Vancouver, British Columbia — December 19, 2025 — Leads & Copy — Algo Grande Copper Corp. has completed the acquisition of 100% ownership of the Adelita Copper-Gold-Silver Project and expects to commence trading under the symbol “ALGR” on the TSX Venture Exchange.
The company acquired an 80% stake in the Project from Infinitum Copper Corp., and the remaining 20% interest from Minaurum Silver Inc. The Project is in the Sonora-Arizona Copper Belt, anchored by the high-grade Cerro Grande skarn discovery. The company anticipates commencing trading under the symbol “ALGR” on Tier 2 of the TSX Venture Exchange around December 23, 2025, pending satisfaction of reactivation conditions.
Algo Grande confirms that the escrow release conditions for the conversion of 10,198,402 subscription receipts of Algo Grande offered at a price of $0.375 per Subscription Receipt, have been fulfilled. Each Subscription Receipt has converted into one common share of Algo Grande in accordance with its terms. The proceeds of the Subscription Receipt financing were being held in escrow pending satisfaction of the escrow release conditions. The proceeds have now been released from escrow and will be used to fund payment obligations and exploration expenditures relating to the Project and for general working capital purposes.
The Adelita Project covers 5,895-hectares and is anchored by the high-grade Cu-Au-Ag Cerro Grande skarn discovery, multiple untested skarn targets along a 6 km corridor, and a 4.5 km porphyry anomaly.
Under the terms of the Infinitum Agreement, Algo Grande acquired EM in exchange for:
- $100,000 in cash; and
- 1,842,719 Shares, which are subject to voluntary resale restrictions with releases occurring over a period of 18 months.
Infinitum will also receive a post-closing payment of an additional 901,600 Shares in connection with the completion of the Financing.
Under the terms of the Minaurum Agreement, Algo Grande acquired the remaining 20% interest in the Project in exchange for:
- 313,953 Shares; and
- a 1% net smelter return royalty from the sale of any ores, minerals, mineral substances, metals, or concentrates derived from the Property.
All securities issued pursuant to the Acquisition are subject to a statutory hold period of four (4) months plus one (1) day from the date of issuance, in accordance with applicable securities legislation.
The completion of the Acquisition was one of the conditions required by the TSX Venture Exchange for Algo Grande’s reactivation from the NEX Board of the TSXV onto Tier 2 of the TSXV. Algo Grande expects to receive final approval of the Reactivation upon completion of the remaining filings with the TSXV. The Shares are expected to commence trading on the TSXV on or about December 23, 2025 under the symbol “ALGR” and Algo Grande’s classification will change from NEX to Tier 2.
As previously announced, Enrico Gay has been named the Chief Executive Officer of Algo Grande. Additionally, Algo Grande welcomes the appointment of Gord Neal to the Board effective on closing of the Acquisition.
The Adelita Project is anchored by the Cerro Grande Skarn discovery, a high-grade copper-gold-silver system that remains open along strike and to depth. The project benefits from more than US$8 million in historical exploration, including ~7,000 metres of drilling, license-wide VTEM, IP, and magnetic surveys, surface sampling, and detailed geological mapping.
Algo Grande is executing a triangulated Phase 1 program that integrates:
- Oriented-core drilling to define structural controls and geometry;
- A detailed ground magnetic survey to map magnetite-rich horizons and intrusive centers;
- A 50×50 m soil geochemistry program to refine near-surface targets and identify concealed skarn extensions; and
- Reprocessed 3D geophysical inversions to strengthen porphyry target definition.
As a result of completion of the Acquisition, Algo Grande is now in the process of making the necessary filings with the Mexico Public Registry of Mines to update the registrations for all of the concessions located on the Project.
Effective upon completion of the Acquisiton, Algo Grande granted a total of 2,870,000 stock options to certain directors, officers and consultants of Algo Grande under the stock option plan dated February 17, 2022.
A technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects entitled “NI 43-101 Technical Report on the Adelita Project, Sonora/Sinaloa, Mexico” dated effective August 15, 2025, was filed by Algo Grande on December 15, 2025.
Enrico Gay, CEO of Algo Grande Copper Corp.
For more information, please contact:
E-mail: info@algo-grande.com
Source: Algo Grande Copper Corp.
