Algo Grande Copper Announces Upsizing of Private Placement of Common Shares
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Algo Grande Copper Announces Upsizing of Private Placement of Common Shares
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC – February 19, 2026 – Algo Grande Copper Corp. (“ Algo Grande”) (TSX-V:
ALGR; OTC: KNDYF; FRA: KM00) is pleased to announce that in response to strong investor
demand, it has upsized its previously announced non-brokered private placement (the
“Upsized Offering”) of common shares in the capital of the Company (the “ Shares”)
originally announced on February 11, 2026.
The Upsized Offering raises the maximum aggregate gross proceeds from the sale of the
Shares from $5,000,000 to up to $7,000,000. The Upsized Offering will now consist of up to
10,769,231 Shares at a price of $0.65 per Share.
The Upsized Offering will fund the next phase of exploration at the Company’s 100%-owned
Adelita Project in Sonora, Mexico, focused on a Phase II drill program. Phase I drilling at the
Cerro Grande skarn intersected multiple stacked Cu-Au-Ag skarn horizons at depth,
including skarn zones that had not been identified by historic drilling. The upcoming program
will target expansion drilling at Cerro Grande and first-pass drilling along an approximately
6-kilometre prospective limestone corridor hosting multiple, undrilled, outcropping skarn
targets.
In connection with the Upsized Offering, the Company may pay certain eligible finders (each,
a “ Finder”) a cash commission equal to 7% of the aggregate gross proceeds raised from
those purchasers introduced by such Finder and issue that number of common share
purchase warrants (each, a “ Finder Warrant ”) equal to 7% of the number of Shares
purchased by those purchasers introduced by such Finder. Each Finder Warrant will entitle
the holder thereof to acquire a Share (each, a “ Finder’s Warrant Share ”) at an exercise
price of $0.65 per Finder’s Warrant Share for a period of 36 months from the date of
issuance.
Additionally, Canaccord Genuity Corp. (“ Canaccord”) is acting as financial advisor to the
Company in connection with the Upsized Offering. The Company shall pay Canaccord a
corporate finance fee of $50,000 (the “ Corporate Finance Fee ”) upon completion of the
Upsized Offering. The Corporate Finance Fee may be settled through the issuance of Shares
at a deemed price of $0.65 per Share.
The Company intends to use the net proceeds from the Upsized Offering to fund exploration
activities and expenses relating to the Adelita Project, including Phase II drilling at Cerro
Grande and along the broader skarn corridor, as well as for the payment of additional
operating costs and general working capital requirements.
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Securities issued in the Upsized Offering will be subject to a four-month hold period in
accordance with applicable securities laws, which will expire four months and one day from
the date of closing of the Upsized Offering. The Upsized Offering is not subject to a minimum
aggregate number of subscriptions. The Upsized Offering is subject to certain conditions
including, but not limited to, receipt of all necessary approvals, including approval of the
TSX Venture Exchange.
The Company expects that certain insiders of the Company (the “Insiders”) may participate
in the Upsized Offering. The participation of Insiders may constitute a “related party
transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority
Security Holders in Special Transactions (“MI 61-101 ”). The Company intends to rely on
exemptions from the formal valuation and minority shareholder approval requirements of
MI 61-101.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any
of the securities in the United States. The securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act”), or
any state securities laws, and may not be offered or sold within the United States or to U.S.
persons unless registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.
About Algo Grande Copper Corp.
Algo Grande Copper Corp. is a growth-focused mineral exploration company advancing the
Adelita Project, a district-scale, multi-system copper-gold-silver opportunity positioned in
the prolific Arizona-Sonora copper belt.
The company is dedicated to unlocking the full potential of this under-explored corridor
through disciplined data-driven exploration, technical excellence, and a firm commitment
to value creation for shareholders. The 5,895-hectare Adelita Project is anchored by the
high-grade Cerro Grande Cu-Au-Ag skarn discovery, which exhibits strong continuity along
a defined corridor extending over 6 kilometers. Reprocessing of legacy geophysical data and
field mapping indicate the presence of a potential porphyry system at depth, suggesting a
classic skarn-porphyry mineralization model similar to major deposits found throughout
northwestern Mexico.
ON BEHALF OF ALGO GRANDE COPPER CORP.
Enrico Gay
Chief Executive Officer
For more information, please contact:
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E-mail: [email protected]
Website: www.algo-grande.com
Cautionary Statement on Forward-Looking Information
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release contains statements and information that, to the extent that they are not
historical fact, constitute “forward-looking information” within the meaning of applicable
securities legislation. Forward-looking information is based on the reasonable assumptions,
estimates, analysis and opinions of management made in light of its experience and its
perception of trends, current conditions and expected developments, as well as other
factors that management believes to be relevant and reasonable in the circumstances at the
date that such statements are made, but which may prove to be incorrect. Forward-looking
information involves known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of the Algo Grande to differ
materially from any future results, performance or achievements expressed or implied by
the forward-looking information, including, but not limited to, statements relating to the
completion of the Upsized Offering, regulatory approvals for the Upsized Offering and the
anticipated use of proceeds therefrom, and those listed in filings made by Algo Grande with
the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca).
Accordingly, readers should not place undue reliance on any such forward-looking
information. Further, any forward-looking statement speaks only as of the date on which
such statement is made. New factors emerge from time to time, and it is not possible for
Algo Grande’s management to predict all of such factors and to assess in advance the
impact of each such factor on Algo Grande’s business or the extent to which any factor, or
combination of factors, may cause actual results to differ materially from those contained
in any forward- looking statements. Algo Grande does not undertake any obligation to
update any forward-looking information to reflect information, events, results,
circumstances or otherwise after the date hereof or to reflect the occurrence of
unanticipated events, except as required by law including securities laws.