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Aldebaran Resources Inc ( (TSE:ALDE) ) has shared an announcement.
Aldebaran Resources has upsized its previously announced bought-deal private placement to C$35 million, agreeing with a syndicate led by Cormark Securities and Red Cloud Securities to issue 10,769,300 common shares at C$3.25 each, with an option for underwriters to purchase additional shares that could raise roughly C$5.25 million more. Certain shareholders may also exercise anti-dilution rights through a concurrent non-brokered private placement at the same issue price, with both financings expected to close around February 5, 2026, subject to regulatory approvals; net proceeds are earmarked primarily to complete a prefeasibility study at the company’s flagship Altar copper-gold project in Argentina and for general working capital, underscoring strong investor demand and providing funding to advance a key development milestone for the asset.
The most recent analyst rating on (TSE:ALDE) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Aldebaran Resources Inc stock, see the TSE:ALDE Stock Forecast page.
Spark’s Take on TSE:ALDE Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALDE is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, ongoing cash burn and potential dilution risk). Offsetting this are supportive technicals (price above key moving averages with moderate positive momentum) and positive corporate catalysts from the Altar PEA and the Centauri spin-out/financing.
To see Spark’s full report on TSE:ALDE stock, click here.
More about Aldebaran Resources Inc
Aldebaran Resources Inc. is a Vancouver-based mineral exploration company listed on the TSX Venture Exchange and OTCQX, focused on advancing its Altar copper-gold project in San Juan province, Argentina, a large-scale asset within the copper-gold mining sector.
Average Trading Volume: 104,277
Technical Sentiment Signal: Buy
Current Market Cap: C$649.7M
For detailed information about ALDE stock, go to TipRanks’ Stock Analysis page.