THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESS Newswire / February 19, 2026 / Algo Grande Copper Corp. (“Algo Grande“) (TSX-V:ALGR)(OTC:KNDYF)(FRA:KM00) is pleased to announce that, due 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 increases the maximum gross proceeds from the sale of the Shares from $5,000,000 to up to $7,000,000. The Upsized Offering now consists 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 100% owned Adelita Project in Sonora, Mexico, with a focus 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 not identified in previous drilling. The upcoming program targets expansion drilling at Cerro Grande and initial drilling along an approximately 6-kilometer 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 purchasers introduced by such Finder, and issue such number of common share purchase warrants (each, a “Finder Warrant“) equal to 7% of the number of Shares acquired by purchasers introduced by such Finder. Each Finder Warrant will entitle the holder to acquire one Share (each, a “Finder Share“) at an exercise price of $0.65 per Finder Share for a period of 36 months from the date of issuance.
In addition, Canaccord Genuity Corp. (“Canaccord“) is acting as a financial advisor to the Company in connection with the Upsized Offering. The Company will pay Canaccord a corporate finance fee of $50,000 (the “Corporate Finance Fee“) upon closing of the Upsized Offering. The Corporate Finance Fee may be satisfied by 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 expenditures related to the Adelita Project, including Phase II drilling at Cerro Grande and along the broader skarn corridor, as well as to pay additional operating expenses and for general working capital purposes.
The securities issued under the Upsized Offering will be subject to a four-month hold period under applicable securities laws, expiring four months and one day from the closing of the Upsized Offering. The Upsized Offering is not subject to any minimum number of subscriptions. The Upsized Offering is subject to certain conditions, including but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
The Company anticipates that certain insiders of the Company (the “Insiders“) will 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 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 in 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-oriented mineral exploration company advancing the Adelita Project, a large-scale, multi-system copper-gold-silver project located in the prolific Arizona-Sonora copper belt.
The Company is committed to unlocking the full potential of this underexplored corridor through disciplined, data-driven exploration, technical excellence, and a firm commitment to shareholder value creation. The 5,895-hectare Adelita Project is anchored by the high-grade Cerro Grande Cu-Au-Ag skarn discovery, which shows strong continuity along a defined corridor of over 6 kilometers. Reinterpretation of legacy geophysical data and field mapping indicates the presence of a potential porphyry system at depth, suggesting a classic skarn-porphyry mineralization model similar to the major deposits in northwestern Mexico.
ON BEHALF OF ALGO GRANDE COPPER CORP.
Enrico Gay
Chief Executive Officer
For further information, please contact:
Email: info@algo-grande.com
Website: www.algo-grande.com
Cautionary Note Regarding 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 press release contains statements and information that, to the extent that they are not historical facts, constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information is based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made, but which may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Algo Grande to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements regarding the completion of the Upsized Offering, regulatory approvals for the Upsized Offering and the anticipated use of proceeds therefrom, and those listed in the filings of Algo Grande with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca ). Accordingly, readers should not place undue reliance on such forward-looking information. Furthermore, any forward-looking statement speaks only as of the date on which it 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 statement. Algo Grande undertakes no 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.
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