Alta Copper Corp. announced a non-brokered private placement of up to 6,255,942 common shares at a price of CAD 0.50 per share for the gross proceeds of up to approximately CAD 3,127,971 on December 18, 2023. The transaction will include participation from returning investor, Nascent Exploration Pty Ltd. for 30.96% shareholder interest in the company.

The common shares will be subject to a mandatory hold period ending four months and one day after issuance in accordance with applicable securities law. There will be no warrants included in this private placement. The transaction is subject to the approval of the Toronto Stock Exchange.