Aldebaran Announces Closing of Concurrent Private Placement
MWN-AI** Summary
Aldebaran Resources Inc. has successfully closed its previously announced private placement offering, raising over $5 million through the issuance of 1,538,462 common shares at a price of $3.25 each. The offering was conducted under Canada's National Instrument 45-106 and is part of a larger financing effort that encompassed the LIFE Offering announced earlier this month. In total, both offerings have resulted in the issuance of 13,923,157 shares and garnered gross proceeds of approximately $45.25 million.
The placement saw participation from Route One Investment Company LLC, the company’s largest shareholder, classified as a "related party transaction." Aldebaran relied on exemptions under Multilateral Instrument 61-101, stating that the transaction's value was below 25% of the company’s market capitalization, thus forgoing the need for formal valuation or securityholder approval.
The funds raised are earmarked for completing a prefeasibility study for Aldebaran's Altar copper-gold project located in San Juan province, Argentina, along with general working capital. The common shares issued are subject to a hold period until June 18, 2026, indicating that they cannot be traded until that date.
The Altar project, significant for its multiple porphyry copper-gold deposits, is positioned among other prominent mining sites and is a key asset for Aldebaran, which was spun off from Regulus Resources in 2018.
This announcement underscores Aldebaran’s commitment to its strategic initiatives in mineral exploration and development, ensuring they continue to secure the necessary funding for their projects. The shares from the offering, however, have not been registered under U.S. securities laws, limiting their sale in the United States.
MWN-AI** Analysis
Aldebaran Resources Inc. has successfully closed a significant private placement offering, raising approximately $5 million through the issuance of 1,538,462 common shares. This capital infusion is designed to strengthen the company’s financial position as it advances its Altar copper-gold project in Argentina, an area known for its rich mineral deposits. With the aggregate proceeds from both this offering and the related LIFE offering totaling around $45 million, Aldebaran is well-positioned to execute a prefeasibility study, which could potentially enhance the overall valuation of the project.
For potential investors, Aldebaran's reliance on Route One Investment Company for this private placement hints at substantial backing from a prominent shareholder. This may instill confidence in the market, as long-term investors are often perceived as stabilizing forces in nascent developments. However, investors should remain mindful that the shares issued come with a statutory hold period until mid-2026. This restriction may limit liquidity and could affect short-term trading strategies.
Considering the geographical and geological advantage Aldebaran holds with the Altar project, which is part of a region rich in world-class porphyry copper deposits, its exploration efforts may yield fruitful outcomes. The updated mineral resource estimates announced in late 2024 correspond closely to initiatives aimed at enhancing resource valuations.
Nonetheless, potential investors should weigh these positive developments against the inherent risks associated with mineral exploration and development. Volatility in commodity prices and regulatory changes in Argentina pose challenges. Thus, a diversified strategy that allows for both capitalizing on Aldebaran’s potential while hedging against industry-specific risks might be prudent for those looking to engage with ALDE stock. Monitoring updates from Aldebaran regarding the progress of its prefeasibility study will be crucial for making informed investment decisions in this evolving landscape.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
/NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES/
VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the "Company") (TSX-V: ALDE, OTCQX: ADBRF) is pleased to announce the closing of its previously announced private placement offering (the “Offering”) of common shares of the Company (“Common Shares”). Pursuant to the Offering, the Company issued 1,538,462 Common Shares at a price of $3.25 per Common Share for aggregate gross proceeds of $5,000,001.50. The Common Shares issued pursuant to the Offering are subject to a statutory hold period until June 18, 2026.
The Offering was completed in connection with the previously announced private placement (the “LIFE Offering”) under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (see press releases dated January 26, January 27, February 3 and February 5), which closed on February 5, 2026. Collectively between the Offering and the LIFE Offering, the Company issued 13,923,157 Common Shares for total gross proceeds of $45,250,260.50.
Certain funds controlled by the Company’s largest shareholder, Route One Investment Company LLC (“Route One”), acquired the 1,538,462 Common Shares issued pursuant to the Offering, which constitutes a “related party transaction” pursuant to Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101”). The Company has relied on the exemptions from the formal valuation and securityholder approval requirements contained in section 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, on the basis that the fair market value of the of the Offering is not more than 25% of the Company’s market capitalization. A material change report was not filed more than 21 days in advance of closing the Offering as details of Route One’s participation were not determined until a short period of time prior to closing. Further information concerning the Offering is available in a material change report dated February 11, 2026, and available on the Company’s profile at www.sedarplus.ca.
The Company intends to use the net proceeds from the Offering to complete a prefeasibility study on its Altar copper-gold project in San Juan province, Argentina, and for general working capital purposes.
The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This news release does not constitute an offer to acquire securities in any jurisdiction.
ON BEHALF OF THE ALDEBARAN BOARD
(signed) "John Black"
John Black
Chief Executive Officer and Director
Tel: +1 (604) 685-6800
Email: [email protected]
Please click here and subscribe to receive future news releases: https://aldebaranresources.com/contact/subscribe/
For further information, please consult our website at www.aldebaranresources.com or contact:
Ben Cherrington
Manager, Investor Relations
Phone: +1 347 394-2728 or +44 7538 244 208
Email: [email protected]
About Aldebaran Resources Inc.
Aldebaran is a mineral exploration company that was spun out of Regulus Resources Inc. in 2018 and has the same core management team. Aldebaran holds an 80% interest in the Altar copper-gold project in San Juan Province, Argentina. The Altar project hosts multiple porphyry copper-gold deposits with potential for additional discoveries. Altar forms part of a cluster of world-class porphyry copper deposits which includes Los Pelambres (Antofagasta Minerals), El Pachón (Glencore), and Los Azules (McEwen Copper). In November 2024 the Company announced an updated mineral resource estimate for the Altar project, prepared by Independent Mining Consultants Inc. and based on the drilling completed up to and including the 2023-24 field season (independent technical report prepared by Independent Mining Consultants Inc., Tucson, Arizona, titled "Technical Report, Estimated Mineral Resources, Altar Project, San Juan Province, Argentina", dated December 31, 2024 - see news release dated November 25, 2024).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains "forward-looking information" or "forward-looking statements" within the meaning of Canadian and U.S. securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the Altar project and the intended use of proceeds of the Offering, are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release.
Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aldebaran to be materially different from those expressed or implied by such forward-looking information or forward looking statements. Although Aldebaran has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aldebaran disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.
FAQ**
Can you elaborate on the strategic plans for the net proceeds from the Offering, particularly concerning the prefeasibility study for Aldebaran Resources Inc ADBRF’s Altar copper-gold project?
How does the participation of Route One Investment Company LLC as a related party in Aldebaran Resources Inc ADBRF’s Offering impact minority shareholder interests and governance?
What specific factors influenced your decision to rely on exemptions from formal valuation and securityholder approval requirements for Aldebaran Resources Inc ADBRF’s recent Offering?
How do you plan to mitigate risks associated with the forward-looking statements concerning the Altar project and its resource estimates for Aldebaran Resources Inc ADBRF?
**MWN-AI FAQ is based on asking OpenAI questions about Aldebaran Resources Inc. (TSXVC: ALDE:CC).
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