Alta Copper Corp. Completes Arrangement with Nascent Exploration

Vancouver-based Alta Copper Corp. and Nascent Exploration Pty Ltd have finalized their plan of arrangement as of March 9, 2026. Following the completion of this agreement, Nascent, a Fortescue Ltd subsidiary, has acquired all outstanding Alta Copper shares. Shareholders, optionholders, and other unit holders received C$1.40 per share or equivalent consideration.

The arrangement, valued at approximately C$139 million, results in Alta Copper's shares being delisted from the Toronto Stock Exchange, BVL, and OTCQX markets. Alta Copper plans to cease being a reporting issuer in Canada. This change transforms Alta Copper into a wholly-owned subsidiary of Nascent.

Stakeholders are advised to review Alta Copper's management information circular for payment procedures. Registered and non-registered shareholders should follow specific instructions for receiving the agreed payment. Further details are available under Alta Copper's profile on SEDAR+.