Alta Copper's Acquisition by Fortescue Moves Forward with Court Approval

Alta Copper Corp. has received the Supreme Court of British Columbia's approval for its acquisition by Nascent Exploration Pty Ltd, a subsidiary of Fortescue Ltd. The acquisition involves all of Alta Copper's shares not already owned by Nascent, under a court-approved plan of arrangement.

The transaction awaits further review by the Minister of Innovation, Science and Economic Development under the Investment Canada Act. Alta Copper has highlighted the regulatory steps yet to be fulfilled before the transaction's closure.

For detailed regulatory and procedural insights relating to the arrangement, the company's circular dated December 19, 2025, and the press release from January 22, 2026, are accessible on SEDAR+.