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The World Needs More Copper.
The Market Needs More Discoveries Like This.
Copper is the backbone of the modern economy — from EV batteries to AI data centers to the power grids being rebuilt across the developed world. Demand is accelerating. Supply is not keeping pace. And meaningful new discoveries are becoming increasingly rare.
That’s exactly the backdrop against which Algo Grande Copper Corp. (TSX-V: ALGR | OTCQB: ALGRF) is advancing the Adelita Project — an emerging copper-silver-gold system in Sonora, Mexico’s most prolific copper-producing state — backed by one of the most credentialed geological teams in the junior mining space.
Phase-1 drilling confirmed high-grade mineralization. Phase-2 — 8,000 meters, fully funded, multi-rig — is underway.
The discovery curve is just beginning.
Scroll down to see why some of the most experienced geologists in the business are putting their names behind Adelita.
Why ALGR Deserves a Closer Look
District-Scale Land Package in a Tier-1 Belt — ~6,000 hectares in Sonora’s Arizona-Sonora Copper Belt — a corridor that hosts some of the largest copper mines in North America.
High-Grade Results Already in Hand — Phase-1 confirmed five stacked skarn horizons including 18.2m @ 1.8% CuEq — with the system open at depth and along strike.
Consistent Cu-Ag-Au Mineralization — 57m above 1.8% CuEq between multiple intervals, confirming a vertically stacked high-grade skarn system.
Multi-Target Potential, Not a One-Zone Story — A second skarn at Potrero South — 300m of surface exposure, up to 3.06% Cu, never drilled — plus four additional emerging targets across the corridor.
Fully Funded Phase-2 Drill Program Underway — 8,000 meters, two rigs, ~30 drill pads — funded by a C$6.5M financing completed February 2026. No capital risk to execution.
Exceptionally Clean Share Structure — ~43 million shares outstanding. Zero warrant overhang. Founders escrowed and aligned. Rare discipline for a junior at this stage.
Sub-C$30M Market Cap at the Start of the Discovery Curve — Meaningful re-rating potential if Phase-2 delivers continuity and scale across the 6-km mineralized corridor.
Copper-Silver-Gold in Mexico
TSX-V: ALGR | OTCQB: ALGRF
The Most Advanced High-Grade Copper-Silver-Gold Skarn in Sonora, MX
Anchored by the Adelita Project
in Mexico’s Top-Tier Copper Belt
— Key Entry Below US$1 Per Share —
COPPER-SILVER-GOLD SYSTEM
TAKING SHAPE AT ADELITA
High-Priority Targets Advancing
Across an Expansive Mineralized Footprint
— Fully Funded Phase-2 Drilling Commenced in June 2026 — First Results Expected in July —
Click Here to Read Sponsor Disclosure
Algo Grande Copper Corp.
New Copper-Silver-Gold Discovery Emerging
in Arizona-Sonora Copper Belt
Copper has solidified its position as the most critical metal of the modern economy as the rise of energy-hungry AI data centers, accelerating EV adoption, and the overhaul of outdated power grids worldwide drive massive electricity demand.
Copper — often referred to as the “red metal” — sits at the center of it all.
For decades, copper supply chains were largely invisible to the end user. The phone, the car, the power grid — they simply existed with little thought given to where the underlying materials actually came from.
That’s now changing. As demand accelerates and supply struggles to keep pace, new copper discoveries of scale are becoming increasingly critical.
As timelines stretch — whether for electric vehicles, infrastructure, or data center buildouts — the reality is becoming impossible to ignore: without major new sources of copper, modern systems simply don’t scale.
In that sense, copper is no longer just an industrial metal — it’s a critical building block for the systems driving the global economy.
Despite rising demand, major new copper discoveries remain scarce.
Part of the challenge is structural. The easy deposits have largely already been found. Remaining deposits are often deeper, more complex, and more expensive to explore and develop.
As a result, the industry is facing a critical reality: future supply will increasingly depend on new discoveries — and there are not enough being made today to meet projected demand.
That’s exactly why the emerging copper-dominant discovery being advanced by Algo Grande Copper Corp. (TSX-V: ALGR)(OTCQB: ALGRF) — which fittingly translates to “Something Big” — is beginning to attract increased industry attention.
The company’s 100%-owned Adelita Project, located in Sonora, Mexico, sits within the prolific Arizona-Sonora Copper Belt — one of the most productive copper regions in North America.
Ongoing exploration and drilling at Adelita are demonstrating the potential for a much larger copper-silver-gold system than originally recognized.
Just as importantly, Adelita is being advanced by a technical team with a track record of major discoveries across some of Mexico’s most prolific mineral belts, backed by a deliberate, ground-up approach.
In fact, before acquiring Adelita, the team first ensured that local communities supported exploration efforts — a step Algo Grande CEO Enrico Gay, who you’ll hear from in our exclusive interview ahead, has emphasized as essential from day one.
That approach reflects a broader shift across today’s mining industry. Community alignment is no longer secondary — it is often the first hurdle that must be cleared before a project can advance.
In many cases, projects with strong geology fail without it. Securing that alignment early can significantly reduce long-term development risk.
There is also a generational element to the Adelita story with the company combining experienced geological insight with a modern, data-driven approach to exploration and targeting.
Increasingly, state-of-the-art exploration is not about drilling more holes — it’s about drilling “smarter” holes.
To that end, Algo Grande is leveraging advances in geophysics, 3D modeling, and data processing to de-risk targets at Adelita in support of ongoing Phase-2 drilling.
That approach is improving the probability of success and helping shape the early stages of what may be a much larger discovery with drilling to date already expanding the footprint of the Adelita discovery.
Momentum Accelerates with Commencement of Fully Funded Phase-2 Drill Program
Phase-1 drilling at the Cerro Grande discovery has now been completed with initial assays confirming high-grade copper-silver-gold mineralization and supporting an emerging multi-horizon skarn system.
At the same time, exploration across the broader property is defining additional drill targets, suggesting the system may hold multi-deposit potential.
Several important developments are now driving the story forward as drills turn on Phase-2:
- Successful phase-1 drilling completed at the Cerro Grande skarn target confirming high-grade copper-silver-gold mineralization, including 1.8% copper-equivalent (CuEq) over 18.2 meters
- Consistent Cu-Au-Ag mineralization with 57 m above 1.8% CuEq between multiple intervals, confirming a vertically stacked high-grade skarn system
- New skarn discovery identified at the Potrero South target
- LiDAR survey now complete with final high-resolution data processing and deliverables pending
- License-wide drone magnetic survey 100% complete
- District-scale soil sampling program completed with 1,685 samples collected across approximately 8 sq km
- Approximately 8,000 meters of fully funded Phase-2 drilling ongoing across multiple high-priority targets
Taken together, these developments point to a polymetallic system extending well beyond a single discovery zone, representing what may soon prove to be the early stages of a district-scale system.
CEO Enrico Gay describes the evolving exploration picture this way:
“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. The new skarn zone discovered has never been drilled and represents a new high-grade copper-silver-gold opportunity, three km away from Cerro Grande.”
If that interpretation proves correct, Adelita could represent the early stages of a large, multi-deposit, high-grade copper-dominant discovery in one of the most prolific mineral belts in North America.
With Phase-1 drilling now complete — and with a multi-rig, 8,000-meter Phase-2 drill program underway targeting both the Cerro Grande expansion and the broader 6-km mineralized corridor — the full Adelita story is only just beginning to unfold.
Adelita Project: A New Copper-Dominant
System Emerging
Early drilling and new discoveries are expanding the footprint
of Algo Grande’s flagship copper-silver-gold project
At the center of Algo Grande’s exploration story is the 100%-owned Adelita Project, a large and compelling copper-silver-gold system located in Sonora, Mexico.
Covering approximately 6,000 hectares, Adelita sits within the prolific Arizona-Sonora Copper Belt — a geological corridor hosting numerous major copper deposits across northern Mexico and the southwestern United States.
Importantly, the project is fully permitted, with drills turning now, including a long-term underground mining license covering the Cerro Grande skarn — a rare advantage at this stage of exploration.
The property is anchored by the Cerro Grande copper-silver-gold skarn discovery where drilling and surface exploration are expanding the known mineralized footprint.
At the same time, prospecting and geological mapping across the broader land package are identifying additional targets as part of an emerging multi-center, multi-skarn mineralized system.
What’s particularly intriguing is the growing evidence that mineralization at Adelita may be part of a broader skarn-porphyry system — a setting often associated with large, long-lived mineralized districts.
The company’s 8,000-meter Phase-2 drill program is now underway across multiple target areas with Major Drilling Group International Inc. at the helm.
Adelita at a Glance
- 5,895-hectare land package in Sonora, Mexico
- Located within the prolific Arizona-Sonora Copper Belt
- Anchored by the Cerro Grande Cu-Au-Ag skarn discovery
- Mineralized corridor extending more than six kilometers
- Multiple exploration targets emerging across the property
- LiDAR survey complete; drone magnetic survey 100% complete; district-scale soil sampling complete; Phase-2 drill program underway
These elements outline the framework of a potentially large, high-grade polymetallic mineralized system.
Importantly, exploration at Adelita remains in the early stages with significant discovery potential still ahead.
The turning point came with the discovery of high-grade copper at the Cerro Grande skarn zone — representing only around 5% of the total land package — where drilling is now beginning to define the scale and continuity of the system.
Cerro Grande Discovery
The Cerro Grande copper-silver-gold skarn discovery has emerged as the primary focus of exploration and a key driver of Algo Grande’s growing footprint at Adelita.
Initial work has identified high-grade, copper-dominant mineralization at surface along a folded limestone unit — a classic geological setting for skarn deposits throughout the Arizona-Sonora Copper Belt.
Importantly, high-grade, multi-metal systems have become even more critical in today’s higher input-cost environment.
As deposits become deeper and more capital-intensive to develop, higher grades can materially improve project economics by reducing the amount of material needed to recover the same amount of metal.
That dynamic is one reason why high-grade polymetallic discoveries in Tier-1 jurisdictions — especially those with surface exposure — continue to attract strong market interest.
Highlights from the recently completed Phase-1 program at Adelita include the confirmation of five stacked, high-grade skarn horizons at Cerro Grande — including three newly delineated high-grade zones — with mineralization extending from surface to depths approaching 390 meters and more than 70 meters of cumulative mineralization intersected.
Assay results have further validated the system, including 18.2 meters grading approximately 1.8% copper equivalent (CuEq), along with additional high-grade copper-silver-gold intervals such as 14.79 meters grading 1.4% copper, 0.5 g/t gold, and 20 g/t silver, and 9.55 meters at 1.4% copper, 0.4 g/t gold, and 41.8 g/t silver.
Current geological modeling at Cerro Grande suggests a deeper copper-rich core, providing a clear vector for the newly-launched 8,000-meter Phase-2 drill program. Initial drilling will focus on both sides of the Cerro Grande skarn target area to test extensions of the emerging high-grade polymetallic system.
Importantly, the system remains open at depth and along strike, leaving significant room for expansion with LiDAR and drone magnetic survey data expected to help define step-out targets along the broader mineralized corridor.
Evidence of a Much Larger Mineralized System
As Phase-2 drilling kicks-off, the picture is coming into sharper focus.
What initially appeared to be a single skarn occurrence is now revealing itself as a stacked, multi-horizon mineralized system extending both vertically and laterally within the host limestone unit.
Phase-1 drilling confirmed multiple high-grade skarn horizons within the same structural corridor, indicating the hydrothermal system responsible for mineralization was active over a prolonged period.
This type of geological setting is commonly associated with larger, more robust mineralized systems.
As noted, drilling to date has outlined five mineralized skarn horizons — including more than 70 meters of cumulative mineralization and 36 meters grading above 1% copper — with mineralization extending at depth and along strike.
The results suggest Cerro Grande is part of a larger, evolving mineralized system, rather than a single isolated zone, with additional discoveries already supporting that interpretation.
As CEO Enrico Gay explains:
“Following the success of our maiden drill program, our focus is now on systematically scaling the Adelita system. The drone magnetic survey is particularly important, as it allows us to map magnetite-rich skarn horizons along strike and target step-outs beyond the currently defined 300-metre zone at Cerro Grande. Equally, the LiDAR survey is critical in what we interpret to be a structurally controlled system, as it will enhance our ability to identify and track the key structures responsible for mineralization. Together, these datasets position us to define high-confidence drill targets as we advance toward our Phase-2 drill program in Q2 2026.”
As noted, that Phase-2 program is now underway.
And tThe growing body of structural, geophysical, and geochemical data now points to something deeper: a potential underlying porphyry system driving mineralization across the broader Adelita property.
In particular, this kind of vertical continuity — from near-surface skarn to deeper porphyry — is often a hallmark of large-scale copper systems.
A New Skarn Discovery at Potrero South
While drilling at Cerro Grande continues to expand the original discovery, exploration across the broader property is now uncovering additional mineralized centers.
A significant recent development is the discovery of a new skarn occurrence at the Potrero South target, located approximately 3 km south of Cerro Grande.
Surface work has outlined more than 300 meters of mineralized exposure, confirming the system extends well beyond the initial discovery area.
Importantly, this area has never been drill tested — making it a priority Phase-2 target with ongoing geophysical and geochemical programs expected to refine drill positioning across this newly defined zone.
Rock sampling has returned encouraging copper, gold, and silver values, reinforcing the interpretation that the same mineralizing system may extend across a broader footprint.
Potrero South Highlights
- New skarn occurrence located ~3 km south of Cerro Grande
- More than 300 meters of mineralized surface exposure
- Rock samples returning up to 3.06% copper
- Gold values up to 3.72 g/t Au
- Silver values up to 232 g/t Ag
- Priority target for the newly-commenced 8,000-meter, multi-rig Phase-2 drill program
The identification of a second skarn zone in close proximity to Cerro Grande further supports the interpretation of a multi-center mineralized system as opposed to a single isolated occurrence.
Multiple Targets Emerging Across Adelita
As exploration expands beyond Cerro Grande and Potrero South, Algo Grande is identifying additional targets across the property with copper mineralization confirmed in multiple areas, reinforcing the view that Adelita may host a broader, district-scale system.
These targets are being defined through surface prospecting, geological mapping, historical data review, and modern targeting techniques.
Several targets already show encouraging copper, gold, and silver mineralization at surface.
Emerging Targets Across Adelita
- Las Tablas – mapped skarn with nearby samples exceeding 0.75% copper
- Cerro Potrero – rock samples exceeding 1% copper across a 1.2 km trend
- Cerro Potrero South – extension of prospective contact along 1 km strike
- Mezquital – copper-bearing float and tourmaline-rich breccia
- Las Trancas – historic trenching returned 9.5 meters grading 16.4 g/t gold and 1.9% copper
Geophysical and geochemical programs have refined target selection with several already prioritized for drill testing in the current Phase-2 program — positioning Adelita at the forefront of a new wave of copper discoveries in an increasingly supply-constrained market.
World-Class Geological Minds.
A Young Team Built to Execute.
What sets Algo Grande apart isn’t just the geology — it’s who is reading it.
Dr. Peter Megaw — Senior Technical Advisor
Co-founder of MAG Silver | Credited with the discovery of Juanicipio, one of the largest silver mines in the Western Hemisphere
Peter Megaw has spent decades advancing discoveries across Mexico’s major mineral belts — discoveries that have collectively generated billions in value. He doesn’t lend his name lightly. His involvement at Adelita reflects genuine conviction in the geological model taking shape at Cerro Grande and across the broader corridor.
► Watch Peter Megaw speak on the Adelita Project: https://www.youtube.com/watch?v=41FhLqrpOi4
Raymond Jannas — Chairman
40+ years in porphyry copper-gold systems | Contributions to Pascua-Lama, El Morro, and Valeriano
Raymond Jannas is one of the most respected economic geologists working in the porphyry copper space. His career spans some of the most significant copper-gold discoveries of the past four decades. As Chairman, he provides the strategic geological framework that guides how Adelita’s skarn-porphyry system is being interpreted and targeted.
A Young Management Team Built for This Market
Complementing the senior geological firepower is a lean, driven management team led by CEO Enrico Gay and VP of Exploration João Rocha — both deeply invested in the project and aligned with shareholders from day one.
This team combines modern exploration technology — 3D modeling, AI-assisted targeting, LiDAR, drone magnetics — with the hard-won geological intelligence of advisors who have been working these belts for generations.
The result: smarter targeting, faster execution, and a higher probability of success at the drill bit.
► Phase II Investor Webinar: https://www.youtube.com/watch?v=tF1BMfehQBM
Copper’s Supply Crunch and
the Next Discovery Cycle
Copper demand is accelerating across the global economy.
Power grids are expanding. Electric vehicles are multiplying. Renewable energy infrastructure is scaling at an unprecedented pace.
At the same time, the rapid buildout of energy-hungry AI data centers is driving enormous increases in electricity demand — with copper as the key metal for transmitting that power.
Put simply, the modern economy is becoming increasingly copper intensive.
While demand is surging, meaningful new copper-dominant discoveries remain scarce — a view shared by many of the most experienced geologists in the sector.
Dr. Peter Megaw — co-founder of MAG Silver and lead technical advisor to Algo Grande — has spent decades working across Mexico’s major mineral belts and has been directly involved in polymetallic discoveries that have gone on to generate billions in value.
In his view, amid this dearth of new discoveries, the world is entering a period where significantly more copper will be required — placing increased importance on high-quality exploration projects in proven districts, particularly those with multi-target potential like Adelita.
As noted, the vast majority of the world’s largest copper deposits were discovered decades ago and are now facing declining grades and rising costs. Coupled with constrained supply, it’s easy to see why Adelita is attracting increased industry attention.
João Rocha, Algo Grande’s VP of Exploration, is in lockstep with that view:
“Copper demand is growing by the day… and we don’t have enough discoveries to feed this need that will happen in the next few years.”
The bottom line is that the widening gap between rising demand and limited discovery is becoming a defining challenge for the sector.
The scale of that widening supply-demand gap is massive.
Current and planned copper mines are projected to meet only about 70% of global demand by 2035 — leaving a steep structural shortfall with no clear pipeline of new supply. With new mines taking nearly two decades to build, the industry is simply not positioned to respond in time.
That reality places a premium on new discoveries, particularly in proven copper belts in safe, Tier-1 jurisdictions such as North America where geological potential remains underexplored.
Why Copper Is Back in Focus
- EV and battery demand accelerating
- Renewable energy and grid investment surging
- AI data centers driving unprecedented electricity demand
- Large copper discoveries becoming increasingly rare
- Competition for long-term copper supply intensifying
As a result, copper prices are hovering near record highs above US$6/lb, reflecting a market that is increasingly aware of the structural supply gap taking shape.
Against that backdrop, discoveries of scale are becoming increasingly valuable as larger mining companies look to secure future copper supply through acquisitions and partnerships with early-stage explorers.
Algo Grande’s work at Adelita is defining the early stages of what may prove to be a district-scale copper system in one of the world’s most important copper-producing regions — one that could attract broader strategic interest as Phase-2 and follow-up drilling advance.
With an 8,000-meter, multi-rig Phase-2 drill program now underway, the project sits firmly in the early stages of the discovery curve where the largest gains are often made.
For more on how this polymetallic system is evolving, our own Gerardo Del Real of Resource Stock Digest sat down with Algo Grande CEO Enrico Gay for an exclusive conversation on Adelita and the strong tailwinds forming in the broader copper market.
Exclusive Interview with
Algo Grande Copper CEO Enrico Gay
Our own Gerardo Del Real of Resource Stock Digest caught up with Algo Grande Copper CEO Enrico Gay for a timely and wide-ranging discussion on the rapidly evolving Adelita copper-silver-gold system and the strategy driving the company’s next phase of growth amid a rising copper market.
With Phase-1 drilling now complete and a multi-rig, 8,000-meter Phase-2 program underway, the story is quickly transitioning from early validation to systematic expansion across what is increasingly shaping up as a district-scale discovery.
You’ve met CEO Enrico Gay, who brings over a decade of capital markets experience. He played a key role in the reactivation of Algo Grande, the acquisition of the Adelita Project, and the company’s recent financings, including the C$6.5 million private placement completed in February 2026. Enrico combines a strong capital markets background with a clear focus on disciplined execution as the company advances its flagship asset via the drill bit.
We also introduced you to VP of Exploration João Rocha, an exploration geologist with more than a decade of international experience advancing precious and base metal systems across multiple jurisdictions. João leads the technical strategy at Adelita, applying modern exploration techniques and data-driven targeting to maximize the probability of success across the broader mineralized system.
Supporting the team is Chairman Raymond Jannas, a highly respected economic geologist with more than 40 years of experience in porphyry copper-gold systems. His career includes contributions to major discoveries such as Pascua-Lama, El Morro, and Valeriano. He now provides strategic geological guidance as Algo Grande advances Adelita.
Also advising the company is Dr. Peter Megaw, a globally recognized geologist and co-founder of MAG Silver. His track record includes multiple major discoveries across some of the world’s most prolific mineral belts — including in Mexico — highlighted by the world-class Juanicipio silver deposit. His deep regional expertise adds another layer of confidence as the geological model at Adelita continues to evolve.
Together, the team brings a compelling blend of capital markets discipline, technical depth, and real-world discovery experience — the exact combination needed to advance the multi-target Adelita copper-silver-gold system in one of North America’s premier mineral belts.
You can meet the rest of the highly adept Algo Grande team here.
Let’s dive in as Enrico Gay outlines the strategy behind Adelita, the significance of recent discoveries, and what speculators can expect as the company revs up the drills in Phase-2.
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is Algo Grande Copper CEO Enrico Gay.
Enrico, it is a pleasure to have you on. You and I had the opportunity to meet at VRIC (Vancouver Resource Investment Conference), and I’m glad we had a chance to connect because I think Algo Grande Copper is shaping up to be a compelling copper-gold story here in 2026. How are you doing today?
Enrico Gay: I’m doing well, Gerardo. Thank you so much for having me on.
Gerardo Del Real: Let’s get right to it. I want the audience to understand a bit about your background because you have that unique mix — you and the team do — of capital markets experience and a deep technical team, which I think is going to serve the project and the portfolio extremely well in 2026.
We’re already seeing evidence of that in prior news releases, so we can get to that in just a second. But first and foremost, tell me about your background, and let’s talk a bit about the team.
Enrico Gay: Yes, I appreciate that. My background is mixed. I like to call myself a businessman because I did a lot of real estate development transactions. I dealt with rezonings earlier in my career. I’ve always been an investor in exploration companies and mining.
I have a very strong thesis on precious metals, base metals, and why hard assets are making a comeback. Two years ago, I partnered with European geologist and current VP of Exploration, João Rocha.
We started going after copper projects, and we wanted something that was going to be high-grade and fit to be in the hands of a junior. We structured Algo Grande Copper around that and ultimately completed the acquisition of Adelita in Sonora, Mexico.
The team is well diversified with a good mix of the old and new guard. What I mean by that is we have guys like Peter Megaw as Senior Technical Advisor. Peter doesn’t need an introduction in mining circles, as he is credited with the discovery of Juanicipio, one of the largest silver mines in the Western Hemisphere.
Gerardo Del Real: In my home state of Zacatecas.
Enrico Gay: That’s right — the Silver State. We have a couple of other partners of his on the geological side that are also in their sixties and seventies — gentlemen who know the geology at Adelita extremely well and know this part of Sonora extremely well.
Then, we have the younger team, which is more on the operations side. I think it brings a really good mix of ambition, work ethic, and relentless work hours that maybe some of the older guys are not willing to do.
And also the ability to utilize the latest technology — 3D models, etc. — to work with the intelligence that’s been gathered over many years from the older generation, while looking at everything through that 3D modeling lens and utilizing tools like AI to increase our chances of success.
We have a great team, and we’re always going to be looking to make the team even better, but I’m really happy with where we are right now.
Gerardo Del Real: As you know, I am big on share structure. I was taught: share structure first, then people.
One of the things that really sticks out to me is how solid the Algo Grande share structure is. Can you speak to that? Because there are not a lot of companies out there that have the type of asset and the type of team that you have — and a share structure that’s as clean as Algo Grande’s.
Enrico Gay: I feel the same way. Obviously, a good project, good licenses, and good geology are important. But if the structure is not right, and if the insiders are not aligned with the founders, that can create a problem.
In our business, you often see the people that put the deal together sort of disappear or step into the background. That’s not the case here.
We put the deal together, we all stepped in as directors, and we’re leading the company. We know how important the structure is. That’s why we’ve implemented a zero-warrant policy, at least for the beginning stages of the company. We’ve had no warrants assigned to any of our private placements.
Currently, the structure is ~43 million shares outstanding with no warrant overhang. We did a subscription receipt financing when we bought the project last year. We raised C$3.8 million at C$0.375, which resulted in roughly 12 million shares being issued in that round.
Then, we did a follow-up in February of this year. We raised another C$6.5 million, and that was another 10 million shares, plus the 16.6 million shares that were previously legacy. That was the founder round where my partners and I took a position in the company.
So yes, the structure is very good, and we’ll continue on that path. I think it’s extremely important.
Gerardo Del Real: My understanding is that those founder shares — the initial seed round — are escrowed, correct?
Enrico Gay: Yes, we put a two-year escrow on those. So 10% became free trading upon reactivation, which happened in December of 2025, and then 15% every three months — so every quarter.
Gerardo Del Real: Let’s talk about the land package. You have nearly 6,000 hectares at Adelita. It’s a district-scale copper opportunity with both high-grade skarn and porphyry potential.
This was another good insight that you provided for me when we spoke in Vancouver. I asked you how you were going to approach the skarn and the porphyry potential because, as you know, as a young company with a great share structure, things can become dilutive quickly if you’re drilling those 700 to 800 meter holes while trying to chase the porphyry. And it really limits the shots on goal.
I would love for you to explain to the audience how you’re approaching Adelita and why this is the project you decided to invest your capital, your time, and your efforts into.
Enrico Gay: Absolutely. The number one reason we bought the project was what we saw as the potential for a significant, scalable, high-grade copper deposit — that’s the skarn part of the project. And that’s still our number one objective: to focus on the multiple skarns along this 6-km-long limestone corridor.
When we looked at the historic drill data and the overall data on the project, we saw that, for example, the project was never drilled with oriented core. This is pretty pivotal when you’re trying to understand the structure — especially a tricky structure. As they say, skarns are not easy to delineate; they often have odd shapes.
We saw lots of gaps like that. Also, we have a very magnetite-rich, two-layer skarn system — the closest one to surface. And you would expect a detailed mag survey would be conducted right over top of this skarn zone… but that was never done.
That’s what we’re doing now. We’re drilling with oriented core. Typically, people in the market think skarns can’t be of size. We’re hopeful we’ll prove people quite wrong and that the Cerro Grande skarn flagship discovery can be much bigger.
Next, we’ll set out to delineate a number of other satellite skarns along that 6-km-long corridor. That’s the number one objective: focus on the high-grade, very leveraged type of discovery to the price of copper — especially if we see a move in the copper price.
Ultimately, as we build our market cap — because right now we’re only at about C$30 million — and as the market begins to value our high-grade skarn component, and we gather more data on the porphyry, we may then go out and prove that the porphyry is there and determine its grade.
Ideally, we’ll focus on the porphyry resistivity target that sits right below the high-grade skarn because, obviously, that would make it most economical for a major if they want to take us over.
You’d have a high-grade skarn starting from surface all the way down to, as far as we know, 400 meters and still open at depth. Then, you may have your porphyry starting right around that at 350 to 400 meters depth.
Having that stacked system might prove pretty economical. I’m not making any suggestions because I don’t have all of the data with me right now but that’s how we’re looking at it. We’re going to take our time as we advance the porphyry.
And if we’re going to prove out the porphyry — because there are two porphyry targets — it’s most likely that the one sitting right underneath the skarn system is a possible feeder zone.
Gerardo Del Real: Talk to me about the location and the infrastructure. You happen to be in Sonora, which has an abundance of not just copper deposits, but smelters and operating mines, and a lot of access to talent, which is becoming more and more critical in this space.
Tell me how your experience has been in Sonora and what the infrastructure looks like on the project.
Enrico Gay: Yes, our experience in Sonora has been phenomenal. I’ll start from the ground up beginning with our ability to get land use rights agreements with the community. We have two First Nations communities on our project, both of which want to work with us.
We renewed and reengaged with the communities to get the social license. We employ them at the site — whenever we have labor and things that we can do with them, they’re happy to work with us.
So I think the community has mining deeply embedded in their culture. It’s not overly difficult for them to understand the difference, for example, between exploration and mining — they already know.
When it comes to permitting, we got our drill permits, and the turnaround was one month. We submitted the drill permit and environmental application in July of 2025, and we got them in August. It doesn’t get much better than that.
Infrastructure-wise, we’re right beside the Alamo Dorado mine owned by Pan American Silver. There’s a road that takes you right into Alamo. They were using that road for their operation so it’s a great road that essentially leads right to our project.
On a bigger scale, you have the Port of Guaymas — that’s the deepwater port where 80% of the copper produced in Mexico makes its way to Asia. You have some of the largest copper mines in the world up north in La Caridad and Buena Vista.
Again, it doesn’t get much better than this. This is a true mining state.
Gerardo Del Real: You mentioned having those permits. You mentioned the geology, the approach with the skarn, the share structure, and the team. What comes next?
Enrico Gay: What comes next is our newly-launched Phase-2 drill program. We bought the project in December of last year. I hope the audience recognizes our ability to quickly turn around a Phase-1 program.
There was less than a three-month turnaround from buying the project to completing Phase-1, which was 2,000 meters of drilling. That’s very positive. We actually delineated three new high-grade skarn horizons during that program.
Phase-2 is going to be very exciting. We’ll have the detailed drone magnetic survey, plus everything we’ve learned from Phase-1. We’re now drilling 8,000 to 10,000 meters with about 50% of those meters focused on the flagship skarn zone at Cerro Grande.
The remainder will be along the 6-km-long corridor where there’s another skarn located about 3 km away that’s outcropping for 300 meters with no prior drilling. We took surface samples there as high as 3% copper.
We’re excited to start proving out the thesis that there are multiple pods there in our Phase-2, multi-rig program. Those are the main catalysts coming up.
Gerardo Del Real: You talked about the three previously unrecognized skarn zones. I want to highlight some of the numbers from the results from Phase-1 because it’s not just copper. You also have gold and silver.
You hit 14.79 meters of 1.4% copper, 0.5 g/t gold, and 20 g/t silver. There was another hit of 9.55 meters at 1.4% copper, 0.4 g/t gold, and 41.8 g/t silver.
It sounds to me like you want to prove both continuity and scale in your Phase-2 program. You clearly have a fertile mineralized system that’s considered high-grade — but it sounds like you want to prove the continuity. Is that an accurate assessment?
Enrico Gay: That’s 100% accurate. The way the skarn is, it’s actually multiple skarns. If you were to add up the intervals, right now our biggest continuous interval is roughly 20 meters.
When you group them all together, we have up to 70 meters of mineralization averaging roughly 0.7% copper. We want to continue to delineate this 70-meter zone and find the areas where the high-grade skarn horizons are going to converge because that’s going to give us the greatest thickness.
We’re going to chase that along this 300-meter historical zone. We also want to step outside that zone, and we believe the magnetic survey will help us do that.
Gerardo Del Real: One of my favorite things is bringing stories to the audience early. You have a lot of catalysts, a great share structure, a solid treasury, and a great team. You also have a tiny market cap of around C$30 million.
I believe there’s a lot of runway if you’re able to continue to deliver with the drill bit. Enrico, anything else to add to that?
Enrico Gay: The last piece would be that we’re relatively young people in the sector, and we are trying to make a name for ourselves. I think that’s an important point because we have everything on the line here. We’re very aligned with shareholders… so we take this very seriously.
Gerardo Del Real: I appreciate the time. I’m looking forward to having you back on to talk geophysics and next steps. Thank you again, Enrico.
Enrico Gay: Thank you, Gerardo.
The Algo Grande Copper Opportunity
Algo Grande Copper heads into the second half of 2026 at a pivotal moment as drilling activity accelerates at its flagship Adelita Project in Sonora, Mexico.
Recently completed geological, geophysical, and surface programs have successfully expanded the understanding of a broader copper-silver-gold system along a prospective 6-km corridor at the flagship.
With Phase-2 drilling now underway, Algo Grande Copper is set to test and expand that emerging system through its fully funded, multi-rig, 8,000-meter Phase-2 drill program.
Importantly, Algo Grande is entering this next stage of growth from a position of strength.
With approximately 43 million shares outstanding on a non-fully-diluted basis and a market capitalization around C$30 million, ALGR maintains an exceptionally tight share structure, offering meaningful leverage to exploration success in the 2026 copper bull market.
That leverage is supported by a recently completed C$6.5 million financing, providing the capital needed to execute Phase-2 drilling and advance exploration across the broader, still underexplored Adelita system.
As the red metal closes in on all-time highs above US$6/lb — alongside gold above US$4,300/oz and silver north of US$65/oz — the market is placing renewed focus on high-grade, copper-dominant discoveries in proven districts, highlighting the ALGR opportunity.
With those tailwinds in play and multi-rig, multi-target drilling underway, Algo Grande Copper heads into the second half of 2026 with the kind of drill-bit momentum that could, on discovery success, attract increased market attention.
A great place to continue your due diligence is the company’s corporate website where you can learn more about the projects, meet the team, and sign up for direct updates.
View the most recent Corporate Presentation here.
Algo Grande Copper Corp. trades on the TSX-V under the symbol ALGR and on the OTCQB under the symbol ALGRF.
— Resource Stock Digest Research
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