On October 9, 2024, Kinterra Capital Corp., a leading private equity firm focused on upstream energy transition minerals and infrastructure, completed the successful US$128-million acquisition of substantially all of the assets of Nevada Copper Corp. through a stalking horse bid in the sale process under Chapter 11 of the U.S. Bankruptcy Code, which was recognized in Canada under the Companies' Creditors Arrangement Act (CCAA). The acquisition also included the highly strategic Pumpkin Hollow copper project in Yerington, Nevada.
Following Nevada Copper’s voluntary filing for creditor protection in June 2024, Southwest Critical Materials, an affiliate of Kinterra, entered into a stalking horse asset purchase agreement to acquire the Pumpkin Hollow project. Kinterra’s winning bid, selected from multiple interested parties, ensured a seamless transition and the continued development of Pumpkin Hollow, a project poised to play a pivotal role in meeting the surging demand for critical minerals in the United States.
The acquisition aligns with Kinterra’s strategy of investing in high-value, technically complex energy transition mineral assets. With this transaction, Kinterra now controls more than 11 billion pounds of copper across its U.S. portfolio.
Davies Ward Phillips & Vineberg LLP represented Kinterra with a team led by Natasha MacParland (Restructuring and Insolvency) and including Richard Fridman (Mining and Corporate & Commercial), Robert Nicholls (Restructuring and Insolvency) and Rui Gao (Litigation).
Torys LLP represented Nevada Copper with a team led by Michael Amm and Tony DeMarinis and that includes Mike Noel (restructuring), Michael Jason and Sarah Rimer (corporate/M&A) and Jeremy Opolsky (court proceedings)
Latham & Watkins LLP represented Kinterra in the United States.
Holland and Hart LLP represented Nevada Copper in the United States.