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Alta Copper Secures Funding from Fortescue Affiliate

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Alta Copper Secures Funding from Fortescue Affiliate

Candente Copper (TSE:ATCU) has released an update.

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Alta Copper Corp. has announced a Cdn.$2.5 million non-brokered private financing round with Fortescue’s subsidiary to support its Cañariaco copper project in Peru. This strategic investment, set to increase Fortescue’s share ownership to 34%, aims to fund working capital and advance the project amidst challenging capital market conditions.

For further insights into TSE:ATCU stock, check out TipRanks’ Stock Analysis page.

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