Algo Grande Copper Corp. (ALGR) Financings
TSXV: ALGR · Copper, Gold, Silver · Exploration stage
- Market cap$29.3M
- Share price$0.580
- 52-week range$0.350 – $1.00
- Shares outstanding50,438,023
- ExchangeTSXV
- Websitealgo-grande.com
Algo Grande Copper Corp. is a growth-focused mineral exploration company advancing the Adelita Project, a district-scale, multi-system copper-gold-silver opportunity positioned in the prolific Arizona-Sonora copper belt. The company is dedicated to unlocking the full potential of this under-explored corridor through disciplined data-driven exploration, technical excellence, and a firm commitment to value creation for shareholders. The 5,895-hectare Adelita Project is anchored by the high-grade Cerro Grande Cu-Au-Ag skarn discovery, which exhibits strong continuity along a defined corridor extending over 6 kilometers. Reprocessing of legacy geophysical data and field mapping indicate the presence of a potential porphyry system at depth, suggesting a classic skarn-porphyry mineralization model similar to major deposits found throughout northwestern Mexico.
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Algo Grande Copper Corp. financial statements
Key figures read from 20 of 20 financial statement filings, Nov 26, 2020 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$2,289,549 | C$214,058 | C$1,272,990 | C$7,180 | C$29,464 |
| Total current assets | C$3,098,752* | — | — | — | C$33,578* |
| Exploration and evaluation assets | C$2,577,333 | — | — | C$0 | C$3,832,245 |
| Property, plant and equipment | — | — | — | C$0 | C$13,021 |
| Total assets | C$5,676,085 | C$223,010 | C$1,297,742 | C$51,897 | C$3,878,844 |
| Debt | C$76,448 | C$47,371 | C$156,909 | C$113,019 | C$76,606 |
| Total liabilities | C$2,005,425 | C$1,001,024 | C$1,549,624 | C$1,011,299 | C$601,226 |
| Shareholders' equity | C$3,670,660 | (C$778,014) | (C$251,882) | (C$959,402) | C$3,277,618 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | — | — | C$0 | — | — |
| Exploration and evaluation expense | C$215,782 | — | — | C$10,030 | C$68,598 |
| General and administrative | C$701,813 | C$484,731 | C$358,015 | C$334,234 | C$374,247 |
| Share-based compensation | C$151,298 | — | — | C$0 | C$36,566 |
| Impairments and write-downs | — | — | — | C$0 | (C$50,000) |
| Net income (loss) | (C$1,458,510) | (C$526,132) | (C$551,455) | (C$4,236,325) | (C$648,865) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,978,240) | (C$965,710) | (C$73,534) | (C$51,931) | (C$163,138) |
| Investing cash flow | (C$280,706) | C$18,578 | C$1,295,369 | — | C$0 |
| Financing cash flow | C$4,357,840 | (C$111,800) | C$40,000 | (C$31,459) | (C$75,000) |
| Proceeds from share issues | C$4,660,898 | — | — | — | C$0 |
| Change in cash | C$2,075,491 | (C$1,058,932) | C$1,265,810 | (C$22,284) | (C$88,138) |
| Cash at end of period | C$2,289,549 | C$214,058 | C$1,272,990 | C$7,180 | C$29,464 |
Algo Grande Copper Corp. financings
1 financing announced or closed by Algo Grande Copper Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-08-13 | Algo Grande Copper Corp. (ALGR) | Private placement, non-brokered | Closed, 1 tranche | $5.0M | $0.600 | Algo Grande Copper Announces $3 Million Private Placement to Fund Expansion of Phase II Exploration Program at the Adelita Project |