Has anyone noticed a move higher in silver and gold prices lately?!? Silver is up +280% & gold +86% in the past year! Less noticed is copper +40%, but many, (including me), think Cu could be the next Ag.

I’m not talking about Cu retaking US$6/lb., how about $7 or $8/lb.? While not a sure thing, demand fundamentals are strong, there’s a mined supply deficit with no end in sight, and supply only surprises to the downside — never to the upside!

I am excited by juniors with promising assets in safe, prolific jurisdictions like Sonora, Mexico, projects with not just Au or Ag or Cu exposure, but ALL THREE critical metals.

Readers should note that Au Majors Agnico Eagle, Barrick & Newmont are all looking for more Cu exposure. A company I like a lot that is flying under the radar is Algo Grande Copper.

Even if Cu isn’t the next Ag, Algo Grande’s considerable Ag & Au credits make the overall project quite compelling. This Company should be of keen interest to strategic partners and prospective suitors.

I spent the past week interviewing CEO/Founder Enrico Gay, please continue reading for a timely update on Algo Grande. This is a company valued at just C$20M (fully-diluted, C$0.65/shr. Jan. 26th, C$2M in cash), with just 35M fd shares!

Please give readers the latest snapshot of Algo Grande.

Algo Grande Copper is advancing the 100%-owned Adelita Copper–Gold–Silver project in Sonora, Mexico — an emerging district-scale skarn–porphyry system anchored by the high-grade Cerro Grande discovery.

Beyond Cerro Grande, the Project hosts multiple targets along a 6-km carbonate corridor, an interpreted porphyry potential at depth, and an epithermal target at Las Trancas.

The near-term focus is drill-driven growth — expanding known high-grade skarn mineralization, while systematically testing new, high-impact areas using modern geophysics, AI-assisted targeting, and oriented-core drilling.

Adelita is moving from discovery to a new phase focused on scale, continuity, and system definition.

Given recent geopolitical tension around trade & tariffs, has Mexico or Sonora shown interest in fast-tracking mining projects?

While Mexico has not formally announced a “fast-track” policy, near-shoring of critical metals — particularly copper — has become an important strategic theme, especially for the U.S. Sonora is uniquely positioned in this context.

The State shares a border with Arizona, sits within the Sonora–Arizona Copper Belt, and hosts some of N. America’s largest copper operations.

At the Federal level, the new administration under Pres. Claudia Sheinbaum has adopted a more pragmatic tone toward mining, particularly for projects demonstrating strong technical foundations, environmental stewardship, and local engagement.

This shift is reflected in permitting outcomes rather than rhetoric. At the state level, Sonora remains one of the most mining-supportive jurisdictions, with a long track record of advancing well-run projects.

For Adelita — located near existing infrastructure, operated responsibly, and targeting high-grade copper — this near-shoring dynamic provides an increasingly favorable backdrop.

Algo Grande describes Adelita as “fully permitted.” What does that mean in practical terms?

In Algo Grande’s case, “fully permitted” refers to the project being authorized for
exploration & drilling under Mexico’s regulatory framework.The project holds the necessary environmental & social authorizations to obtain & execute drill permits through SEMARNAT.

The Cerro Grande skarn holds an underground mining permit, a meaningful de-risking milestone for future development pathways. We have good connections with the community, having worked hard to get a social license to operate.

There are formal agreements with the Ejido communities, and the Company is actively listening and finding ways to proactively benefit local communities & all stakeholders.

Adelita is not yet permitted for full mine construction — those permits come later and require a defined mine plan. However, from an exploration & early development standpoint, Adelita is exceptionally well positioned.

What are the primary near-term catalysts over the next six months?

Algo Grande’s catalysts are primarily exploration-driven, including:

 Ongoing drilling at Cerro Grande targeting expansion of high-grade mineralization along strike and at depth.

 Step-out drilling along the broader carbonate/intrusive corridor, testing for additional Cerro Grande–style bodies.

 Vectoring toward porphyry mineralization, including surface geochemistry, mapping, drilling & geophysical targeting beneath, and adjacent to, Cerro Grande, and a
second porphyry target.

 Continued integration of AI-based targeting, high-definition ground magnetics, and
oriented-core drilling to prioritize follow-up holes.

With strong gold & silver prices, what does the metal mix look like at Adelita

Adelita is a copper-dominant system with meaningful gold & silver by-products. It is geologically consistent, with gold exceeding 2 g/t, and silver up to 100 g/t, adding significant value to the project.

We also have other targets with impressive gold/silver grades. Las Tablas has historical trenching exceeding 16 g/t Au over 9.15 meters. Yet, this area only saw two drill holes. The primary anomalies have not been properly tested.

Rock samples anomalous in copper, molybdenum + gold, and drill hole data, give us reasons to believe there could be one or more large porphyry centers at depth. We know some porphyry deposits are rich in gold. We’re exploring to see what Adelita has to offer.

The team seems unusually strong for a company this size. Please elaborate.

Algo Grande has built a team combining tier-one discovery expertise, modern exploration execution, and proven value creation — uncommon for a company our size.

 Dr. Peter Megaw — Senior Technical Advisor & Co-Founder of MAG Silver — brings
decades of experience advancing large-scale mineral systems, especially in Mexico. He has been directly involved in discoveries that attracted significant capital (MAG Silver acquired by Pan American for over $2B)

 João Rocha, VP Exploration, a European geo with expertise in project mgmt. & geological modeling, using a mineral systems approach to advance data reprocessing & AI-based exploration. João focuses on extracting value from historical datasets, integrating them with real-time drilling.

 Michael Williams, Director, adds a capital markets + exit-oriented perspective.
He is the Founder of Underworld Resources, sold to Kinross for > US$100M. His track record in positioning companies for M&A and value creation is highly relevant as Adelita advances.

 Enrico Gay, Founder & CEO, brings nearly a decade of experience in finance, capital
markets, and project development, with a clear mandate to aggressively advance high-
quality assets while maintaining capital discipline & execution speed.

This team blends deep geological insight, cutting-edge exploration, disciplined capital markets experience, and a proven track record of successful exits.

With a tight capital structure, what are Algo Grande’s funding needs?

Algo Grande’s primary use of capital is for drilling. The current strategy contemplates up to ~15,000 m across Cerro Grande, plus priority skarn & porphyry targets. The Company raised ~$3.8M in Q4/25, providing a solid runway.

How soon could Algo Grande deliver a maiden resource?

With work done to date, and our inaugural drill campaign ongoing, we will deliver an aggressive work plan.

At the moment, the system remains wide open. We will balance the need to deliver a maiden resource with the goal of meaningfully expanding the deposit’s blue-sky potential.

Can you discuss the upside along strike and at depth?

Geophysical & geochemical programs helped delineate broad targets with kilometer long potential. It’s our objective to robustly test our expansion thesis.

Adelita has only been drilled to depths of 350 m, on Cerro Grande just 300 m, leaving immense potential along the 6 km prospective corridor.

Drill holes in the Mezquital area have not exceeded 250 m in depth. This anomaly is 4.5 km long, with multiple geochemical & geophysics anomalies largely untested.

Who are the relevant producers in Sonora, when might engagement make sense?

Sonora hosts major & mid-tier producers, incl.; Grupo México/Southern
Copper, Fresnillo/Peñoles, Agnico Eagle, Alamos Gold Coeur Mining & First Majestic.

Japanese trading houses like; DOWA Metals & Mining, Sumitomo Corp. & JOGMEC have a history of involvement in Mexican copper projects, and royalty/streaming giants Franco Nevada & Wheaton Precious Metals have significant investments in Sonora.

Companies with assets/interests in Sonora, Mexico

For Algo Grande, engagement becomes important only after scale, continuity, and development pathways are clearly demonstrated. As Adelita is de-risked and validated as a district-scale system, it should move onto the radar of regional & international strategic partners.

Disclaimers/disclosures:

Peter Epstein of Epstein Research [ER] has no prior or existing relationship with Algo Grande Copper or its predecessor company. At the time of this publication, Peter Epstein did not own shares of Algo Grande, but might purchase some in the future.

Mr. Epstein of [ER] might pursue Algo Grande as an advertising client, but no implicit or explicit arrangements have been made. Either way, readers should consider [ER] to be biased in favor of Algo Grande. Readers are encouraged to do their own due diligence and consult with a trusted financial advisor.

Although copper, silver & gold prices are strong to very strong, Algo Grande is a micro-cap, early-stage high risk stock. Investors can lose a substantial amount (or all) of invested capital in stocks like this one.

Mr. Epstein believes Algo Grande is a promising opportunity in this BULL MARKET, but [ER] has been wrong before, and will be wrong again. Junior mining is a HIGH RISK space.