#Filing
Notice of Application for Taxation of Accounts and Discharge of Interim Receiver — Application / notice of application
Alliance Magnesium Inc., Alliance Magnesium Metallurgy Inc., Alliance Magnesium Mining Inc. and Tergeo Critical Minerals Inc
FollowActive
- Proceeding
- CCAAparagraphe 50.4(1) de la Loi sur la faillite et l'insolvabilité
- File
- 500-11-062826-231
OverviewSummary updated
Alliance Magnesium Inc., together with Alliance Magnesium Metallurgy Inc., Alliance Magnesium Mining Inc. and Tergeo Critical Minerals Inc., is the subject of active CCAA proceedings in Quebec. Consolidated annual financial statements for the four companies show an equity deficit exceeding $63 million as at March 31, 2023, reached after an impairment charge of nearly $51 million was recorded against capital assets in that year. Figures for the group are reported in Canadian dollars on a consolidated basis covering Tergeo and the three Alliance Magnesium entities.
Proceedings AIAsk this case — answers cite the filings
Case updates13 dated entries
10 earlier updates, back to 14 September 2023 — subscribers.
Parties
Debtor
Alliance Magnesium Inc., Alliance Magnesium Metallurgy Inc., Alliance Magnesium Mining Inc. and Tergeo Critical Minerals Inc
Monitor
PwC
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Collier | Superior Court of Québec | 1 order, Nov 2023 | 21 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorDébitrices | McCarthy Tétrault LLP | 20 Sep 2023 | Order · 20 Sep 2023 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Wilmington Trust, National Association (WTNA) · in 2 casesHypothèques conventionnelles sans dépossession sur l'universalité des biens meubles des Débitrices, publiées le 20 mars 2020, au montant de 75 000 000$, plus une hypothèque additionnelle de 15 000 000$, intérêt 25%/an; creancière de premier rang — Approximate outstanding balance per unaudited consolidated financial statements as at March 31, 2023; ranks first — debtor: Tergeo Minéraux Critiques inc. et al. (Débitrices) · as of 31 Mar 2023 | $57.9M | Application for the Appointment of an Interim Receiver (in French only) |
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents
13 filings
| Date | Document | File |
|---|---|---|
| Notice of Application for Taxation of Accounts and Discharge of Interim Receiver | PDF · Subscribers | |
Transition Order (in French only)
| PDF · Subscribers | |
| First Extension Order (in French only) | PDF · Subscribers | |
Report of the Trustee on the Business and Financial Affairs of the Debtors (in French only)
| PDF · Subscribers | |
| Application to extend the stay of proceedings and the time to file a proposal (in French only) | PDF · Subscribers | |
Alliance Mg Inc._Notice of Filing of Intention to Make a Proposal
| PDF · Subscribers | |
Alliance Mg Metallurgy Inc._Notice of Filing of Intention to Make a Proposal
| PDF · Subscribers | |
| Alliance Mg Mining Inc._Notice of Filing of Intention to Make a Proposal | PDF · Subscribers | |
Order Appointing an Interim Receive (in French only)
| PDF · Subscribers | |
Tergeo_Notice of Filing of Intention to Make a Proposal
| PDF · Subscribers | |
Application for the Appointment of an Interim Receiver (in French only)
| PDF · Subscribers | |
| Order authorizing PwC Inc. to act as trustee (in French only) | PDF · Subscribers | |
Application to authorize PwC Inc. to act as trustee in respect of the Notice of Intention (in French only)
| PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Alliance Magnesium Inc., Alliance Magnesium Metallurgy Inc., Alliance Magnesium Mining Inc. and Tergeo Critical Minerals Inc” (CCAA), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/alliance-magnesium-inc-alliance-magnesium-metallurgy-inc-alliance-magnesium-mini