30 Drill Pads, 8,000 Meters: Major Phase II Copper Program Moves Forward in Mexico

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2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Algo Grande Copper Corp.
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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) announced that it has engaged Major Drilling Group International Inc. to execute an approximately 8,000-meter Phase II drill program at its Adelita Project in Sonora, Mexico, and has commenced earthworks in preparation for drilling. The company stated that site preparation activities include the construction of drill pads across multiple high-priority target areas, as well as the rehabilitation of existing access roads and the development of new access routes to support mobilization.

The company reported that approximately 30 drill pad locations measuring 7 meters by 7 meters are being prepared across the Cerro Grande skarn and its extensions, including the south and north-west zones. Additional high-priority targets include Cerro Potrero South, where a skarn outcrop of approximately 300 meters has been identified about 3 kilometers from Cerro Grande, and Las Trancas, an epithermal target showing Ag-Cu-Au mineralization. The company stated that these targets support a district-scale drill campaign.

Enrico Gay, CEO of Algo Grande Copper, said in a company news release, "With Major Drilling engaged and earthworks now underway at Adelita, the Company is advancing toward its Phase II drill program. Approximately 30 drill pads are being prepared across Cerro Grande and multiple high-priority targets, positioning the Company to test and expand the scale of high-grade copper mineralization along the 6-kilometer limestone corridor."

The company also provided an update on exploration activities at the Adelita Project, noting that a property-wide LiDAR survey has been completed, with final high-resolution data processing pending. A drone magnetic survey is approximately 60% complete and is expected to resume in the coming weeks following a temporary pause due to equipment damage. Additionally, the company completed a district-scale soil sampling program, collecting 1,685 samples across approximately 8 square kilometers, with analysis underway using handheld XRF technology, and select anomalous results to be submitted to an independent certified laboratory.

Algo Grande also announced the grant of 1,760,000 incentive stock options and 2,050,000 restricted share units to directors, officers, employees, and consultants. Each option is exercisable at CA$0.65 for a period of three years, with 50% vesting in six months and the remainder vesting six months thereafter. All restricted share units will vest one year from the date of grant, subject to approval of the TSX Venture Exchange.

Copper Sector Trends Supported by Price Strength and Structural Demand

According to an April 11 report from Excelsior Prosperity with Shad Marquitz, the analysis stated, "Copper is still in the midst of a gradual longer-term uptrend, and the recent downside volatility in March has not negated the structural bull market in place for the red metal." The report also noted that "support came in at 50-week moving average, where pricing bounced, and copper remains in a bullish technical posture," while emphasizing that "95% of articles on Copper for the last 5+ years have endlessly flagged these bullish supply/demand projections."

In a 247 WallSt April 13 article, Austin Smith wrote that "Copper has climbed from roughly US$9,173 per metric ton in April 2025 to nearly US$12,951 per metric ton in early 2026, a move driven by structural demand from electric vehicles, data center buildouts, and grid electrification that shows no sign of reversing."

Bloomberg News reported on April 14 that "copper rose to the highest level in more than a month as most industrial metals rallied on optimism that the U.S. and Iran will restart peace talks." The publication also cited market commentary, stating, "Investors are pricing in the easing of macro crisis," according to Jia Zheng, trading manager at Suzhou Chuangyuan Harmony-Win Capital Management Co., who added that "it is likely to be a prolonged tug-of-war… where the impact on the markets will gradually weaken."

Technical Analyst Highlights Bullish Chart Setup and Price Targets

¹According to a February 17 report from Stewart Thomson, the analyst stated, "the stock closed at CA$0.72 on Friday, February 16, above the private placement price of CA$0.65. From a technician's viewpoint, that's a sign of near-term strength for the stock." He also noted that "there's a significant bull wedge in play and a bullish divergence with the price for both the RSI and Stochastics oscillators."

In the same February 17, 2026 report, Stewart Thomson wrote that "the next news announcement should be the catalyst for the bull wedge breakout and surge to my CA$1.00 short-term target zone… but the chart action is so bullish that it could happen before there's any news." He further identified a "Short-Term Technical Price Target: CA$1.00" and a "Long-Term Technical Price Target: CA$6.00," while assigning a "Technical Rating: Speculative Buy."

Advancing Phase II Drill Preparation and Data Integration

The company stated that its Phase II drill program at Adelita is scheduled to commence in May and will incorporate data from multiple exploration programs. 

The LiDAR survey has been completed, with final processing and deliverables pending. The drone magnetic survey, currently 60% complete, is expected to resume in the coming weeks and will provide additional information on subsurface structures.

The company also completed a district-scale geochemical sampling program covering approximately 8 square kilometers, with 1,685 samples collected and currently undergoing analysis. Approximately the top 10% of anomalous results will be submitted to an independent certified laboratory for detailed geochemical analysis.

Algo Grande stated that integration of LiDAR, magnetic, and geochemical datasets will be used to define and prioritize drill targets, with an update on prioritized targets expected in the coming weeks.

Ownership & Share Structure²

Algo Grande Copper Corp. has a market cap of CA$28.4 million, with 39.9 million shares outstanding. The company's 52-week range is CA$0.13-CA$1.00.

Management and Insiders own 52% of shares, while Strategic Investors own 8%. The remaining 40% of shares are Retail.