ANDINA COPPER 1 Andina Copper Upsizes LIFE Offering and Concurrent Financing to an Aggregate of $27.5 m
ANDINA COPPER 1
Andina Copper Upsizes LIFE Offering and Concurrent
Financing to an Aggregate of $27.5 m
(TSX-V:ANDC) (FSE:FIR) (OTCQB:PMMCF) For Immediate Release
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.
February 23, 2026 – Vancouver, British Columbia.
Andina Copper Corp. (“Andina Copper” or the “Company”) (TSX-V:ANDC / FSE: FIRA / OTCQX®:
PMMCF) is pleased to advise it has upsized the previously announced non-brokered private
placement pursuant to the Listed Issuer Financing Exemption under Part 5A of National
Instrument 45-106- Prospectus Exemptions to gross proceeds of $12,200,000 (the “LIFE
Offering”), through the offering of 15,250,000 common shares in the capital of the Company
(each, a “LIFE Share”) at a price of $0.80 per share.
Concurrent with the upsized LIFE Offering, the Company is pleased to also advise it has upsized
the previously announced non-brokered private placement for gross proceeds of $15,300,000
(the “Concurrent Financing” and together with the LIFE Offering, the “Offerings”), through the
offering of 19,125,000 common shares in the capital of the Company (each, a “Non-LIFE Share”)
at a price of $0.80 per share.
The Offerings have been upsized to partially fill investor demand. The Company may pay finder’s
fees of up to 6% cash.
The Non-LIFE Shares may be offered to purchasers resident in Canada pursuant to applicable
prospectus exemptions, other than the Listed Issuer Financing Exemption, in accordance with
applicable laws, and may also be offered in other qualifying jurisdictions outside of Canada on a
private placement basis pursuant to relevant prospectus or registration exemptions in accordance
with applicable laws. Any securities issued under the Non-LIFE Offering to purchaser’s that are
residents in Canada will be subject to a hold period in accordance with applicable Canadian
securities laws, expiring four months and one day following the issue date of the Non-LIFE
Shares.
The LIFE Shares will be offered to purchasers pursuant to the Listed Issuer Financing Exemption,
in each of the Provinces of Canada except Quebec. The LIFE Shares will not be subject to a
Canadian hold period in accordance with applicable Canadian securities laws.
The Company intends to use the net proceeds from the Offerings to fund exploration at the
Company’s Piuquenes and Cobrasco Projects, working capital and general corporate purposes,
as more specifically described in the offering document. The LIFE Offering is scheduled to close
on or around March 11, 2026. The LIFE Offering remains subject to certain conditions customary
for transactions of this nature, including, but not limited to and compliance with TSX Venture
Exchange policies.
ANDINA COPPER 2
An amended and restated offering document related to the LIFE Offering that will be made
available under the Company's profile on SEDAR+ at www.sedarplus.com. The amended and
restated offering document will also be made available on the Company’s website at
www.andinacopper.com. Prospective investors of the LIFE Shares should read the Offering
Document before making an investment decision.
The securities to be offered have not been, and will not be, registered under the U.S. Securities
Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may
not be offered or sold in the United States or to, or for the account or benefit of, United States
persons absent registration or any applicable exemption from the registration requirements of the
U.S. Securities Act and applicable U.S. state securities laws. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor
shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
The Company’s Corporate Presentation is available at: Andina Copper Corporate Presentation
Interested parties can subscribe to our mailing list and follow our social media channels:
Mailing List | Andina Copper LinkedIn | Andina Copper X | Andina Copper Instagram
ON BEHALF OF THE BOARD
Joseph van den Elsen
President & Chief Executive Officer
Jordan Webster
VP – Technical Communications
ABOUT ANDINA COPPER
Andina Copper Corporation is a unique South America- focused copper explorer listed on the
TSX Venture Exchange (TSXV:ANDC), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF)
exchanges. The Company holds two significant discoveries along the world’s premier copper
producing Andean porphyry belt in Argentina and Colombia, and a compelling undrilled copper-
gold target in the prolific copper production district of the Coastal Cordillera of Chile.
FORWARD-LOOKING STATEMENT
This news release contains certain statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical fact, that address events or
developments that Andina Copper expects to occu r, are forward-looking statements. Forward-
looking statements are statements that are not his torical facts and are generally, but not always,
identified by the words "expects" and similar expre ssions, or that events or conditions "will" or
"may" occur. These statements are subject to various risks. Although Andina Copper believes
the expectations expressed in such forward-looking statements are based on reasonable
ANDINA COPPER 3
assumptions, such statements are not guaranteeing of future performance, and actual results
may differ materially from those in forward-looking statements.
Neither the TSXV nor the Canadian Investment Regulatory Organization accepts responsibility
for the adequacy or accuracy of this release.