Announcement • Mar 11
Alta Copper Expects Its Shares to Be Delisted from the Toronto Stock Exchange on or About March 10, 2026 Alta Copper Corp. and Nascent Exploration Pty Ltd. announced the successful completion of the previously announced plan of arrangement under Division 5 of Part 9 of the Business Corporations Act (British Columbia) (the "Arrangement"). As a result of the completion of the Arrangement, the Alta Copper Shares are expected to be delisted from the Toronto Stock Exchange on or about March 10, 2026 (the "Delisting"). The Alta Copper Shares will correspondingly be withdrawn from the Bolsa de Valores de Lima ("BVL") exchange and the OTC Markets Group ("OTCQX") trading platform. In connection with the Delisting, Alta Copper will also submit an application to the applicable securities regulators to cease to be a reporting issuer and to terminate its public reporting obligations in Canada. Announcement • Mar 10
Nascent Exploration Pty. Ltd. completed the acquisition of remaining 64.30% stake in Alta Copper Corp. (TSX:ATCU). Nascent Exploration Pty. Ltd. entered into a definitive agreement to acquire remaining 64.30% stake in Alta Copper Corp. (TSX:ATCU) for CAD 84.7 million on December 13, 2025. A cash consideration valued at CAD 1.4 per share will be paid by Nascent Exploration Pty. Ltd. The transaction will be financed through existing cash reserves. A CAD 3 million termination fee is payable by Alta Copper to Nascent Exploration.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders and subject to court approval. The Board of Directors of Alta Copper Corp. formed a special committee for the transaction. The deal has been unanimously approved by the board. The board of directors of Alta Copper formed a special committee of the board. The transaction is expected to close in February 2026. The purchase price offers a 50% premium over the 30-day VWAP of CAD 0.94 and a 100% premium over the 30-day VWAP of CAD 0.70, surpassing Alta Copper's 10-year high share price, thus delivering immediate value to shareholders. As of January 19, 2026, Institutional Shareholders Services have recommended that shareholders vote "FOR" the special resolution approving Alta Copper's plan of arrangement with Fortescue. As of January 26, 2026, Alta Copper's shareholders and option holders voted in favor of the arrangement. As of January 30, 2026, the Supreme Court of British Columbia has granted the final order in connection with the acquisition. As of March 3, 2026, the transaction is expected to close no later than March 13, 2026.
Fort Capital Partners Ontario acted as fairness opinion provider for the special committee of the board of Alta Copper Corp. Haywood Securities Inc. acted as financial advisor for the special committee of the board of Alta Copper Corp. Haywood Securities Inc. acted as fairness opinion provider for Alta Copper Corp. Brett Kagetsu of Gowling WLG International Limited acted as legal advisor for Alta Copper Corp. Blake, Cassels & Graydon LLP acted as legal advisor for the special committee of the board of Alta Copper Corp. Kent D. Kufeldt of Borden Ladner Gervais LLP acted as legal advisor for Nascent Exploration Pty. Ltd and Fortescue Ltd. TSX Trust Company acted as depositary bank for Alta Copper Corp.
Nascent Exploration Pty. Ltd. completed the acquisition of remaining 64.30% stake in Alta Copper Corp. (TSX:ATCU) on March 9, 2026. Announcement • Dec 15
Nascent Exploration Pty. Ltd. entered into a definitive agreement to acquire remaining 64.30% stake in Alta Copper Corp. (TSX:ATCU) for CAD 84.7 million. Nascent Exploration Pty. Ltd. entered into a definitive agreement to acquire remaining 64.30% stake in Alta Copper Corp. (TSX:ATCU) for CAD 84.7 million on December 14, 2025. A cash consideration valued at CAD 1.4 per share will be paid by Nascent Exploration Pty. Ltd. The transaction will be financed through existing cash reserves.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by target shareholders and subject to court approval. The Board of Directors of Alta Copper Corp. formed a special committee for the transaction. The deal has been unanimously approved by the board. The board of directors of Alta Copper formed a special committee of the board. The transaction is expected to close in February 2026.
Fort Capital Partners Ontario acted as fairness opinion provider for the special committee of the board of Alta Copper Corp. Haywood Securities Inc. acted as financial advisor for the special committee of the board of Alta Copper Corp. Haywood Securities Inc. acted as fairness opinion provider for Alta Copper Corp. Gowling WLG International Limited acted as legal advisor for Alta Copper Corp. Blake, Cassels & Graydon LLP acted as legal advisor for the special committee of the board of Alta Copper Corp. Borden Ladner Gervais LLP acted as legal advisor for Nascent Exploration Pty. Ltd and Fortescue Ltd. 
