On June 23, 2025, Kinterra Capital GP Corp. II, acting as the general partner of the Kinterra Critical Materials & Infrastructure Opportunities Fund II, LP, submitted a non-binding, indicative proposal to acquire 100 percent of New World Resources Limited for AUD 0.057 per share in cash. The proposal came shortly after New World entered a revised agreement with Central Asia Metals Plc on June 20, 2025.

The transaction was completed on October 27, 2025, with Kinterra acquiring 100% of the issued and outstanding shares of ASX-listed New World Resources Ltd (ASX: NWC) and its flagship Antler Copper Project in Arizona.