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Alta Copper shareholders approved Fortescue’s acquisition of its Peruvian Cañariaco copper project, pending final court and regulatory approvals.
Alta Copper shareholders and optionholders approved the acquisition by Fortescue’s subsidiary Nascent Exploration on January 26, 2026, in a vote supporting a court-approved plan of arrangement.
The deal, pending final court approval on January 30, would see Fortescue gain control of Alta’s Cañariaco copper project in Peru, one of the largest undeveloped copper deposits in the Americas.
The transaction remains subject to regulatory and closing conditions, with risks including delays, permitting challenges, and market factors.
The acquisition aims to strengthen Fortescue’s position in critical minerals amid rising demand for copper in clean energy and electric vehicle sectors.
Los accionistas de Alta Copper aprobaron la adquisición por parte de Fortescue de su proyecto de cobre peruano Cañariaco, pendientes de las aprobaciones judiciales y regulatorias finales.