underpinned by technical excellence and a clear dedication to shareholder value creation. The 5,895-hectare Adelita Project features the high-grade Cerro Grande Cu-Au-Ag skarn discovery, exhibiting consistent mineralization along a defined corridor spanning over six kilometers. Reinterpretation of legacy geophysical data alongside detailed field mapping suggests the presence of a deeper porphyry system, indicative of a classic skarn-porphyry mineralization model commonly observed in major deposits across northwestern Mexico.
ON BEHALF OF ALGO GRANDE COPPER CORP.
Enrico Gay
Chief Executive Officer
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements and information, which are based on management’s current expectations, estimates, analysis, and opinions. These are made in light of their experience and perception of current trends, conditions, and expected developments, as well as other factors considered relevant and reasonable at the time of their dissemination. However, forward-looking information inherently involves known and unknown risks, uncertainties, and other factors that could cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, the successful completion of the private placement, obtaining necessary regulatory approvals, and the intended use of proceeds. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement speaks only as of the date it is made. Algo Grande Copper Corp. undertakes no obligation to update any forward-looking information to reflect new information, events, results, circumstances, or otherwise, except as required by applicable securities laws.
Frequently Asked Questions
What is Algo Grande Copper’s (ALGRF) new private placement announced on August 13, 2026?
Algo Grande Copper announced a non-brokered private placement of up to 5,000,000 shares at $0.60 per share, for gross proceeds of up to $3,000,000. These funds are intended to support the Phase II exploration program at the Adelita Project and for general corporate purposes.
How will Algo Grande Copper (ALGRF) use the $3 million raised in the 2026 private placement?
Algo Grande Copper plans to use the proceeds to expand its ongoing Phase II exploration program at the Adelita Project in Sonora, Mexico. The company also indicated that remaining funds will cover additional operating costs and general working capital requirements.
Are there finder fees or warrants in Algo Grande Copper’s (ALGRF) August 2026 financing?
Yes. Eligible finders may receive a 6% cash commission on introduced funds and 6% in finder warrants. Each finder warrant allows for the purchase of one share at $0.60 for 24 months from issuance, which serves as an incentive for capital raising.
Will insiders participate in Algo Grande Copper’s (ALGRF) new private placement, and what regulations apply?
Algo Grande expects certain insiders may participate in the Offering, which would constitute a related party transaction under MI 61-101. The company plans to rely on exemptions from formal valuation and minority shareholder approval requirements for this insider participation.
Is Algo Grande Copper’s (ALGRF) $3 million private placement subject to TSX Venture Exchange approval?
Yes. The Offering is subject to receipt of all necessary approvals, including TSX Venture Exchange approval. The private placement is non-brokered, has no minimum aggregate subscription, and the securities will carry a four-month plus one day hold period after closing.
How does the August 2026 financing support Algo Grande Copper’s Adelita Project exploration?
The financing provides up to $3,000,000 to expand the Phase II drill program at Cerro Grande within the Adelita Project. With two drill rigs active and assay results pending, the new funds are aimed at maintaining exploration momentum and advancing the project.
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