Overview
- Fortescue, via its Nascent Exploration unit, is offering C$1.40 in cash for each Alta Copper share to acquire the remaining 64%.
- The offer values Alta Copper’s equity at C$139 million and reflects a 50% premium to the company’s 30‑day VWAP.
- Fortescue already holds about 35.7% of Alta Copper’s shares, and eligible directors have unanimously recommended the deal.
- Shareholders holding roughly 12.5% of Alta Copper’s shares have signed voting support agreements in favor of the transaction.
- The takeover will proceed through a Canadian plan of arrangement with closing targeted for the March quarter of 2026, subject to shareholder, court, and regulatory approvals.