---
title: "Andina Copper Announces LIFE Offering and Concurrent Financing for an Aggregate of $20m"
description: "Andina Copper Corp. has announced a non-brokered private placement under the Listed Issuer Financing Exemption, aiming to raise $10 million through the sale of 12.5 million common shares at $0.80 each"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276437129.md"
published_at: "2026-02-20T11:30:04.000Z"
---

# Andina Copper Announces LIFE Offering and Concurrent Financing for an Aggregate of $20m

> Andina Copper Corp. has announced a non-brokered private placement under the Listed Issuer Financing Exemption, aiming to raise $10 million through the sale of 12.5 million common shares at $0.80 each. Concurrently, the company will conduct another private placement for an additional $10 million under different exemptions. The total proceeds of $20 million will be used for exploration at its Piuquenes and Cobrasco Projects, as well as for working capital. The LIFE Offering is expected to close around March 6, 2026.

(TheNewswire)

February 19, 2026 – TheNewswire - Vancouver, British Columbia. - AndinaCopper Corp. (“Andina Copper” or the “Company”) (TSX-V:ANDC /FSE: FIRA / OTCQX®: PMMCF) is pleased to announce a non-brokered private placement pursuant to the Listed Issuer Financing Exemption under Part 5A of NationalInstrument 45-106- Prospectus Exemptions for gross proceeds of$10,000,000 (the “LIFE Offering”), through the offering of12,500,000 common shares in the capital of the Company (each, a“LIFE Share”) at a price of $0.80 per share.

Concurrent with the LIFE Offering, the Company ispleased to also announce a non-brokered private placement for grossproceeds of $10,000,000 (the “Concurrent Financing” and togetherwith the LIFE Offering, the “Offerings”), through the offering of12,500,000 common shares in the capital of the Company (each, a“Non-LIFE Share”) at a price of $0.80 per share.

In connection with the Offerings, the Company may payfinder’s fees of up to 6% cash.

The Non-LIFE Shares may be offered to purchasersresident in Canada pursuant to applicable prospectus exemptions, otherthan the Listed Issuer Financing Exemption, in accordance withapplicable laws, and may also be offered in other qualifyingjurisdictions outside of Canada on a private placement basis pursuantto relevant prospectus or registration exemptions in accordance withapplicable laws. Any securities issued under the Non-LIFE Offering topurchaser’s that are residents in Canada will be subject to a holdperiod in accordance with applicable Canadian securities laws,expiring four months and one day following the issue date of theNon-LIFE Shares.

The LIFE Shares will be offered to purchasers pursuantto the Listed Issuer Financing Exemption, in each of the Provinces ofCanada except Quebec. The LIFE Shares will not be subject to aCanadian hold period in accordance with applicable Canadian securitieslaws.

The Company intends to use the net proceeds from theOfferings to fund exploration at the Company’s Piuquenes andCobrasco Projects, working capital and general corporate purposes, asmore specifically described in the offering document. The LIFEOffering is scheduled to close on or around March 6, 2026. The LIFEOffering remains subject to certain conditions customary fortransactions of this nature, including, but not limited to andcompliance with TSX Venture Exchange policies.

There is an offering document related to the LIFEOffering that will be made available under the Company's profileon SEDAR+ at www.sedarplus.com. The offering document will also be made available on theissuer’s website at www.andinacopper.com. Prospective investors of the LIFE Shares should read theOffering Document before making an investment decision.

The securities to be offered have not been, and willnot be, registered under the U.S. Securities Act of 1933, as amended(the "U.S. Securities Act") or any U.S. state securitieslaws, and may not be offered or sold in the United States or to, orfor the account or benefit of, United States persons absentregistration or any applicable exemption from the registrationrequirements of the U.S. Securities Act and applicable U.S. statesecurities laws. This news release shall not constitute an offer tosell or the solicitation of an offer to buy securities in the UnitedStates, nor shall there be any sale of these securities in anyjurisdiction in which such offer, solicitation or sale would beunlawful.

The Company’s Corporate Presentation is available at:Andina Copper Corporate  
Presentation

Interested parties can subscribe to our mailing listand follow our social media channels:

Mailing List | Andina Copper LinkedIn | Andina Copper X | Andina Copper Instagram

ON BEHALF OF THE BOARD

Joseph van den Elsen

President & Chief Executive Officer

joseph@andinacopper.com

Jordan Webster

VP – Technical Communications

jordan@andinacopper.com

ABOUT ANDINA COPPER

Andina Copper Corporation is a unique South America-  
focused copper explorer listed on the TSX Venture Exchange  
, Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) exchanges.  
The Company holds two significant discoveries along the world’s  
premier copper producing Andean porphyry belt in Argentina and  
Colombia, and a compelling undrilled copper-gold target in the  
prolific copper production district of the Coastal Cordillera of  
Chile.

FORWARD-LOOKING STATEMENT

This news release contains certain statements that maybe deemed "forward-looking statements". All statements inthis release, other than statements of historical fact, that addressevents or developments that Andina Copper expects to occur, areforward-looking statements. Forward-looking statements are statementsthat are not historical facts and are generally, but not always,identified by the words "expects" and similar expressions,or that events or conditions "will" or "may"occur. These statements are subject to various risks. AlthoughAndina Copper believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guaranteeing of future performance, and actualresults may differ materially from those in forward-lookingstatements.

Neither the TSXV nor the Canadian Investment RegulatoryOrganization accepts responsibility for the adequacy or accuracy ofthis release.

NOT FOR DISTRIBUTION TO U.S.NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANYFAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OFU.S. SECURITIES LAWS.

Copyright (c) 2026 TheNewswire - All rights reserved.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
