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Algo Grande Copper Corp. reports company developments tied to mineral exploration, project drilling and assay results at the Adelita Project in Sonora, Mexico. News about the company includes updates on the Cerro Grande Skarn target, copper-gold-silver mineralization, molybdenum values, and geological interpretation of a porphyry-skarn system.
Company updates may also cover capital-structure disclosures, governance matters, security-structure information, operating results and financial results as they relate to the issuer's public-company profile and exploration activities.
Algo Grande Copper (TSXV:ALGR)(OTC:ALGRF) closed its previously announced, oversubscribed non-brokered private placement of 7,977,497 common shares at a deemed price of $0.60 per share, raising aggregate gross proceeds of $4,786,498. Proceeds will fund ongoing drilling and exploration at the 100%-owned Adelita copper-gold-silver project in Sonora, plus operating costs and working capital.
According to Algo Grande Copper, eligible finders received $104,020 in cash commissions and 238,950 finder warrants exercisable at $0.60 for two years. Securities are subject to a four-month plus one day hold period. Insiders subscribed for 123,333 shares for gross proceeds of $73,998, a related party transaction conducted under MI 61-101 exemptions.
Algo Grande Copper (OTC:ALGRF) has upsized its previously announced non-brokered private placement of common shares, increasing the maximum gross proceeds from $3,000,000 to up to $5,000,000. The offering now comprises up to 8,333,333 shares at $0.60 per share.
According to the company, net proceeds will fund ongoing drilling and exploration at its 100%-owned Adelita Project in Sonora, and support operating costs and working capital. Eligible finders may receive a 6% cash commission and 6% finder warrants, exercisable at $0.75 for 24 months. The financing is subject to TSX Venture Exchange approval, includes a four-month hold period, and may include insider participation under MI 61-101 exemptions.
Algo Grande Copper (TSXV:ALGR, OTC:ALGRF) announced a non-brokered private placement of up to 5,000,000 common shares at $0.60 per share, for gross proceeds of up to $3,000,000. Funds will support the expansion of the Phase II exploration program at the 100%-owned Adelita Project in Sonora, Mexico, plus operating costs and working capital.
The Offering may include a 6% cash commission and 6% finder warrants for eligible finders, with each finder warrant exercisable at $0.60 for 24 months. Securities will carry a four-month hold period. The financing is subject to TSX Venture Exchange and other required approvals and is not subject to a minimum subscription. Certain insiders may participate, with the company intending to rely on MI 61-101 exemptions.
Algo Grande Copper (TSX-V:ALGR, OTC:ALGRF) reported new visual results from its Phase II drilling at the 100%-owned Adelita copper-silver-gold project in Sonora, Mexico. Hole AG_CG_PH2_002 now shows 68.77 metres of visually observed copper-bearing core within a 154.40-metre interval from 146.70 to 301.10 metres, more than doubling the copper-bearing footprint previously reported. A first batch of core from surface to 179 metres has been delivered to ALS Hermosillo for assay.
Hole AG_CG_PH2_003 has logged 37.42 metres of visually copper-bearing core within a 73.91-metre interval from 165.74 to 239.65 metres, including a 31.88‑metre lower zone with 22.56 metres of copper-bearing core. Management interprets this as a 105‑metre vertical step‑out above Phase I hole AG_GC_002, indicating early evidence of vertical continuity at Cerro Grande. Both rigs remain active, with Hole 2 at 424.22 metres toward a planned 700 metres and Hole 3 still in mineralization at 239.65 metres. All observations are based on visual logging only; assays and true widths are pending.
Algo Grande Copper (OTC:ALGRF) reported a Phase II drill update for the Cerro Grande skarn target at its 100%-owned Adelita Project in Sonora, Mexico. The company has started drilling Hole AG_CG_PH2_003 (“Hole 3”) with a second, track-mounted rig, collared about 100 metres along strike from Phase I discovery hole AG_GC_002 and planned to a depth of 450 metres.
According to Algo Grande, Hole 3 aims to confirm and extend five known skarn horizons and test for additional horizons in previously untested limestone. Phase II Hole AG_CG_PH2_002 (“Hole 2”) has advanced to roughly 300 metres toward a 700-metre target, with mineralized core currently being cut and prepared for shipment to ALS Laboratories in Hermosillo. Phase I hole AG_GC_002 previously intersected a stacked, five-horizon skarn system with a combined 41.59 metres of mineralized skarn across five non-contiguous intervals, which remain open for expansion.
Algo Grande Copper (OTC:ALGRF) reported progress on its Phase II drill program at the 100%-owned Adelita Project in Sonora, Mexico. A second, track-mounted drill rig has been mobilized at the Cerro Grande skarn target to operate alongside the first, with the aim of increasing drilling pace and tightening drill spacing.
Hole AG_CG_PH2_001 was completed to 550 m, intersecting a granodiorite intrusive complex with quartz monzonite dikes, silicification, quartz-K-feldspar veining and sulphide minerals, plus fugitive calcite near 472–476 m, which management views as a pathfinder for a potential mineralized intrusion at depth. Hole AG_CG_PH2_002, planned to 700 m, has advanced beyond 200 m and intersected 28.37 m of visual copper mineralization in two intervals (19.80 m from 146.70–166.50 m and 8.57 m from 168.36–176.93 m), hosted in garnet-dominant skarn and, for the first time in the program, in andesitic porphyry. According to the company, this assemblage may indicate proximity to the mineralizing system, and the 400–700 m section of Hole 2 will test previously undrilled ground and a possible feeder intrusion. Assays are pending.
Algo Grande Copper (OTC:ALGRF) reported Phase II drilling and UAV magnetic survey results at its 100%-owned Adelita Project in Sonora, Mexico. One hole is complete, Hole 002 is in progress within a 21-hole, ~8,000-metre program, with first assays targeted for August 2026.
The high-resolution UAV survey and 3D magnetic vector inversion defined three interpreted porphyry-related intrusive centers (Mezquital, Cerro Grande Central deep source, La Corona), resolved stacked skarn-related magnetic bodies at Cerro Grande, and validated a property-wide structural targeting model across the 5,895-hectare district.
Algo Grande Copper (OTC:ALGRF) has started its Phase II drill program at the 100%-owned Adelita Project in Sonora, Mexico. Major Drilling has mobilized and begun hole AG_GC_PH2_001 at the Cerro Grande Cu-Ag-Au skarn target, planned to 500 metres depth.
The hole aims to extend the Cerro Grande skarn discovery 100 metres north of the Phase I footprint. The 8,000‑metre program will test a 2.5‑kilometre magnetic corridor and include maiden drilling at Cerro Potrero South skarn and Las Trancas epithermal targets.
Algo Grande (OTC:ALGRF) appointed Monica Ospina as ESG Advisor, leveraging her mining-focused ESG and stakeholder engagement experience. The company is finalizing its first Digbee ESG disclosure for the Adelita copper project.
Algo Grande also detailed IR and consulting agreements with Fairfax Partners, Rayleigh Capital, Insight Capital Partners and Resource Stock Digest, including revised monthly fees, stock options and TSXV approval conditions.
Algo Grande Copper (OTC:ALGRF) completed high-definition drone magnetic and LiDAR surveys at the Adelita Project in Sonora, Mexico and finalized targets for an approximately 8,000-metre Phase II diamond drill program starting June 2026.
The program, executed by Major Drilling, will focus on expanding the Cerro Grande skarn discovery and maiden drilling at Cerro Potrero South and Las Trancas. A live investor webinar is scheduled for May 29, 2026.