Mining Company Uncovers 41.4% Copper Surface Sample at Adelita Project

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1. Disclosure for the quote from the Stewart Thomson article published on February 17, 2026:

1. For the quoted article (published on February 17, 2026), the Company 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.

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) is shared an update on its wholly-owned Adelita Project in Sonora, Mexico, in a March 11 release.

The company has successfully completed Phase I of its drilling program at the flagship Cerro Grande Skarn and conducted a comprehensive property-wide surface prospecting campaign. During this campaign, 49 rock samples were collected, with 19 of these samples showing copper grades exceeding 1%.

This effort has not only confirmed copper-gold-silver mineralization across several target areas — including Potrero South, Las Trancas, Cerro Grande Northwest, La Molina, and Mezquital — but also led to the discovery of a new skarn zone at the Potrero South target. This new zone, located about 3 kilometers south of the central Cerro Grande discovery, features over 300 meters of surface exposure with some samples showing copper concentrations higher than 3%.

"All the data we are processing at the Adelita project is pointing to a rich multi-deposit geological system which includes skarn-porphyry and epithermal mineralization across the Adelita land-package," Chief Executive Officer Enrico Gay said. "The new Skarn zone discovered has never been drilled and represents a new high-grade copper-gold-silver opportunity, 3 kilometers away from Cerro Grande."

The recently completed Phase I drill program is now in the assay stage, with results anticipated in the coming weeks, the release noted. This phase aimed to expand and better define the mineralization within the Cerro Grande Skarn system and to test the vertical and lateral continuity of previously identified high-grade mineralization. Preliminary results from the first 450 meters of drill hole AG_GC_002 have already confirmed the discovery of three previously unknown high-grade skarn horizons, with mineralization extending from the surface down to 390 meters and remaining open at depth.

In addition to drilling, Algo Grande conducted a property-wide prospecting and geological mapping campaign in January 2026. This campaign identified several new mineral occurrences, including an additional skarn occurrence at the Potrero South target and confirmed mineralization in previously underexplored areas like Las Tablas. Notably, one sample from the Las Trancas target showed an extraordinary 41.4% copper, alongside significant gold and silver values.

Recent Field Campaign

Golden Cariboo's recent field campaign, completed in January 2026, has yielded promising results, reinforcing the potential of the Adelita property as a multi-center, district-scale copper-dominant skarn system with significant gold and silver by-products.

A notable discovery from the campaign is a second skarn occurrence at the Potrero South Skarn Target, located about 3 kilometers south of the Cerro Grande area, Algo Grande noted. This new zone, which has never been drilled, shows over 300 meters of surface expression and has yielded rock samples with copper grades exceeding 3%, along with notable gold and silver values. This target will be included in the company's Phase II drill program scheduled for Q2 2026.

The Las Trancas Epithermal Target also showed positive signs of copper and silver mineralization at the surface, with historical trenching returning significant gold and copper grades. This target has not been extensively drilled in the past, and plans are in place to conduct a detailed geological mapping and a first-pass drill program.

At the Cerro Grande Northwest Target, additional mineralization was confirmed, extending the potential strike of the Cerro Grande discovery zone by 1.5 kilometers, the company said. The La Molina Target, identified through a machine learning exercise, revealed multiple high-grade rock samples and copper showings, highlighting the effectiveness of AI technology in enhancing exploration targeting.

The Mezquital Porphyry Target's reconnaissance visit identified multiple copper mineralization float samples and tourmaline breccia float samples, suggesting proximity to a magmatic-hydrothermal center, according to the release. Follow-up work will focus on locating the bedrock source of these samples.

Analyst: Co. Poised for Continued Outperformance

¹According to a review of the stock on February 17 by Technical Analyst Stewart Thomson, Algo Grande is utilizing cutting-edge technology and a top-tier technical team known for its billion-dollar discoveries to responsibly develop and rapidly define resources, aiming to deliver substantial value to its stakeholders.

The company is led by 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. His firm, Megaw Exploration Associates (MXA), provides comprehensive support for the project, from geological modeling to drill planning.

The company has scheduled its Annual General Meeting (AGM) for February 25, where Dr. Raymond Jannas is nominated to join the board, pending AGM approval. Dr. Jannas, an economic geologist with over 40 years of experience in porphyry Cu-Au systems, has been instrumental in several major discoveries and is currently advising on the Adelita project.

The company benefits from its location in Sonora state, close to the U.S. market, with accessible roads, power, and a nearby shipping port — all crucial factors in reducing production costs. Algo Grande recently announced new financing aimed at supporting a Phase Two drill program, reflecting the company's proactive approach to achieving significant drill results.

From a technical analysis perspective, the stock, which closed at CA$0.72 at the time of writing, is showing signs of near-term strength, trading above the private placement price of CA$0.65. The stock is forming a significant bull wedge and displaying a bullish divergence on both the RSI and Stochastics oscillators, suggesting potential for a breakout and rise to a short-term target of CA$1.00. This bullish chart action could precipitate a surge even before further news developments.

Investors are encouraged by the stock's performance, which has been outperforming the CDNX index since the company's acquisition of Adelita and subsequent name change.

With the addition of a strategic heavyweight advisor potentially joining the board, the company is poised for continued outperformance. Detailed investor information and further insights into Algo Grande's strategy and operations are available on the company's website.

"With a new heavyweight strategic advisor potentially about to join the board, investors should expect to see this kind of outperformance … and they are getting it," Thomson wrote.

The Catalyst: Price Surge Drawing Attention to Shortfall

Copper prices have seen a significant surge through 2025 and into 2026, drawing attention to the potential global supply shortfall that is concerning market analysts, according to a report by Dean Belder for Investing News Network on March 10.

Carlos Piñeiro Cruz, principal copper analyst at Benchmark Mineral Intelligence, discussed the critical factors influencing the copper market at the Benchmark Summit in Toronto, Belder said. He highlighted that a combination of rising demand due to urbanization, the energy transition, and the expansion of artificial intelligence infrastructure is clashing with a stagnant mine supply, leading to a tightening market outlook.

In 2025, the copper industry faced substantial disruptions, including a mudslide at Freeport-McMoRan's Grasberg mine and seismic events at Ivanhoe Mines' Kamoa-Kakula, which significantly reduced output. These incidents underscore the increasing tightness in the copper market, which is expected to enter a supply deficit in the coming years. Despite these challenges, Cruz predicts a modest production growth of 1.5 percent for 2025, primarily from mines returning to normal operations and some new projects ramping up.

Looking ahead, Cruz anticipates a stabilization of growth in 2027, with significant contributions from South America, Africa, and Asia (excluding China). He forecasts a long-term compound annual growth rate of 0.9 percent from 2025 to 2035, with copper output peaking in 2033 at 27 million metric tons.

Cruz also emphasized the growing demand for copper driven by sectors such as electric vehicles (EVs), artificial intelligence, data centers, and energy infrastructure. Despite a projected decrease in copper content per EV, overall demand from battery EVs and hybrid vehicles is expected to rise significantly. Additionally, demand from energy transmission and generation is projected to grow substantially, accounting for the majority of the demand increase.

Addressing the supply challenges, Cruz noted that the current and upcoming copper mines, along with probable projects, might not suffice to meet the soaring demand by 2035, potentially leading to a supply gap of 2.2 million metric tons. He suggested that to bridge this gap, around 100 new mines would need to be developed by 2035, a daunting task given the scarcity of new large-scale deposits and the lengthy permitting processes involved.

Copper prices are on track to see their most significant annual increase in over a decade, driven by a combination of supply disruptions, a weakening U.S. dollar, positive economic growth projections for China, and substantial investments in artificial intelligence. This analysis was detailed in a report by Sam Meredith for CNBC, dated December 30, 2025. Analysts are predicting that the surge in copper prices may continue throughout the year, particularly due to ongoing concerns about supply limitations and the rapid expansion of global data centers.

Meredith highlighted that copper demand is frequently viewed as a barometer of economic health. The metal is essential to various sectors crucial for the energy transition, including the manufacturing of electric vehicles, the development of power grids, and the construction of wind turbines. Additionally, the electrification movement, grid expansion, and the building of data centers heavily rely on copper for essential functions such as wiring, power transmission, and cooling infrastructure.

Ownership and Share Structure²

Algo Grande Copper has 39.92 million shares outstanding. The company has a market cap of CA$28.74 million and a 52-week range of CA$0.08 - CA$1.

Its estimated capital structure is this: 40% insiders and strategic backers, 8% Institution, and 52% public float.