Copper Explorer Expands High-Grade Copper System, Mexico

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.
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.
3. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

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.

Algo Grande Copper Corp. (ALGR:TSX.V) is pushing ahead with exploration at its wholly owned Adelita project in Sonora, Mexico, where two drill rigs are currently turning at the Cerro Grande target as part of the company's ongoing Phase 2 campaign, according to an August 13 release.

The drilling builds on Algo Grande's August 11 update, which reported broader copper mineralization in holes 2 and 3, and on the delivery of the first core samples to ALS's Hermosillo laboratory on August 7, with assay results anticipated in the coming weeks.

To keep that work advancing, Algo Grande has launched a non-brokered private placement of up to five million common shares at CA$0.60 per share for gross proceeds of as much as CA$3 million. The company will direct the proceeds toward continued exploration at Adelita, along with additional operating expenses and general working capital needs.

"In under a year, we have gone from a data package to a fully staffed team on the ground, advancing Adelita across exploration, infrastructure and community relationships," Algo Grande Chief Executive Officer Enrico Gay said. "The results to date in our phase 2 drill program give us confidence to expand our exploration program and continue advancing the project with momentum."

The company said it expects some insiders to participate in the financing. Such participation could qualify as a related-party transaction under Multilateral Instrument 61-101, or MI 61-101, which governs transactions involving the protection of minority security holders. Algo Grande plans to use available exemptions from the formal valuation and minority shareholder approval provisions under MI 61-101.

The Catalyst: Assay Results Expected in Coming Weeks

Last week, Algo Grande reported additional results from its Phase II drill campaign at Adelita, with drilling at Cerro Grande continuing to expand the known copper-mineralized footprint, according to an August 11 release. Hole AG_CG_PH2_002 (Hole 2) has outlined 68.77 meters of visually copper-bearing core across a combined mineralized span of 154.4 meters, more than twice the extent described in the company's previous update. The company has also submitted the first portion of Hole 2 core for assay. At the same time, Hole AG_CG_PH2_003 (Hole 3), drilled using a second track-mounted rig, has encountered a broad copper sulfide-bearing zone within garnet skarn and retrograde exoskarn.

Hole 2 has expanded the copper-bearing area beneath Cerro Grande, adding support to the potential scale of the mineralized system. Hole 3 encountered copper mineralization across a combined 73.91-meter interval, including 37.42 meters of visibly mineralized core and a significant section toward the lower part of the hole. The intersection occurs approximately 105 meters vertically above mineralization identified in Hole 2 during the Phase I program, which Algo Grande said provides an early indication of vertical continuity through Cerro Grande and suggests the system extends deeper.

"Hole 2's expanding copper zone and Hole 3's extensive new interval are building a compelling case for scale at Cerro Grande — though we are still early in testing this system," CEO Gay said. "We expect assays from this drill program to start coming out in the next few weeks, kicking off a steady flow of results from ALS as we move forward."

Both rigs continue drilling, with Hole 2 reaching 424 meters toward its planned 700-meter depth and Hole 3 advancing beyond 239 meters as the company tests previously unexplored ground below Cerro Grande. Algo Grande said the first batch of Hole 2 core reached the ALS laboratory in Hermosillo on August 7, with assay results expected to begin arriving in the coming weeks.

Hole 2 initially encountered copper more than 100 meters above the zone the company had expected to mineralize, identifying two intervals within a 30.23-meter section from 146.70 to 176.93 meters. The mineralization occurs mainly within massive brown garnet-dominant skarn and, for the first time in the current program, an andesitic porphyry intrusion. Drilling subsequently identified a broader mineralized section extending 108.2 meters from 192.9 to 301.1 meters, where six copper-bearing intervals collectively account for 40.4 meters of visually mineralized core. The material occurs in retrograde exoskarn and contains chalcocite, chalcopyrite, bornite, covellite and chrysocolla. The longest individual interval measures 19.22 meters, while molybdenite appears intermittently, including within a 3.06-meter section.

At Hole 3, copper mineralization extends from 165.74 to 239.65 meters across the combined 73.91-meter interval, with 37.42 meters of visually mineralized core. The upper zone covers 42.03 meters and contains six copper-bearing sections totaling 14.86 meters of visible mineralization within garnet-rich skarn featuring strong prograde alteration. Algo Grande identified bornite, chalcocite and covellite, along with trace chalcopyrite, occurring as patches and veinlets. A second zone spans 31.88 meters and contains 22.56 meters of visually mineralized core, primarily hosted by retrograde exoskarn with chalcocite, covellite, chalcopyrite, bornite, chrysocolla and minor native copper; chrysocolla also occurs locally alongside calcite veinlets.

Algo Grande emphasized that the reported mineralization is based only on visual core logging, and Hole 3 has not yet generated assay results or established true widths. Drilling was still encountering copper mineralization at 239.65 meters when the update was issued, indicating that the Cerro Grande mineralized system remains open at depth.

Expert: 'I'm in Love With the Story'

Bob Moriarty assessed the copper market on June 16 and identified Algo Grande as a company that could contribute to meeting growing supply requirements. Moriarty said, "The world needs more copper. A great deal more. Fortunately, Dr. Peter Megaw has been turning up enormous copper deposits across Northern Mexico, with Sonora alone accounting for 80% of the country's copper output . . . Not many realize it, but Peter is largely behind most of what's advanced in Mexican mining over the past three decades. He committed to Mexico back when the rest of the industry steered clear of it, put off by the country's shortsighted and damaging policies."

"The Adelita copper project is his pet venture. It's now wholly held by Algo Grande, a fledgling company that only acquired Adelita about a year ago. The deal they struck was remarkable — essentially an all-stock arrangement to take 100% of the 5,895-hectare property in Southern Sonora, with only a modest cash component," Moriarty wrote.

Moriarty said he has remained interested in Algo Grande since it acquired Adelita and has become increasingly optimistic about the project. "I'm in love with the story. I had an hour-long call with management a couple of months ago, but held off writing anything until they'd actually launched the pivotal 8,000-meter Phase II work. Phase I offered strong hints of a sizable deposit; Phase II could outline a district-scale copper play. My sense is that most resource investors keep their eyes on gold and silver, both of which have bounced around lately, while copper has quietly climbed to the steepest price ever recorded."

On April 2, Robert Sinn of Goldfinger described the company as having "tier-one technical backing," pointing to the involvement of Peter Megaw of MAG Silver and Raymond Jannas of ATEX Resources, both of whom have been involved in significant exploration programs. Sinn also highlighted Algo Grande's high-grade copper discovery, several skarn zones, the possibility of a deeper porphyry system and opportunities to expand the project as attributes that could draw investor interest.

¹Algo Grande Copper attracted the attention of technical analyst Stewart Thomson on Feb. 17, when he gave the company a "Speculative Buy" rating and established short- and long-term price targets of CA$1 and CA$6, respectively.

AI's Need for Electricity Is Reshaping the Copper Market

Copper prices climbed to their highest level in more than six months Monday as traders focused on tightening availability at the London Metal Exchange, where warehouse inventories have fallen to their lowest point since February, according to a report by Pratima Desai for Reuters that was published by ZAWYA on August 17.

Benchmark copper gained 0.9% to US$14,290 per metric ton at 0923 GMT after reaching an earlier high of US$13,396, the report noted. The metal, widely used in power infrastructure and construction, previously established a record high of US$14,527.5 in January.

Copper stocks held in LME-approved warehouses have dropped by half since May to below 210,000 tons as traders transferred material to the United States in anticipation of possible tariffs on refined copper imports, Desai wrote. Cancelled warrants, which represent metal designated for removal from the exchange's warehouse network, accounted for 50% of stocks, pointing to the possibility of further inventory withdrawals.

"Although the official data is not yet published, we expect to see record high imports for July. They've been high all year," said Albert Mackenzie, analyst at Benchmark Mineral Intelligence, according to the article.

A January 2026 study from S&P Global, "Copper in the Age of AI: The Challenges of Electrification," shows how the electricity buildout behind artificial intelligence is reshaping the copper market.

The study projects global electricity demand rising nearly 50% by 2040 — the equivalent of adding roughly 330 Hoover Dams' worth of capacity each year — and copper demand climbing about 50% to 42 million metric tons over the same span. Supply, by contrast, is set to peak in 2030 at 33 million tons, leaving a projected deficit of 10 million tons by 2040, or about 25% below demand, even after recycled copper scrap more than doubles.

AI and data centers are a central new driver in that math. S&P Global expects total installed data-center capacity to reach roughly 550 gigawatts by 2040 — more than five times its 2022 level — and estimates that AI/data-center demand and defense demand will each roughly triple by 2040, together adding about 4 million tons of copper consumption.

"Economic demand, grid expansion, renewable generation, AI computation, digital industries, electric vehicles and defense are scaling all at once — and supply is not on track to keep pace," said S&P Global Vice Chairman Daniel Yergin, who co-chaired the study. "At stake is whether copper remains an enabler of progress or becomes a bottleneck to growth and innovation."

Closing that gap is a slow proposition: the study notes it takes 17 years on average for a new copper mine to advance from discovery to production, and warns that without significant investment, primary supply could actually slip to 22 million tons by 2040 — a million tons below today's output. The report calls the shortfall a "systemic risk for global industries, technological advancement and economic growth," framing domestic copper development as an increasingly strategic priority.

Ownership and Share Structure²

Algo Grande Copper Corp. has a market cap of CA$24.88 million, with 42.34 million shares outstanding. The company's 52-week range is CA$0.35-CA$1.00. Institutions own 8% of shares, while Management & Insiders own 40%. The remaining 52% of shares are held by Retail. 

Common Investor Questions

What did Algo Grande announce? On August 14, 2026, Algo Grande Copper Corp. (ALGR:TSX.V) launched a non-brokered private placement to fund continued and expanded exploration at its wholly owned Adelita project in Sonora, Mexico, where two drill rigs are turning at the Cerro Grande target in an ongoing Phase 2 campaign.

What are the terms of the financing? Up to 5 million common shares at CA$0.60 each for gross proceeds of as much as CA$3 million. Proceeds go toward continued exploration at Adelita plus operating expenses and general working capital. Some insiders are expected to participate, which could make it a related-party transaction under MI 61-101 — though Algo Grande plans to rely on the standard valuation and minority-approval exemptions.

Why raise money now? CEO Enrico Gay says the Phase 2 results to date give the company "confidence to expand our exploration program," having gone "from a data package to a fully staffed team on the ground" in under a year. Raising at CA$0.60 — roughly the market price — funds the momentum without waiting on assays.

What's the drilling status? Two rigs are active at Cerro Grande. Hole 2 outlined 68.77 meters of visually copper-bearing core over a 154.4-meter span (more than double the prior update) and has reached 424 of a planned 700 meters; Hole 3 hit a combined 73.91-meter interval (37.42 meters visual core) and, at ~105 meters above the Phase I discovery hole, points to vertical continuity, with the system still open at depth past 239.65 meters.

When do assays come? The first Hole 2 core reached ALS's Hermosillo lab on August 7, and Gay expects assays "to start coming out in the next few weeks." Note the current figures are visual logging only — no assays or true widths yet.

Why is the copper backdrop a tailwind? Copper is at a six-month high on tight LME inventories (lowest since February) as metal moves to the U.S. ahead of possible tariffs. Longer term, an S&P Global study projects copper demand rising ~50% to 42 million tonnes by 2040 while supply peaks in 2030 — a ~10-million-tonne deficit — driven substantially by AI data centers and grid electrification, which S&P calls a "systemic risk."