Alta Copper Shareholders Approve Acquisition by Fortescue Subsidiary

Alta Copper Corp. has announced that its shareholders and optionholders have approved the acquisition by Nascent Exploration Pty Ltd, part of Fortescue Ltd. The approval came during a special meeting where the arrangement resolution was supported by the required majority. This acquisition involves all Alta Copper shares not already owned by Nascent, executed via a court-approved plan in alignment with the Business Corporations Act of British Columbia and a prior arrangement agreement.

The next step is securing the final court approval from the Supreme Court of British Columbia, set for January 30, 2026. This acquisition aims to consolidate ownership and potentially enhance the company's long-term value outlook. Both companies await this regulatory milestone to proceed with finalizing terms and fulfilling the arrangement's conditions.