Aldebaran Resources closes $5 million private placement offering

Aldebaran Resources Inc. (TSX-V: ALDE, OTCQX: ADBRF) completed a private placement offering of 1,538,462 common shares at $3.25 per share, raising gross proceeds of $5,000,001.50, according to a company statement.

The shares were acquired by funds controlled by Route One Investment Company LLC, the company's largest shareholder, constituting a related party transaction. The shares are subject to a statutory hold period until June 18, 2026.

The offering was completed alongside a previously announced private placement that closed on February 5, 2026. Combined, the two offerings issued 13,923,157 common shares for total gross proceeds of $45,250,260.50.

Aldebaran stated it will use the net proceeds to complete a prefeasibility study on its Altar copper-gold project in San Juan province, Argentina, and for general working capital purposes.

The Vancouver-based mineral exploration company holds an 80% interest in the Altar project, which hosts multiple porphyry copper-gold deposits. In November 2024, the company announced an updated mineral resource estimate for the project based on drilling completed through the 2023-24 field season.

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