BlackRockMetals
FollowActive
- Proceeding
- CCAACompanies’ Creditors Arrangement Act, R.S.C. 1985, C-36 (as amended the “CCAA”)
- File
- 500-11-060598-212
OverviewSummary updated
BlackRock Metals Inc., together with BlackRock Mining Inc., BRM Metals GP Inc. and BlackRock Metals LP, obtained protection under the Companies' Creditors Arrangement Act on December 23, 2021 in the Superior Court of Québec, court file 500-11-060598-212, with Deloitte Restructuring Inc. as Monitor. The proceedings remain active. The list of creditors filed under s. 23(1)(a), drawn from the petitioners' books and records as at December 23, 2021 and covering claims over $1,000, totals CAD $94,544,017.69 and USD $40,018,000.51, the two currencies stated separately. OMF Fund II H Ltd. (Orion Resource Partners (USA) LP) and Investissement Québec are each listed as secured for CAD $45,379,500.00. The largest unsecured claim is Prosperity Materials Macao Commercial Offshore Limited at USD $40,000,000, followed by Revenu Québec at CAD $932,170.86, the Canada Revenue Agency at CAD $774,611.86 and the Cree Nation Government at CAD $500,000.
Proceedings AIAsk this case — answers cite the filings
Case updates37 dated entries
34 earlier updates, back to 23 December 2021 — subscribers.
Parties
Debtor
BlackRockMetals
Monitor
Deloitte
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Paquette | Superior Court of Québec | 5 orders, Dec 2021 – May 2022 | 5 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Creditor13482334 Canada Inc. (Counsels for) | DS Avocats Canada s.e.n.c.r.l., s.r.l. | 26 May 2022 | Service list · 26 May 2022 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | OMF Fund II H Ltd. (Orion Resource Partners (USA) LP)Typed “Secured” on the CCAA list of creditors; the security is not described. — Country of the creditor per the list: USA. — debtor: BlackRock Metals Inc., BlackRock Mining Inc., BRM Metals GP Inc., and BlackRock Metals LP (“BRM”) · as of 23 Dec 2021 | $45.4M | List of creditors |
Sale processAs stated in the filings
4 transactions · 2 approved · 1 proposed · 1 closed — Closing of the Transactions occurred per the Monitor's CertificateTrustee's Preliminary Report to Creditors (9468-4792 Québec Inc.) · 22 Jul 2022
Stalking horse
OMF Fund II H. Ltd. and Investissement Québec
| Purchaser | Price | Status | Source |
|---|---|---|---|
| IQ and Orionthe shares of BRM · share sale | Subscribers | Proposed | Second Report to the Court submitted by… |
| Purchaser defined by reference to unnamed Purchase Agreement; not named in operative textthe Purchased Shares · share sale | not stated | Approved31 May 2022outside 6 Jun 2022 | Orders on the Amended Sharholder's Bidder… |
| Investissement Québecall right, title and interest in and to the Purchased Shares · share sale · agreement 22 Dec 2021 | Subscribers | Approved1 Jun 2022 | Orders on the Amended Sharholder's Bidder… |
| OMF Fund II H. Ltd.all right, title and interest in and to the Purchased Shares · asset sale · ResidualCo: ResidualCo · agreement 22 Dec 2021 | Subscribers | Closed2 Jun 2022 | Trustee's Preliminary Report to Creditors… |
AdvisorsDeloitte Restructuring Inc. (sale agent)Teaser - BlackRock Metals reorganization opportunity
Closing termsVesting effective at the Effective Time upon issuance and delivery of the Monitor's CertificateOrders on the Amended Sharholder's Bidder application to extend the…
Sealed materialsExhibit A-4, non-binding letter of interest for USD$65M financingRectified Judgment on the Amended Shareholder Bidder’s Application to…
RecoveriesAs stated in the filings
Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report to Creditors (9468-4792 Québec Inc.) · 22 Jul 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report to Creditors (9468-4792 Québec Inc.) · 22 Jul 2022 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents
37 filings
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report to Creditors (9468-4792 Québec Inc.)
| PDF · Subscribers | |
Trustee's Preliminary Report to Creditors (9468-4800 Québec Inc.)
| PDF · Subscribers | |
| Certificate of Bankrupcty (9468-4792 Québec Inc.) | PDF · Subscribers | |
| Certificate of Bankruptcy (9468-4800 Québec Inc.) | PDF · Subscribers | |
| Notice of Bankruptcy and First Meeting of Creditors (9468-4792 Québec Inc.) | PDF · Subscribers | |
| Notice of Bankruptcy and First Meeting of Creditors (9468-4800 Québec Inc.) | PDF · Subscribers | |
Rectified Judgment on the Amended Shareholder Bidder’s Application to the extend the Phase 2 Bid Deadline and on the Debtors’ Application to Approve a Vesting Order dated July 8, 2022 (rectified July 13, 2022)
| PDF · Subscribers | |
Certificate of the Monitor
| PDF · Subscribers | |
Orders on the Amended Sharholder's Bidder application to extend the Phase 2 Bid Deadline and on the Debtor's application to Approve a Vesting Order - Rectified to include schedules dated June 1, 2022
| PDF · Subscribers | |
Orders on the Amended Sharholder's Bidder application to extend the Phase 2 Bid Deadline and on the Debtor's application to Approve a Vesting Order dated May 31, 2022
| PDF · Subscribers | |
| Amended application for Extension of the phase 2 BID deadline and the issuance of an order approving amended bidding procedures dated May 27, 2022 | PDF · Subscribers | |
| Notice of objection of the group of shareholders of BlackRock Metals inc. to the approval of the stalking horse agreement dated May 27, 2022 | PDF · Subscribers | |
Order granting a third extension of the stay period dated May 27, 202
| PDF · Subscribers | |
Fifth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity of Monitor
| PDF · Subscribers | |
Service List
| PDF · Subscribers | |
| Application for (i) a third Extension of the Stay of Proceedings and (ii) the Issuance of an Approval and Vesting Order and Ancillary Relief dated May 20, 2022 | PDF · Subscribers | |
| Application for Extension of the Phase 2 Bid Deadline and the Issuance of an Order Approving Amended Bidding Procedures dated May 11, 2022 | PDF · Subscribers | |
Order granting a second extension of the stay period dated March 25, 2022
| PDF · Subscribers | |
| Fourth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor | PDF · Subscribers | |
| Motion for a Second Extension of the Stay of Proceedings dated March 22, 2022 | PDF · Subscribers | |
Order granting a first extension of the stay period dated February 24, 2022
| PDF · Subscribers | |
Third Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
| PDF · Subscribers | |
Motion for a First Extension of the Stay of Proceedings dated February 17, 2022
| PDF · Subscribers | |
Teaser - BlackRock Metals reorganization opportunity
| PDF · Subscribers | |
| Amended and Restated Initial Order | PDF · Subscribers | |
Annex I to the Bidding Procedure Order January 7, 2022
| PDF · Subscribers | |
Order Approving a Sale and Investment Solicitation Process and Approving a Stalking Horse Agreement of Purchase and Sale
| PDF · Subscribers | |
Second Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
| PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
List of creditors
| PDF · Subscribers | |
| Notice to Creditors | PDF · Subscribers | |
| Notice to Employees | PDF · Subscribers | |
| Press Release | PDF · Subscribers | |
| Application for the Issuance of (I) an Initial Order, (II) an Amended and Restated Initial Order, and (III) an Order approving a Sale and Investment Solicitation Process and approving a Stalking Horse Agreement of Purchase and Sale ("CCAA") | PDF · Subscribers | |
| First Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Proposed Monitor | PDF · Subscribers | |
| Judgment on BlackRock' Application for an Amended and Restated Initial Order, for an Order Approving a Sale and Investment Solicitation Process and for and Order Approving a Stalking Horse Agreement of Purchase and Sale (December 22, 2021) and on the Proposed Intervenors' Application to Grant Intervention Status to Shareholders, for an Order Permitting the Examination of the Affiants and of Representatives of the Secured Creditors, for an Order Convening the Meeting of the Shareholders and Contestation (January 3, 2022) | PDF · Subscribers | |
| Stalking Horse Agreement | 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., “BlackRockMetals” (CCAA), Superior Court of Québec. Retrieved 20 September 2026, https://proceedings.ca/case/blackrockmetals