Explorer Launches Drill Program at High-Grade Mexico Copper Project

1. Algo Grande Copper Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
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1. Disclosure for the quote from the Stewart Thomson article published on February 17, 2026

1. For the quoted article, February 17, 2026, Algo Grande Copper Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
2. Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts.  The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

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2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Algo Grande Copper Corp. (ALGR:TSX.V) has officially launched the second phase of its exploration program at its 100%-owned Adelita Project in Sonora, Mexico, according to a June 12 release.

The first drill hole, labeled AG_GC_PH2_001, was started by Major Drilling Group International Inc. on June 9, at the Cerro Grande Copper-Silver-Gold (Cu-Ag-Au) skarn target, aiming for a depth of 500 meters. This particular drill hole is strategically designed to extend the known Cerro Grande skarn discovery by 100 meters to the north of where the initial phase of drilling concluded.

The exploration plan includes drilling additional holes that will further expand the discovery southward and northwestward, the company said. This expansion follows a 2.5-kilometer corridor that has been delineated through magnetic surveys, soil geochemistry, and geological mapping.

The comprehensive 8,000-meter drilling program not only aims to enlarge the Cerro Grande discovery along this corridor but also includes initial drilling efforts at the Cerro Potrero South skarn and Las Trancas epithermal targets.

This ambitious campaign aims to significantly expand the scope of historical drilling on the property. The primary objective is to further develop the high-grade Cerro Grande skarn discovery and to explore additional targets within the extensive mineral system.

"The Phase II drill program marks a major step as it will effectively double historical drilling completed on the Adelita project to date," Chief Executive Officer Enrico Gay said at the time the campaign was announced in May. "The new drone magnetic survey has defined a 2.5-kilometer target corridor surrounding the Cerro Grande discovery, giving us a clear pathway to potentially grow the footprint significantly. At the same time, maiden drill programs at Las Trancas and Cerro Potrero provide exposure to entirely new discovery opportunities across the broader Adelita district."

Phase II objectives include focusing on significant expansion and exploration across three key areas, the company has said. The first objective involves the expansion of the Cerro Grande Skarn, where recent drilling has confirmed a substantial, high-grade multi-horizon skarn system. Notable assay results from this area include 36.00 meters grading above 1% copper and 14.79 meters grading 1.4% copper within a broader mineralized interval.

The second objective is the Cerro Potrero South Maiden Diamond Drilling Program. Initial surface work in this area has uncovered copper-gold-silver skarn mineralization extending approximately 300 meters in strike length, aligning with a strong magnetic anomaly detected by new survey data. From this area, 14 rock samples have shown copper mineralization, including three samples with over 1% copper and four samples with over 1 gram per tonne gold, with peak values reaching 3.06% copper, 3.72 grams per tonne gold, and 232 grams per tonne silver.

The third objective focuses on the Las Trancas Epithermal System Maiden Diamond Drill Program. Sampling efforts at Las Trancas have resulted in exceptionally high-grade silver, copper, and gold values from surface mineralization and historical workings. Notably, three out of four samples returned grades above 1% copper, including peak values of 41.4% copper, 2 grams per tonne (g/t) gold, and 1,570 g/t silver from a selective stockpile sample.

The drilling activities will aim to test and expand mineralization across all three targeted areas.

Several Key Investor Points

Algo Grande has highlighted several key investor points in its latest communications, according to a contributed opinion piece for Streetwise Reports by Robert Sinn of Goldfinger Capital on April 2. These include the confirmation of high-grade copper mineralization through maiden drilling, with notable results such as 14.79 meters at 1.4% CuEq and 1.85 meters at 4.1% Cu along with 11 g/t Au and 150 g/t Ag.

The discovery of multiple high-grade skarn systems along a 6-kilometer mineralized corridor underscores the significant scale potential beyond the initial discovery zone, Sinn said. Additionally, geological indicators suggest the presence of a potential copper porphyry source beneath Cerro Grande, adding a layer of large-scale upside.

The company has also identified clear expansion targets through detailed drone magnetic surveys, which have pinpointed magnetite-rich skarn horizons, Sinn noted. These findings provide well-defined step-out drill targets for the upcoming Phase II program. Furthermore, Algo Grande benefits from tier-one technical backing, with support from industry experts Peter Megaw of MAG Silver and Raymond Jannas of ATEX Resources. Their proven track records in discovery, development, and mergers and acquisitions significantly de-risk exploration activities and enhance the strategic upside for Algo Grande Copper Corp.

Analyst: Performance Strong Compared to CDNX Index

¹According to a review of the stock by Technical Analyst Stewart Thomson on February 17, The company is leveraging cutting-edge technology and a world-class technical team, known for their roles in multiple billion-dollar discoveries, to responsibly develop and rapidly advance resource definition, aiming to create substantial value for its stakeholders.

The company's leadership includes CEO Enrico Gay, a seasoned capital markets professional who played a pivotal role in reactivating Kenadyr as Algo Grande Copper Corp. and acquiring the flagship Adelita project. Dr. Peter Megaw, a globally recognized CRD expert and co-founder of MAG Silver, serves as a strategic advisor. Megaw's firm, Megaw Exploration Associates (MXA), provides comprehensive support from geological modeling and target generation to drill planning and project evaluation. An update video on the Adelita project by Dr. Megaw is available for viewing.

The geographical advantages of Sonora, where the project is located, include proximity to the U.S. market, existing infrastructure such as roads and power, and nearby shipping ports — all factors that significantly reduce production costs, Thomson noted.

From a technical analysis perspective, the stock showed signs of bullish momentum with a significant bull wedge and bullish divergence noted in both the RSI and Stochastics oscillators, he said. The next news announcement could potentially trigger a breakout and surge towards a short-term target zone of CA$1. The stock's performance has been notably strong compared to the CDNX index since the acquisition of Adelita and the company's name change, the analyst said.

The Catalyst: Copper Stocks Rally Over War News

Copper and copper mining stocks experienced a pre-market rally on Friday, buoyed by the potential resolution of the U.S.-Iran conflict that has loomed over the global economy, according to a report by Carl Surran for Seeking Alpha on June 12. President Donald Trump indicated that a deal could be finalized within days, enhancing investor optimism. Additionally, Iran's semi-official Mehr News Agency reported on a 14-point draft deal, which includes the potential reopening of the strategically crucial Strait of Hormuz, although it noted that the agreement still awaits approval from Iranian authorities.

In response to these developments, shares of major copper mining companies saw significant pre-market increases, the report said. Freeport-McMoRan was up 1.6% after a 6.8% surge on Thursday, Southern Copper increased by 1.2% following an 8.6% jump the previous day, and Teck Resources rose by 1.7% after a 6.1% gain in the last session.

In the commodities market, benchmark copper futures recently traded up 1.5% at US$13,690 per ton on the London Metal Exchange, with zinc and nickel also posting gains of 1.6% and 0.8%, respectively. Jia Zheng, a trading manager at Suzhou Chuangyuan Harmony-Win Capital Management, commented to Bloomberg that a more stable macroeconomic environment could propel prices back to levels seen earlier in the year. Zheng also noted that China's domestic copper inventories have been declining while orders from downstream manufacturers remain robust.

Analysts at Jefferies have expressed increasing optimism about the long-term demand prospects for copper, issuing a bullish upgrade to their copper forecasts earlier this week, Surran wrote. This sentiment is further supported by Beijing's plan to invest approximately 2 trillion yuan (US$295 billion) over the next five years in nationwide computing networks, reinforcing the bullish demand outlook for copper.

Copper prices, although slightly off from their recent record highs, continue to trade at historically elevated levels, according to a report by Björn Junker for GoldInvest.de on June 8. In a move contrary to typical market skepticism during such phases, both Goldman Sachs and Citigroup have revised their copper price forecasts upward. This adjustment is attributed to a combination of weaker mining supply and unusually tight inventory levels, which are contributing to sustained market tightness beyond just a cyclical increase in demand.

Goldman Sachs has notably increased its year-end copper price target by more than 10%, raising it from US$12,465 to US$13,735 per ton. Citigroup has adopted an even more bullish stance, suggesting that prices could reach US$14,500 in the short term and potentially US$15,000 within a year, Junker reported. This optimistic outlook is supported by copper's performance, which has seen a 10% increase since the beginning of the year, outpacing gold. Both banks emphasize that this potential for further price increases is not due to speculative euphoria but rather reflects a fundamental imbalance between the metal available and the actual global demand.

On the supply side, significant disruptions have been noted. Goldman Sachs has revised its global copper production forecast downwards by 350,000 tons due to issues at major mining sites, the report said.

Additionally, there are notable shifts in global commodity flows, particularly affecting the U.S. market. Driven by significant price differentials, there has been a marked increase in copper imports into the U.S., with volumes in the first half of 2026 significantly exceeding expectations and anticipated to grow even further in the coming months. As a result, Goldman Sachs now projects that the copper deficit outside the U.S. will increase from an initially expected 60,000 tons to 640,000 tons. This dramatic escalation highlights the stark regional divergences in supply conditions across the global market.

Ownership and Share Information²

Algo Grande Copper Corp. has a market cap of CA$25.83 million, with 42.34 million shares outstanding. The company's 52-week range is CA$0.30-CA$1.00.

About 40% is held by insiders and strategic backers, about 8% by institutions, and about 52% by retail.