Sonora Copper Explorer Expands Cerro Grande Copper Mineralization in Phase 2

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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.

The global push for copper is intensifying as artificial intelligence infrastructure and electrification drive demand higher, creating a compelling backdrop for exploration companies active in established mining districts. Algo Grande Copper Corp. (ALGR:TSX.V) is advancing its Adelita project in Sonora, Mexico, where Phase 2 drilling is expanding known copper-bearing areas at the Cerro Grande target.

Why Algo Grande Stands Out in a Tightening Copper Market

Algo Grande moved quickly from acquiring Adelita in December 2025 to active drilling in 2026. The company acquired 100% of the project through transactions that were primarily share-based, including CA$100,000 in cash for the 80% interest acquired from Infinitum, with the remaining 20% acquired from Minaurum for shares and a 1% net smelter return royalty.

Bob Moriarty assessed the copper market on June 16 and identified Algo Grande as a company that could contribute to meeting growing supply requirements. Sonora accounts for about 80 percent of Mexico's copper output, and the district has a long history of large-scale production.

Key Investor Takeaways

• Two drill rigs are active at Cerro Grande, with Hole 2 reaching 424 meters of a planned 700-meter depth and Hole 3 advancing past 239 meters.
• Visual logging shows expanded copper mineralization, including 68.77 meters of visually observed copper-bearing core across a 154.4-meter interval in Hole 2 and copper mineralization within a combined 73.91-meter interval in Hole 3, including 37.42 meters of visually observed copper-bearing core.
• First core samples from Hole 2 reached the ALS laboratory in Hermosillo on August 7, with assay results expected to begin arriving in the coming weeks.
• A non-brokered private placement of up to 5 million shares at CA$0.60 aims to raise as much as CA$3 million to fund expanded exploration and working capital.
• Hole 3 remains in copper mineralization at depth, while Hole 2 continues to advance toward its planned 700-meter depth as drilling tests new ground beneath Cerro Grande.
• Copper market fundamentals point to a projected supply deficit of roughly 10 million tonnes by 2040, according to S&P Global, driven by data-center growth and grid expansion.

Unique Technical Backing and Project Advantages

The company benefits from tier-one technical support. On April 2, Robert Sinn of Goldfinger described the involvement of Peter Megaw of MAG Silver and Raymond Jannas of ATEX Resources. Both have track records in major discoveries. The project features multiple skarn zones and indications of a possible deeper porphyry system, with room for expansion across the large land package.

Phase 2 Drilling Catalysts at Cerro Grande

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 2 has outlined broader zones than previously reported, while Hole 3 intersected copper sulfides in garnet skarn approximately 105 meters above earlier Phase 1 mineralization, suggesting vertical continuity. Hole 3 remains in copper mineralization at depth, while Hole 2 continues to advance toward its planned 700-meter depth as drilling tests new ground beneath Cerro Grande.

To support the expanded program, Algo Grande 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, according to an August 13 release. Proceeds will fund continued exploration at Adelita, along with operating expenses and working capital. Some insiders are expected to participate, which may qualify as a related-party transaction under MI 61-101, though the company plans to use available exemptions.

Industry Timing and Copper Supply Dynamics

Copper prices reached a six-month high on tightening inventories at the London Metal Exchange, according to a report by Pratima Desai for Reuters that was published by ZAWYA on August 17. A January 2026 study from S&P Global projects global copper demand rising about 50 percent to 42 million metric tons by 2040 while supply peaks earlier, creating a roughly 10-million-tonne deficit. AI data centers and defense spending are expected to triple their copper consumption over the period, adding significant pressure on supply.

 Perspectives and Valuation Context

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. The current market capitalization stands near CA$24.88 million, providing leverage to positive drill results in a strengthening copper price environment.

Share Structure and Upcoming Events²

Algo Grande Copper Corp. has 42.34 million shares outstanding and a 52-week trading range of CA$0.35 to CA$1.00. Institutions hold 8 percent, management and insiders hold 40 percent, and retail investors hold the remaining 52 percent. Assay results from the current Phase 2 holes are the next major catalyst expected in the coming weeks. 

Common Questions from Investors

What is the current drilling status at Adelita? Two rigs are turning at Cerro Grande. Hole 2 has expanded visual copper zones significantly and is at 424 meters of a planned 700-meter depth, while Hole 3 has intersected broad mineralization and remains open below 239 meters.

When are assay results expected? The first batch of Hole 2 core arrived at ALS Hermosillo on August 7. Results are anticipated to start arriving in the coming weeks, with a steady flow expected thereafter.

How is the financing structured? Up to 5 million shares at CA$0.60 for gross proceeds of as much as CA$3 million. Funds support expanded exploration, operating costs, and working capital, with expected insider participation.

What makes the copper market supportive right now? Tight LME inventories and record projected demand growth from AI and electrification point to structural deficits, according to recent S&P Global analysis.

Retail investors should note that visual core logging provides early indications only, and true widths and grades will be confirmed by assays. The company continues to advance community relationships and infrastructure alongside drilling.

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