Alta Copper Shareholders and Optionholders Approve Proposed Acquisition by Fortescue

Executive Summary

• Shareholders and option‑holders approved the special resolution to consummate the proposed acquisition of all outstanding Alta Copper shares by Nascent Exploration Pty Ltd (a Fortescue subsidiary).
• The court‑approved plan of arrangement will be presented to the Supreme Court of British Columbia for final order on January 30, 2026.
• Approval clears a key condition for completing the transaction, moving Alta Copper toward being fully owned by Nascent.

Key Details

• Arrangement Resolution: Approved at a special meeting held on January 26, 2026; met required majority thresholds.
• Transaction Structure: Court‑approved plan of arrangement under BC Business Corporations Act; acquisition of 100% of Alta Copper’s common shares not already owned by Nascent.
• Counterparty: Nascent Exploration Pty Ltd, wholly‑owned subsidiary of Fortescue Ltd.
• Agreement Date: Arrangement Agreement dated December 13, 2025.
• Next Step: Court hearing scheduled for Friday, January 30, 2026, where a final order from the Supreme Court of British Columbia will be sought.

Notable Quotes

• “We are pleased to have received shareholder support for the Arrangement, which represents a significant step forward in delivering value to our securityholders and advancing the development of the Cañariaco project under the ownership of a world‑class mining partner.” – Giulio T. Bonifacio, President & CEO

All boilerplate, forward‑looking statements, and company background have been omitted for brevity.