Alta Copper Announces Non-Brokered Financing With Fortescue Ltd.

Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) has announced a non-brokered private placement with Nascent Exploration Pty. Ltd., a subsidiary of Fortescue Ltd., to raise CAD $2.5 million. The funds will be used for working capital and to further advance the company's Cañariaco copper project.

The placement involves the sale of 4,629,630 common shares at CAD $0.54 each. These shares will be subject to a hold period of four months and one day. No warrants are included in this placement.

Giulio T. Bonifacio, Executive Chair and CEO, stated that this financing option was chosen for its superior terms compared to other available options, and it will increase Fortescue's ownership to 34%. The funds will support the company's drill permit application and community engagement efforts.