Most recently, Interra Copper Corp. acquired Alto Verde Copper Inc. in an all-share transaction with a coincident financing raising net proceeds of $2.89 million. With less than 22.3 million shares in the market, Interra now controls 3 highly prospective assets within the world-famous Copper Porphyry Belt, where the majority of Chile‘s copper mines are located. In addition, the management and board of directors of both companies have been combined, forming an exceptional leadership team to drive the next phase of growth for the company.

 

In 2021, Alto Verde Copper Inc. acquired 3 copper porphyry exploration assets in Chile from a subsidiary owned by Freeport-McMoRan Inc. (current market capitalization: $58 billion USD). This was only made possible due to Alto Verde having a prestigious management team including David Garofalo (who was the CEO of Goldcorp until Newmont acquired the Canadian miner in a deal valued at $10 billion USD in 2019) and Dr. Mark Cruise (who was the founder of former top-10 zinc producer Trevali Mining Corp.) along with former Freeport executives Rick Gittleman, Mike Ciricillo and Rich Leveille.

 

Interra‘s management and advisory team has an unparalleled history of discovering, financing, building and operating a number of assets across the Americas and Africa. The company is now focused on its 3 copper porphyry exploration projects within the Chilean Copper Belt and located near world-class copper mines: Freeport‘s and Codelco‘s Al Abra Mine, Anglo American‘s and Glencore’s Collahuasi Mine, Teck’s Quebrada Blanca Mine and BHP’s Spence Mine. Recent work at Interra‘s Tres Marias Project highlight 3 large copper porphyry targets underpinning a drill program to further enhance value for investors.