on Alta Copper Corp. (NASDAQ:ATCUF)
Alta Copper Sets Special Meeting to Approve Fortescue Transaction
Alta Copper Corp. announced the Supreme Court of British Columbia has authorized a special meeting of shareholders and optionholders on January 26, 2026, in Vancouver. The meeting aims to approve a transaction involving Alta Copper and Fortescue Ltd. Shareholders stand to gain C$1.40 per share.
The transaction offers a significant premium to current trading prices and provides immediate liquidity, important given Alta Copper's historically limited market activity. Concerns about the necessary future financing and regulatory risks in developing its copper project make the transaction advantageous.
With Fortescue owning 35.7% and planning to oppose alternatives, prospects for other deals are slim. Alta Copper's board recommends shareholders support the transaction to capitalize on these benefits. The deadline for proxy voting is January 22, 2026.
R. P.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Alta Copper Corp. news