Core Viewpoint - Fortescue has entered a binding agreement to acquire the remaining 64% of Alta Copper's shares, valuing the company at C$139 million ($100.92 million) with a 50% premium over its 30-day volume-weighted average price [1][2]. Group 1: Acquisition Details - Fortescue currently owns approximately 35.7% of Alta Copper's outstanding shares and will acquire the remaining shares through its subsidiary, Nascent Exploration [2]. - Alta Copper shareholders will receive C$1.40 per share in cash as part of the acquisition [2]. - The deal has received unanimous support from Alta Copper's directors, who recommend that shareholders approve the transaction [2][3]. Group 2: Shareholder Support - Directors, officers, and shareholders holding 12.5% of Alta Copper's outstanding shares have signed voting support agreements to vote in favor of the acquisition [3]. Group 3: Cañariaco Project Overview - Alta Copper is the sole owner of the Cañariaco copper project in northern Peru, which is located in a promising porphyry corridor with significant exploration and development potential [3]. - The Cañariaco project covers 91 km² and includes the Cañariaco Norte and Cañariaco Sur deposits, as well as the Quebrada Verde prospect [4]. - The project has a reported mineral resource estimate of 1.1 billion tonnes at 0.42% copper equivalent grade in the measured and indicated category, and 900 million tonnes at 0.29% copper equivalent grade in the inferred category [4]. Group 4: Transaction Conditions - The completion of the transaction is contingent upon meeting customary conditions, obtaining necessary regulatory approvals, and receiving approval from securityholders and the court [5]. - Alta Copper's president and CEO emphasized that the cash premium offer is a favorable outcome for shareholders, considering the costs and risks associated with advancing the Cañariaco project [5][6].