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Fortescue Moves to Acquire Alta Copper, Securing Key Peruvian Asset
8:59am on Monday 15th of December, 2025 AEDT
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Fortescue Moves to Acquire Alta Copper, Securing Key Peruvian Asset
8:59am on Monday 15th of December, 2025 AEDT
Key Points
Fortescue to acquire remaining 64% of Alta Copper for C$1.40 per share
Transaction values Alta Copper at C$139 million with a 50% premium
Acquisition includes Cañariaco Copper Project with over 2 billion tonnes of copper resources
Alta Copper board unanimously recommends the deal; key shareholders committed to vote in favor
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