Wealth Copper Ltd. entered into a binding letter agreement to acquire Allante Resources Ltd. (TSXV:ALL.H) in a reverse merger transaction on June 7, 2019. Wealth Copper Ltd. entered into a share exchange agreement to acquire Allante Resources Ltd. in a reverse merger transaction on February 28, 2020. The agreement contemplates that Allante, Wealth Copper and Wealth Copper's shareholders will complete a business combination by way of a share exchange, merger, amalgamation, plan of arrangement or such other similar form of transaction, whereby the holders of common shares of Wealth Copper will exchange such common shares for Allante shares on a one to one basis, with the effect that at closing and, without giving effect to the Allante financings, the former Wealth Copper shareholders will hold approximately 92.6% of the issued and outstanding Allante shares, with the remaining 7.4% held by the shareholders of Allante. All outstanding warrants and stock options of Wealth Copper not exercised by the holders thereof prior to the closing will thereafter constitute warrants and stock options to purchase common shares of Allante and will continue to vest and/or be convertible in accordance with the schedule and on the terms established at the time of their respective grants, subject to applicable TSX Venture Exchange policies. The agreement also provides that holdings of TriMetals Mining Inc. in Allante's shares will not represent less than 30% of the issued and outstanding shares immediately after giving effect to the transaction and the Allante financings. TriMetals Mining Inc. will be granted the right for a period of two years to participate in future equity financings undertaken by Allante after the completion of the transaction to allow TriMetals Mining to maintain up to its pro rata interest in the equity capital of Allante. Upon the closing, it is expected that each of Wealth and TriMetals Mining will an insider of Allante, as each is expected to carry more than 10% of the voting rights attached to the outstanding Allante shares. Also, as per the terms of agreement, Allante is supposed to carry two rounds of financings as per the terms laid in agreement. Prior to completion of the share exchange, Allante shall change its name to "Wealth Copper Ltd." and its trading symbol to "WCR" or such other name and symbol as is approved by Wealth and is acceptable to the TSXV. In a related transaction, Wealth Copper has also entered into a definitive share purchase agreement whereby it can acquire all of the rights and interests of TriMetals Mining Inc. in and to certain mineral exploitation and exploration concessions comprising the Escalones copper-gold porphyry project (the "Escalones Project"). Upon closing, Allante Resources will carry out the business of Wealth Copper Ltd. Upon completion of the transaction, the parties anticipate that Allante will be listed as a Tier 2 mining issuer on the TSX Venture Exchange. Trading in Allante's securities has been halted, and the halt is expected to remain in place until the transaction is completed.

Upon closing, all of the Allante's existing Directors and Officers, including Joe DeVries (Chief Executive Officer and President), Richard Barnett (Chief Financial Officer and Secretary) Ron Hughes and Drew Maness will resign from the Board and their management positions, and the Board of the Resulting Issuer is expected to be reconstituted with nominees of World Copper, including Hendrik van Alphen, Roberto Fréraut, Patrick James Burns, Stuart Ross and Matias Herrero. Accordingly, it is anticipated that the proposed Directors and officers will be insiders of Allante upon closing. As of September 15, 2020, the agreement has been amended which require that, immediately prior to closing, the Allante related party debt be settled through the issuance of common shares in the capital of World Copper and reflect the name change of Wealth Copper Ltd. to World Copper Ltd.

Completion of the transaction will be subject to the parties' entry into of a definitive agreement in furtherance to the agreement; the closing of the Cristal transaction and the Escalones transaction; the completion of private placement financing; the completion of customary due diligence by the parties; receipt of all necessary regulatory approvals and the approval of the shareholders and Board of Directors of Wealth Copper; receipt of all necessary third party consents; approval of the transaction by the TSX Venture Exchange as Allante's qualifying transaction; and Allante satisfying the initial listing requirements set by the TSX Venture Exchange for a Tier 2 mining issuer upon closing, including the preparation of technical report prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects that contains a recommended work program with an initial phase of no less than CAD 0.2 million on the resulting issuer's listing property, which is expected to be on the Cristal Project. The transaction has been unanimously approved by the Board of Wealth Copper and Allante. As of December 23, 2020, the transaction has been conditionally approval by the TSX Venture Exchange. The trading symbol of the resulting issuer on closing of the transaction is expected to be “WCU”. The transaction is expected to close in fourth quarter of 2019. As of December 23, 2020, the transaction is currently expected to close on or about January 15, 2021. Jonathan Lotz of Lotz & Company acted as legal advisor for Wealth Copper. Computershare Investor Services Inc. acted as transfer agent to World Copper.

World Copper Ltd. completed the acquisition of Allante Resources Ltd. (TSXV:ALL.H) in a reverse merger transaction on January 15, 2021. As consideration for the acquisition, the Company issued a total of 4,000,599
common shares to the shareholders of Allante. World Copper will commence trading on Tier 2 of the TSXV under the trading symbol "WCU" in the upcoming days. Following the close of the Transaction, the directors and officers of the Company consist of: Hendrik van Alphen, Chief Executive Officer and Director; Patrick James Burns, President and Director; Sead Hamzagic, Chief Financial Officer; Marla Ritchie, Corporate Secretary; Matias Herrero, Director; Stuart Ross, Director; and Roberto Fréraut, Director.