Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) announced that it and its subsidiaries (collectively, the Company) have entered into an asset purchase agreement (the Stalking Horse APA) with Southwest Critical Materials LLC (the Buyer), an affiliate of Kinterra Capital Corp., pursuant to which the Buyer has agreed to purchase substantially all of the assets of the Company. The purchase price under the Stalking Horse APA is US$128 million plus the Buyer’s obligation to pay certain cure costs with an adjustment for the assumption of certain liabilities. The consummation of the transaction is subject to bankruptcy court approval and other customary closing conditions.

Latham & Watkins LLP represents Kinterra Capital Corp. in the transaction with a corporate team and restructuring led by New York partners Gianluca Bacchiocchi, Adam Goldberg and Daniel Mun, and New York/Houston partner Charles Carpenter, and New York counsel Ben Kaplan, with associates Asif Attarwala, Lachlan Sievert, Sally Wu, and Jennifer Danilenko. Advice was also provided on tax matters by Chicago partner Joseph Kronsnoble and New York partner Gregory Hannibal, with associate Derek Gumm; on compensation and benefits matters by New York counsel Rifka Singer and Chicago counsel Leah Segall, with associate Ellie Graham; on antitrust matters by New York partner Katherine Rocco and Bay Area counsel Jason Daniels, with associate Charlie Sprague; on labor and employment matters by Chicago partner Nineveh Alkhas and New York counsel Sandra Benjamin, with associate Sahar Merchant; and on foreign direct investment matters by Frankfurt partner Max Hauser and Hamburg partner Jana Dammann de Chapto, with associate Helena Hofmann.