Copper Junior Starts Phase 2 Skarn Drilling at Sonora Adelita

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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 26, 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.

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.

Copper demand continues to grow from electronics, data centers, defense applications, and clean energy infrastructure. This environment draws attention to early-stage explorers such as Algo Grande Copper Corp.'s (ALGR:TSX.V)  that are actively testing projects in established copper districts.

Key Investor Takeaways

• Algo Grande began is drilling additional Phase II holes designed to expand the Cerro Grande skarn system.
• The company aims to confirm two historical skarn horizons, extend three newly discovered horizons, and test previously unexplored limestone at its 100%-owned Adelita Project in Sonora, Mexico.
• Previously completed Phase 1 drilling revealed a stacked, five-horizon skarn system, with AG_GC_002 intersecting 41.59m of combined mineralized skarn across five intervals.
• Hole 2 has advanced to roughly 300m of its planned 700m depth, with core from a previously disclosed mineralized interval now being shipped to ALS Laboratories in Hermosillo.
• A second, track-mounted drill rig was mobilized to run Hole 3 concurrently with Hole 2, supporting the company's interpretation of a laterally and vertically extensive skarn system.
• Assay results for Hole 2 are pending, with the company expecting to report them once received and verified.

Copper Market Trends Supporting Exploration

Industrial sectors that rely on copper for wiring, motors, and electronics are expanding. Reports indicate that by 2040, strategic uses such as AI infrastructure, defense, power grids, and clean energy could represent nearly 45 percent of total copper demand, up from 32 percent in 2024. Businessworld highlighted this shift toward less price-sensitive buyers. Recent price action showed copper futures moving above US$6.45 per pound following steady interest-rate decisions, illustrating how macroeconomic factors influence the metal.

Why Algo Grande Stands Out Among Juniors

Algo Grande Copper Corp. is a Canadian exploration company focused on testing overlooked, potentially high-value properties in North America, with current projects centered in Mexico. The company partners with Megaw Exploration Associates (MXA) for operational support. Its 100 percent owned Adelita project covers 5,895 hectares in southern Sonora, a state that accounts for roughly 80 percent of Mexico's copper output. The project hosts skarn mineralization containing copper, silver, and gold.

Phase 2 Drilling Program Details

On July 31, 2026, Algo Grande announced the commencement of drilling at Hole AG_CG_PH2_003 (Hole 3) at the Cerro Grande skarn target. The hole is designed to improve confidence in two historical skarn horizons, test the along-strike extension of three additional horizons discovered in Phase 1, and explore potential undiscovered horizons in previously untested limestone. Hole 2 continues advancing toward its planned depth as part of an 8,000-meter campaign. Core from mineralized intervals in Hole 2 is being prepared for shipment to ALS Laboratories for review and verification. A successful result from Hole 3 would support the interpretation of a laterally and vertically extensive skarn system with further expansion potential.

Phase 1 Results That Shaped Current Targets

The Phase 1 campaign totaled approximately 2,000 meters across four holes. Hole AG_GC_002 intersected three previously unknown skarn horizons in addition to two shallower known horizons, confirming a stacked five-horizon system with mineralized skarn across five separate intervals totaling 41.59 meters. These findings guide the Phase 2 focus on expanding known zones and testing for additional horizons.

Perspectives on the Project

¹Technical analyst Stewart Thomson issued a Speculative Buy rating with a short-term price target of CA$1.00 and a long-term target of CA$6.00. The company later reached the short-term target. Robert Sinn of Goldfinger noted tier-one technical backing from Peter Megaw of MAG Silver and Raymond Jannas of ATEX Resources, along with the high-grade copper discovery, multiple skarns, porphyry potential at depth, and defined expansion targets. Bob Moriarty wrote about copper demand on June 16, 2026, and described the Adelita acquisition as a remarkable all-stock arrangement that gave Algo Grande full ownership of the property.

Share Structure and Ownership Snapshot

Algo Grande Copper Corp. has a market cap of CA$22.39 million, with 42.34 million shares outstanding. The 52-week range is CA$0.35-CA$1.00. ²Institutions hold 8 percent, management and insiders hold 40 percent, and retail investors hold the remaining 52 percent.

Common Questions from Investors

Q: What is a skarn deposit?
A: A skarn deposit is a type of mineral deposit formed when hot, mineral-rich fluids from magma react with surrounding limestone or other carbonate rocks. Skarn deposits commonly contain copper, gold, silver, zinc, tungsten, and other valuable metals.

Q: What does it mean when mineralization occurs in multiple horizons?
A: Multiple mineralized horizons are separate layers or zones of mineral-bearing rock encountered at different depths. Finding several horizons can indicate a larger and more complex mineral system with additional exploration potential.

Q: Why do exploration companies drill stepout holes?
A: Stepout holes are drilled away from known mineralization to determine whether a deposit extends farther along strike or at depth. Successful stepout drilling can expand the size of a mineralized system.

Q: What are assay results, and why do investors watch them?
A: Assay results report the amount of metals contained in drill or rock samples. They are one of the primary ways exploration companies evaluate drilling success and determine whether additional exploration or resource estimation is warranted.

Algo Grande anticipates releasing assay results from Hole 2 once verified. Retail investors should review the latest technical reports and consider the inherent risks of early-stage mineral exploration before making decisions.

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