Proceedings.

Elevation Gold Mining Corporation

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Active
Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
File
S-245121
Filings held137
Last activity3 Aug 2026
On the record781 days
OverviewSummary updated

Elevation Gold Mining Corporation and five affiliates — Eclipse Gold Mining Corporation, Alcmene Mining Inc., Golden Vertex Corp., Golden Vertex (Idaho) Corp. and Hercules Gold USA, LLC — obtained CCAA protection from the Supreme Court of British Columbia on August 1, 2024 in file S-245121, with KSV Restructuring Inc. as proposed monitor. The preliminary creditor list showed royalty claims by Maverix Metals Inc. c/o Triple Flag Precious Metals Corp. of USD 18,622,796.70 against Elevation Gold and USD 16,000,049.67 against Golden Vertex, and USD 2,158,338.95 owing to Mohave Electric Cooperative. Golden Vertex closed its sale and was dismissed from the Canadian proceeding on December 31, 2024. Patriot Gold Corp.'s disputed claims over its 3% net smelter returns royalty at the Moss Mine, asserted in Adversary Proceeding 2:24-ap-00253-EPB, were resolved by a Settlement Agreement dated July 22, 2026. The proceedings remain active.

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Case updates130 dated entries · 7 undated
#Report

The officer filed report no. Eighth Report. The Petitioners have sold all of their assets and no longer generate any cash receipts; the Monitor continues to oversee wind-down administration and the ongoing Royalty Litigation with Patriot and Nomad.

Source: Eighth Report of the Monitor dated June 16, 2026

#Sale

The court granted an approval and vesting order for the sale to EG Acquisition LLC. Closing terms, as extracted: Delivery of possession and Monitor's Certificate mechanics. Sealed: Sale Agreement, Confidential Seventh Affidavit of Tim Swendseid.

Source: Approval and Vesting Order dated December 17, 2024

Undated filings7 — no date appears on the document · show
Filing

Declaration of Robert Kofman in Support of Debtor's Motion for Summary Judgement Against Sandstorm Limited Application filed

PDF

Filing

Defendants' Motion for Partial Summary Judgement Application filed

PDF

Filing

Joinder of the Group in the Monitor's Reply in Support of Motion for Recognition and Enforcement of Canadian Financing and KERP order Application filed

PDF

Filing

Joint Motion By Royalty Holders Regarding Procedural Issues Application filed

PDF

Filing

Patriot's Controverting Statement of Facts Application filed

PDF

Filing

Reply in Support of Motion to Expedite Royalty Determination Motions Application filed

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Filing

Response to motion to determine the nature of the finder's fee agreement Application filed

PDF

Case update

Elevation Gold: the monitor signs, because nobody else is left

After the Moss Mine was sold out of the CCAA in December 2024, the operating company left the Canadian proceeding and the directors of every remaining debtor resigned. A royalty holder's lawsuit carried on regardless. The settlement filed in Arizona on August 3 asks the US court to recognise the Canadian enhanced powers order and let the monitor execute the settlement documents on behalf of companies that no longer have officers.

Parties

Debtor

Elevation Gold Mining Corporation

Monitor

AlixPartners

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice FitzpatrickSupreme Court of British Columbia8 orders, Aug 2024 – Jun 202649 cases on record
Justice MilmanSupreme Court of British Columbia2 orders, Sep 202415 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorAlixPartnersFasken Martineau DuMoulin LLP22 Jun 2026Service list · 22 Jun 2026
DebtorElevation Gold Mining CorporationLawson Lundell LLP · Maxis Legal Suite22 Jun 2026Service list · 22 Jun 2026
CreditorAsahi Refining USA, IncMLT Aikins LLP22 Jun 2026Service list · 22 Jun 2026
CreditorBurdine Anderson GieseJackson Walker LLP19 Jun 2025Application · 19 Jun 2025
CreditorHartmut WWhitley Legal Group, P.C.22 Jun 2026Service list · 22 Jun 2026
CreditorMary Anderson AbellJackson Walker LLP19 Jun 2025Application · 19 Jun 2025
CreditorME Global IncKelly Santini LLP22 Jun 2026Service list · 22 Jun 2026
CreditorNick CarlsonClark Wilson LLP22 Jun 2026Service list · 22 Jun 2026
CreditorNomad Royalty Company LimitedCassels Brock & Blackwell LLP22 Jun 2026Service list · 22 Jun 2026
CreditorPatriot Gold CorpMcCarthy Tétrault LLP22 Jun 2026Service list · 22 Jun 2026
CreditorRobin SchwillDavies Ward Phillips & Vineberg LLP22 Jun 2026Service list · 22 Jun 2026
CreditorTriple Flag Precious Metals CorpTorys LLP22 Jun 2026Service list · 22 Jun 2026
CreditorTrisura Guarantee Insurance CompanyBorden Ladner Gervais LLP22 Jun 2026Service list · 22 Jun 2026
Capital structureAs asserted in the filings
USD · stated amounts, drawn to scale · 2 named without a figure
stated amounts, drawn to scale
#Priority classCreditorAmountSource
4SecuredPatriot Gold Corp.Royalty Deed (Patented and Unpatented Mining Claims) dated as of May 25, 2016, recorded May 26, 2016 in Mohave County, Arizona (FEE#2016023500): a Royalty of 3% of Net Smelter Returns from mineral production at the Moss Mine; a covenant running with the land, and per the Settlement Agreement and Stipulated Judgment adjudicated to be a real property interest in the minerals and their proceeds at the Moss Mine, valid, binding and enforceable against GVC and any successor owner (pages 13, 15, 39-42) — Not a loan balance: Patriot holds a royalty / real property interest, and no pre-filing debt balJoint Motion for Order Approving Patriot Gold Corp. Settlement dated August 3, 2026
8UnsecuredMaverix Metals Inc. c/o Triple Flag Precious Metals Corp. (Elevation Gold)Royalty holder — debtor: Elevation Gold · as of 1 Aug 2024$18.6M USDList of Creditors as at August 1, 2024
8UnsecuredMaverix Metals Inc. c/o Triple Flag Precious Metals Corp. (Golden Vertex)Royalty holder — debtor: Golden Vertex · as of 1 Aug 2024$16M USDList of Creditors as at August 1, 2024
8UnsecuredCalesido Foundation, Quijano & Associates (Capital Union Bank)debtor: Elevation Gold · as of 1 Aug 2024$3.38MList of Creditors as at August 1, 2024
8UnsecuredMohave Electric Cooperativedebtor: Golden Vertex · as of 1 Aug 2024$2.16M USDList of Creditors as at August 1, 2024
8UnsecuredPatriot Gold Corp.debtor: Golden Vertex · as of 1 Aug 2024$1.62M USDList of Creditors as at August 1, 2024
8UnsecuredBanque Lombard Odier & Cie SAdebtor: Elevation Gold · as of 1 Aug 2024$1.61MList of Creditors as at August 1, 2024
8UnsecuredJAYVEE & CO.debtor: Elevation Gold · as of 1 Aug 2024$717KList of Creditors as at August 1, 2024
8UnsecuredSandstorm Gold RoyaltiesRoyalty holder — debtor: Golden Vertex · as of 1 Aug 2024$656K USDList of Creditors as at August 1, 2024
8UnsecuredGreenwood RoyaltyRoyalty holder — debtor: Golden Vertex · as of 1 Aug 2024$411K USDList of Creditors as at August 1, 2024
8UnsecuredWestern Explosives Systems Companydebtor: Golden Vertex · as of 1 Aug 2024$327K USDList of Creditors as at August 1, 2024
8UnsecuredVictor Ivanow Hoyosdebtor: Elevation Gold · as of 1 Aug 2024$307KList of Creditors as at August 1, 2024
8UnsecuredGoodfellow Corporationdebtor: Golden Vertex · as of 1 Aug 2024$299K USDList of Creditors as at August 1, 2024
8UnsecuredBanque Pictet & Cie SAdebtor: Elevation Gold · as of 1 Aug 2024$256KList of Creditors as at August 1, 2024
8UnsecuredCovoro Mining Solutions LLCdebtor: Golden Vertex · as of 1 Aug 2024$243K USDList of Creditors as at August 1, 2024
8UnsecuredDavid Splettdebtor: Elevation Gold · as of 1 Aug 2024$205KList of Creditors as at August 1, 2024
8UnsecuredBernadette BerryIndividual creditor - possible related party (shares surname with Doug Berry) — debtor: Elevation Gold · as of 1 Aug 2024$164KList of Creditors as at August 1, 2024
8UnsecuredBoppe Guillaume pp Boppe Céciledebtor: Elevation Gold · as of 1 Aug 2024$154KList of Creditors as at August 1, 2024
8UnsecuredRebel Oil Co., Inc.debtor: Golden Vertex · as of 1 Aug 2024$125K USDList of Creditors as at August 1, 2024
8UnsecuredHartmut Baitisdebtor: Golden Vertex · as of 1 Aug 2024$113K USDList of Creditors as at August 1, 2024
8UnsecuredRobert Hawkinsdebtor: Golden Vertex · as of 1 Aug 2024$113K USDList of Creditors as at August 1, 2024
8UnsecuredLarry Lackeydebtor: Golden Vertex · as of 1 Aug 2024$113K USDList of Creditors as at August 1, 2024
8UnsecuredLhoist North America of Arizonadebtor: Golden Vertex · as of 1 Aug 2024$112K USDList of Creditors as at August 1, 2024
8UnsecuredME Global Inc. · in 2 casesdebtor: Golden Vertex · as of 1 Aug 2024$95.4K USDList of Creditors as at August 1, 2024
8UnsecuredPiteau Associates USA Ltd.debtor: Golden Vertex · as of 1 Aug 2024$76.2K USDList of Creditors as at August 1, 2024
8UnsecuredHutch Industrial LLCdebtor: Golden Vertex · as of 1 Aug 2024$62.2K USDList of Creditors as at August 1, 2024
8UnsecuredCaterpillar Financial Services Corporation · in 2 casesdebtor: Golden Vertex · as of 1 Aug 2024$55.6K USDList of Creditors as at August 1, 2024
8UnsecuredKimball Equipment Companydebtor: Golden Vertex · as of 1 Aug 2024$47.8K USDList of Creditors as at August 1, 2024
8UnsecuredDoug BerryIndividual creditor - possible related party (shares surname with Bernadette Berry) — debtor: Elevation Gold · as of 1 Aug 2024$44.1KList of Creditors as at August 1, 2024
8UnsecuredArizona Department of Revenue · in 6 casesTax authority claim — debtor: Golden Vertex · as of 1 Aug 2024$42.6K USDList of Creditors as at August 1, 2024
8UnsecuredEnterprise Car Rentaldebtor: Golden Vertex · as of 1 Aug 2024$39.8K USDList of Creditors as at August 1, 2024
8UnsecuredRCL Mining Inc.debtor: Golden Vertex · as of 1 Aug 2024$38.2K USDList of Creditors as at August 1, 2024
8UnsecuredFLSmidth Inc.debtor: Golden Vertex · as of 1 Aug 2024$35.1K USDList of Creditors as at August 1, 2024
8UnsecuredKPMG LLP · in 51 casesdebtor: Elevation Gold · as of 1 Aug 2024$29.7KList of Creditors as at August 1, 2024
8UnsecuredSouthwest Irrigation LLCdebtor: Golden Vertex · as of 1 Aug 2024$27.8K USDList of Creditors as at August 1, 2024
8UnsecuredLegenddebtor: Golden Vertex · as of 1 Aug 2024$17.6K USDList of Creditors as at August 1, 2024
8UnsecuredMardian Equipment Co.debtor: Golden Vertex · as of 1 Aug 2024$14.7K USDList of Creditors as at August 1, 2024
8UnsecuredSVL Analytical, Inc.debtor: Golden Vertex · as of 1 Aug 2024$14.5K USDList of Creditors as at August 1, 2024
8UnsecuredNewFields Companies LLCdebtor: Golden Vertex · as of 1 Aug 2024$13.5K USDList of Creditors as at August 1, 2024
8UnsecuredMobile Modular Management Corp.debtor: Golden Vertex · as of 1 Aug 2024$13.3K USDList of Creditors as at August 1, 2024
8UnsecuredFastenal · in 17 casesdebtor: Golden Vertex · as of 1 Aug 2024$12.7K USDList of Creditors as at August 1, 2024
8UnsecuredGrainger · in 3 casesdebtor: Golden Vertex · as of 1 Aug 2024$12.3K USDList of Creditors as at August 1, 2024
8UnsecuredGraybar Electric Companydebtor: Golden Vertex · as of 1 Aug 2024$11.4K USDList of Creditors as at August 1, 2024
8UnsecuredUnited Rentals · in 40 casesdebtor: Golden Vertex · as of 1 Aug 2024$11.3K USDList of Creditors as at August 1, 2024
8UnsecuredEmpire Catdebtor: Golden Vertex · as of 1 Aug 2024$11K USDList of Creditors as at August 1, 2024
8UnsecuredComputershare · in 36 casesdebtor: Elevation Gold · as of 1 Aug 2024$11KList of Creditors as at August 1, 2024
8UnsecuredFidelity Clearing Canada ULC ITF Elizabeth Andersondebtor: Elevation Gold · as of 1 Aug 2024$10.2KList of Creditors as at August 1, 2024
8UnsecuredFidelity Clearing Canada ULC of ITF James E. Andersondebtor: Elevation Gold · as of 1 Aug 2024$10.2KList of Creditors as at August 1, 2024
8UnsecuredAir Hygiene International Inc.debtor: Golden Vertex · as of 1 Aug 2024$9.6K USDList of Creditors as at August 1, 2024
8UnsecuredSpecialized Conveyor Services LLCdebtor: Golden Vertex · as of 1 Aug 2024$8.5K USDList of Creditors as at August 1, 2024
8UnsecuredUniFirst Corporation · in 5 casesdebtor: Golden Vertex · as of 1 Aug 2024$8.06K USDList of Creditors as at August 1, 2024
8UnsecuredAlfred H Knight North America Ltd. · in 2 casesdebtor: Golden Vertex · as of 1 Aug 2024$7.83K USDList of Creditors as at August 1, 2024
8UnsecuredCMS Condition Monitoring Services, Inc.debtor: Golden Vertex · as of 1 Aug 2024$7.74K USDList of Creditors as at August 1, 2024
8UnsecuredMohave Environmental Labdebtor: Golden Vertex · as of 1 Aug 2024$7.17K USDList of Creditors as at August 1, 2024
8UnsecuredRepublic Services · in 2 casesdebtor: Golden Vertex · as of 1 Aug 2024$7.08K USDList of Creditors as at August 1, 2024
8UnsecuredLinde Gas & Equipment, Inc.debtor: Golden Vertex · as of 1 Aug 2024$6.5K USDList of Creditors as at August 1, 2024
8UnsecuredPrincipal Life Insurance Companydebtor: Golden Vertex · as of 1 Aug 2024$5.87K USDList of Creditors as at August 1, 2024
8UnsecuredRons Tire & Auto Repairdebtor: Golden Vertex · as of 1 Aug 2024$5.83K USDList of Creditors as at August 1, 2024
8UnsecuredKRJA Systems, Inc. / Maptekdebtor: Golden Vertex · as of 1 Aug 2024$5.72K USDList of Creditors as at August 1, 2024
8UnsecuredAllTerra Central, Inc.debtor: Golden Vertex · as of 1 Aug 2024$5.72K USDList of Creditors as at August 1, 2024
8UnsecuredMather Bros Inc.debtor: Golden Vertex · as of 1 Aug 2024$5.71K USDList of Creditors as at August 1, 2024
8UnsecuredHaywood Securities Inc. · in 3 casesdebtor: Elevation Gold · as of 1 Aug 2024$5.12KList of Creditors as at August 1, 2024
8UnsecuredU-Line · in 4 casesdebtor: Golden Vertex · as of 1 Aug 2024$4.92K USDList of Creditors as at August 1, 2024
8UnsecuredSmartt Inc. (Elevation Gold)debtor: Elevation Gold · as of 1 Aug 2024$4.79KList of Creditors as at August 1, 2024
8UnsecuredAsahi Refining USA Inc.debtor: Golden Vertex · as of 1 Aug 2024$4.64K USDList of Creditors as at August 1, 2024
8UnsecuredRajwant Kangdebtor: Elevation Gold · as of 1 Aug 2024$4.1KList of Creditors as at August 1, 2024
8UnsecuredNorthwest Towers LLCdebtor: Golden Vertex · as of 1 Aug 2024$3.89K USDList of Creditors as at August 1, 2024
8UnsecuredALS USA Inc.debtor: Eclipse Gold · as of 1 Aug 2024$3.56K USDList of Creditors as at August 1, 2024
8UnsecuredHP.comdebtor: Golden Vertex · as of 1 Aug 2024$3.45K USDList of Creditors as at August 1, 2024
8UnsecuredSmartt Inc. (Golden Vertex)debtor: Golden Vertex · as of 1 Aug 2024$3.04KList of Creditors as at August 1, 2024
8UnsecuredMS Business Park LLCdebtor: Golden Vertex · as of 1 Aug 2024$2.87K USDList of Creditors as at August 1, 2024
8UnsecuredNevada Boiler Parts, LLCdebtor: Golden Vertex · as of 1 Aug 2024$2.6K USDList of Creditors as at August 1, 2024
8UnsecuredBullhead City Tire Prosdebtor: Golden Vertex · as of 1 Aug 2024$2.44K USDList of Creditors as at August 1, 2024
8UnsecuredTimothy Grzybdebtor: Elevation Gold · as of 1 Aug 2024$2.05KList of Creditors as at August 1, 2024
8UnsecuredHQ Portables LLCdebtor: Golden Vertex · as of 1 Aug 2024$1.98K USDList of Creditors as at August 1, 2024
8UnsecuredNational Medical Systems, Inc.debtor: Golden Vertex · as of 1 Aug 2024$1.89K USDList of Creditors as at August 1, 2024
8UnsecuredBaker Furnace, Inc.debtor: Golden Vertex · as of 1 Aug 2024$1.54K USDList of Creditors as at August 1, 2024
8UnsecuredWestern Oilfields Supply Co. dba Rain for Rentdebtor: Golden Vertex · as of 1 Aug 2024$1.52K USDList of Creditors as at August 1, 2024
8UnsecuredColleagues Systems Pty Ltd.debtor: Golden Vertex · as of 1 Aug 2024$1.5K USDList of Creditors as at August 1, 2024
8UnsecuredBaghouse & Industrial Sheet Metal Servicesdebtor: Golden Vertex · as of 1 Aug 2024$1.45K USDList of Creditors as at August 1, 2024
8UnsecuredGary Kwokdebtor: Elevation Gold · as of 1 Aug 2024$1.02KList of Creditors as at August 1, 2024
8UnsecuredToby Currandebtor: Elevation Gold · as of 1 Aug 2024$1.02KList of Creditors as at August 1, 2024
8UnsecuredChantal Busedebtor: Elevation Gold · as of 1 Aug 2024$1.02KList of Creditors as at August 1, 2024
8UnsecuredChristopher Currandebtor: Elevation Gold · as of 1 Aug 2024$1.02KList of Creditors as at August 1, 2024
8UnsecuredGrace Kwokdebtor: Elevation Gold · as of 1 Aug 2024$1.02KList of Creditors as at August 1, 2024
8UnsecuredWalter Busedebtor: Elevation Gold · as of 1 Aug 2024$1.02KList of Creditors as at August 1, 2024
8UnsecuredXEROX Corporationdebtor: Golden Vertex · as of 1 Aug 2024$970 USDList of Creditors as at August 1, 2024
8UnsecuredSage View Advisory Group, LLCdebtor: Golden Vertex · as of 1 Aug 2024$888 USDList of Creditors as at August 1, 2024
8UnsecuredCorporate Traveller Fraserdebtor: Golden Vertex · as of 1 Aug 2024$737List of Creditors as at August 1, 2024
8UnsecuredAdvanced Ceramics & Crucibledebtor: Golden Vertex · as of 1 Aug 2024$720 USDList of Creditors as at August 1, 2024
8UnsecuredTri-State Hose & Fittings, LLCdebtor: Golden Vertex · as of 1 Aug 2024$643 USDList of Creditors as at August 1, 2024
8UnsecuredIndependent Electric Supply, Inc.debtor: Golden Vertex · as of 1 Aug 2024$501 USDList of Creditors as at August 1, 2024
8UnsecuredAxium Scientificdebtor: Golden Vertex · as of 1 Aug 2024$480 USDList of Creditors as at August 1, 2024
8UnsecuredBlue River Water Corporationdebtor: Golden Vertex · as of 1 Aug 2024$450 USDList of Creditors as at August 1, 2024
8UnsecuredUnivar Solutions USA, Inc.debtor: Golden Vertex · as of 1 Aug 2024$421 USDList of Creditors as at August 1, 2024
8UnsecuredLedoux & Companydebtor: Golden Vertex · as of 1 Aug 2024$337 USDList of Creditors as at August 1, 2024
8UnsecuredXerographics of Flaggstaff dba Smart Documentsdebtor: Golden Vertex · as of 1 Aug 2024$310 USDList of Creditors as at August 1, 2024
8UnsecuredBug Emergency, Inc.debtor: Golden Vertex · as of 1 Aug 2024$295 USDList of Creditors as at August 1, 2024
8UnsecuredBullhead Autodebtor: Golden Vertex · as of 1 Aug 2024$292 USDList of Creditors as at August 1, 2024
8UnsecuredProactive Investors North America · in 3 casesdebtor: Elevation Gold · as of 1 Aug 2024$269List of Creditors as at August 1, 2024
8UnsecuredApscreen Employment Screening Servicesdebtor: Golden Vertex · as of 1 Aug 2024$258 USDList of Creditors as at August 1, 2024
8UnsecuredShred-it International ULC · in 31 casesdebtor: Elevation Gold · as of 1 Aug 2024$130List of Creditors as at August 1, 2024
8UnsecuredKonica Minolta · in 4 casesdebtor: Elevation Gold · as of 1 Aug 2024$34List of Creditors as at August 1, 2024
8UnsecuredCobra Management Services LLCdebtor: Golden Vertex · as of 1 Aug 2024$23 USDList of Creditors as at August 1, 2024
8UnsecuredArizona Motor Vehicle Divisiondebtor: Golden Vertex · as of 1 Aug 2024$0 USDList of Creditors as at August 1, 2024
8UnsecuredMesa Valley Pipe & SupplyNegative/credit balance shown — debtor: Golden Vertex · as of 1 Aug 2024$-108 USDList of Creditors as at August 1, 2024

“not stated” means the record names the claim without a figure; “” means not in the extracted record.

Sale processAs stated in the filings

3 transactions · 3 closedThe SISP resulted in the Transaction, which was approved and closedEighth Report of the Monitor dated June 16, 2026 · 16 Jun 2026

PurchaserPriceStatusSource
EG Acquisition LLCall issued and outstanding shares of Golden Vertex Corporation and related purchased assets · share sale · agreement 2 Dec 2024SealedPurchase price increases if certain royalty litigation conditions are met; specific amount not stated in the excerpted textClosed2 Jan 2025Eighth Report of the Monitor dated June 16, 2026
Alcmene Mining Inc.100% of the shares of Alcmene · share sale · ResidualCo: Elevation Gold · agreement 29 Aug 2024$250KClosedoutside 31 Dec 2024Eighth Report of the Monitor dated June 16, 2026
Strikepoint Gold Inc.100% of the shares of Alcmene Mining · share sale · agreement 29 Aug 2024$250KClosed29 Aug 2024Eighth Report of the Monitor dated June 16, 2026
AdvisorsINFOR Financial Inc. (sale agent); Stifel Nicolaus Canada (financial advisor)Notice of Filing Certified Transcript of the Canadian Proceedings
Closing termsoutside closing date of December 31, with the transaction expected to close December 30, pending court and US recognitionNotice of Filing Certified Transcript of the Canadian Proceedings
Sealed materialsSale Agreement; Confidential Seventh Affidavit of Tim Swendseid; confidential affidavit #7 of Tim Swendseid sworn December 3, 2024Approval and Vesting Order dated December 17, 2024
RecoveriesAs declared or paid

Secured creditors: short by $50M. Maverix Metals Inc. $2.5M USD.EstimatedSupplement to Motion for Recognition and Enforcement of Canadian Sale… · 23 Dec 2024

ClassCreditorClaimsRecoveryBasisSource
Securedthe two secured creditors (CCFL and the Royal Bank of Canada)short by $50MEstimatedSupplement to Motion for Recognition and Enforcement of Canadian Sale… · 23 Dec 2024
SecuredMaverix Metals Inc.$2.5M USDinterimFinalper the monitorSixth Report of the Monitor · 19 Jun 2025

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

Cash on hand

$2.9M USD

As at 16 Jun 2026Eighth Report of the Monitor dated June 16, 2026

Documents
137 filings
DateDocumentFile
Joint Motion for Order Approving Patriot Gold Corp. Settlement dated August 3, 2026
  • Secured creditors Note: Not a loan balance: Patriot holds a royalty / real property interest, and no pre-filing debt balance is stated. Patriot asserted 'very substantial monetary and other claims' (amounts never quantified) in Adversary Proceeding 2:24-ap-00253-EPB; the Debtors denied all claims, and the dispute was resolved by the Settlement Agreement dated July 22, 2026 at 'a substantial discount from the full amounts asserted'. Settlement Payments (each labelled, not summed per the document): Turnover Payment of USD 1,475,612.47 — the funds segregated at Wells Fargo under the December 22, 2025 Injunction Order — paid June 8, 2026 (page 14); Additional Payment of USD 1,550,000.00 due within five business days after the Effective Date (page 15). Subject to receipt of the Settlement Payments, Patriot releases all Claims against the GVC Residual Assets, which can be made available for distribution to other creditors (pages 5, 15). GVC will continue performing the Royalty obligations for all periods from and after May 31, 2026 (page 15). · Page: 15 · Debtor: Golden Vertex Corp. (GVC); monetary claims were asserted against all Debtors · Creditor: Patriot Gold Corp. · Currency: USD · Security: Royalty Deed (Patented and Unpatented Mining Claims) dated as of May 25, 2016, recorded May 26, 2016 in Mohave County, Arizona (FEE#2016023500): a Royalty of 3% of Net Smelter Returns from mineral production at the Moss Mine; a covenant running with the land, and per the Settlement Agreement and Stipulated Judgment adjudicated to be a real property interest in the minerals and their proceeds at the Moss Mine, valid, binding and enforceable against GVC and any successor owner (pages 13, 15, 39-42)
PDF
Notice of Joint Motion for Order Approving Patriot Gold Corp. Settlement dated August 3, 2026
  • Unsecured creditors per Disputed claims asserted in Adversary Proceeding No. 2:24-ap-00253-EPB (declaratory judgment on the Royalty Deed, accounting, turnover, constructive trust, conversion, breach of contract, breach of implied duty of good faith, aiding and abetting conversion, unjust enrichment, punitive damages and attorneys' fees), resolved by Settlement Agreement dated as of July 22, 2026 — No claim amount is stated; the Joint Motion says the settlement resolves Patriot's monetary claims 'at a substantial discount from the full amounts asserted' (p. 13). Settlement Payments are stated as components and are not summed here: Turnover Payment of US$1,475,612.47, paid June 8, 2026 from funds segregated at Wells Fargo Bank under the Injunction Order (p. 21-22), and Additional Payment of US$1,550,000.00 payable within five business days after the Effective Date (p. 22). The Stipulated Judgment adjudicates that the Royalty Deed dated May 25, 2016 grants Patriot a real property interest in the minerals and their proceeds at the Moss Mine — a property interest, not a debt (p. 42). GVC closed its sale and was dismissed from the Canadian CCAA proceeding on December 31, 2024 (p. 10), so the paying obligor is no longer a debtor in the Canadian Proceeding; upon full payment Patriot releases all claims against the GVC Residual Assets held by the Monitor (p. 22). Claims were disputed and denied by the Debtors (p. 10).
PDF
Order Made After Application dated June 29, 2026
  • Presiding officer Justice Fitzpatrick
PDF
Service List as at June 22, 2026
  • Counsel Torys LLP
PDF
Notice of Application dated June 19, 2026
  • Counsel Jackson Walker LLP
PDF
Eighth Report of the Monitor dated June 16, 2026
  • Cash on hand $2.9M USD · Note: GVC Residual Assets segregated account balance unchanged except for accrual of approximately $135,594 of interest · Qualifier: approximately
  • Closing confirmed Closed · 2 Jan 2025 · EG Acquisition LLC; Closed · 29 Aug 2024 · Strikepoint Gold Inc.
  • Operational summary The Petitioners have sold all of their assets and no longer generate any cash receipts; the Monitor continues to oversee wind-down administration and the ongoing Royalty Litigation with Patriot and Nomad.
  • Purchaser EG Acquisition LLC · all issued and outstanding common shares of GVC · share sale · closed; Alcmene Mining Inc. · 100% of the shares of Alcmene · share sale · $250K · closed
  • + 4 more extracted facts
PDF
Order (Second Motion for Preliminary Injunction) dated December 22, 2025PDF
Stay Extension Order dated December 8, 2025
  • Presiding officer Justice Fitzpatrick
PDF
Notice of Application (Stay Extension) dated December 4, 2025
  • Counsel Jackson Walker LLP
PDF
Seventh Report of the Monitor dated December 4, 2025
  • Closing confirmed Closed · 31 Dec 2024 · EG Acquisition LLC
  • Purchaser EG Acquisition LLC · all issued and outstanding common shares of GVC · share sale · closed
  • Sale advisor INFOR Financial Group Inc. (sale agent)
  • Sale outcome Sale closed — The Transaction closed and the Monitor filed its certificate confirming closing
PDF
Patriot's Second Motion for Preliminary Injunction dated November 11, 2025PDF
Order (Cross-Motions for Partial Summary Judgment) dated October 22, 2025PDF
Reply re Motion for Summary Judgment and ResponsePDF
Supplemental Appendix Of Exhibits Cited In Plaintiff Patriot Gold Corp.’s Controverting StatementPDF
Order Denying Injunction dated August 15, 2025PDF
Order Setting Initial Hearing on Preliminary Injunction Motions for July 15, 2025PDF
Order Setting Initial Hearing on Preliminary Injunction Motions for July 15, 2025 (2)PDF
Order Made After Application of Justice Walker dated June 23, 2025
  • Presiding officer Justice Walker
PDF
Notice of Application dated June 19, 2025
  • Counsel Jackson Walker LLP
PDF
Sixth Report of the Monitor dated June 19, 2025
  • Recovery outcome Entries: per actual · Table missing:
PDF
Order Granting Motion to Extend Certain Discovery and Pretrial DeadlinesPDF
Order dated March 5, 2025
  • Presiding officer Justice Fitzpatrick
PDF
Supplement to the Fifth Report of the Monitor dated February 28, 2025PDF
Affidavit #1 of Jordan Beaulieu made on February 26, 2025PDF
Monitor's Notice of Application dated February 26, 2025PDF
Nomad Royalty Company Ltd's Responses and Objections to Defendants' Requests for Admission to Plaintiff Noman Royalty Company Ltd.PDF
Application Response of Patriot Gold Corp. dated February 12, 2025PDF
Affidavit #2 of Sue Danielisz sworn February 11, 2025PDF
Affidavit #1 of Hayley Roberts affirmed on February 10, 2025PDF
Application Response of Nomad Royalty Company Limited dated February 10, 2025PDF
Sealing Order dated January 31, 2025
  • Presiding officer Justice Fitzpatrick
PDF
Stay Extension Order dated January 31, 2025
  • Presiding officer Justice Fitzpatrick
PDF
Monitor's Notice of Application dated January 28, 2025PDF
Fifth Report of the Monitor dated January 27, 2025
  • Closing confirmed Closed · 31 Dec 2024 · EG Acquisition LLC
  • Sale advisor INFOR Financial Inc. (sale agent)
  • Sale outcome Sale closed — The Transaction closed on December 31, 2024
PDF
Monitor's Certificate dated December 31, 2024
  • Closing confirmed Closed · date not stated · EG Acquisition LLC
PDF
Notice of Errata re Patriot and Nomad's Joint Notice of Lodging Proposed Order Granting the Monitor's Expanded PowersPDF
Notice of Withdrawal of Motion for Recognition and Enforcement of Canadian Order Expanding Monitor’s PowersPDF
Order Recognizing and Enforcing Canadian Sale Order and Distribution Order
  • Residualco Elevation Gold
PDF
Patriot and Nomad's Joint Notice of Lodging Proposed Order Granting the Monitor Expanded PowersPDF
Patriot and Nomad's Joint Notice of Lodging Proposed Order Recognizing Canadian Sale OrderPDF
Monitor's Notice of Lodging Proposed Order Recognizing and Enforcing Canadian Sale and Distribution OrdersPDF
Monitor's Objection to Patriot and Nomad Form of Canadian Sale and Distribution OrdersPDF
Patriot and Nomad's Joint Objection to Revised Proposed Order Lodged by Monitor Recognizing Canadian Sale OrderPDF
Supplement to Motion for Recognition and Enforcement of Canadian Sale and Distribution Order
  • Recovery outcome Entries: per unstated · Table missing:
PDF
Notice of Filing Certified Transcript of the Canadian Proceedings
  • Bid deadline 18 October 2024
  • Closing terms outside closing date of December 31, with the transaction expected to close December 30, pending court and US recognition
  • Order date 17 December 2024
  • Outside date 31 December 2024
  • + 4 more extracted facts
PDF
Notice of Filing Oral Reasons For Judgment of the Canadian CourtPDF
Order Granting Joint Ex Parte Motion of Nomad Royalty and PatriotPDF
Approval and Vesting Order dated December 17, 2024
  • Closing terms Delivery of possession and Monitor's Certificate mechanics
  • Order date 17 December 2024
  • Purchaser EG Acquisition LLC · all of the right, title and interest of Elevation Gold, if any, in and to all of the Property and undertaking of Elevation Gold (other than the Excluded Assets), held for use in or relating to the Business, including...the GVC Shares · asset sale · price sealed · approved
  • Sale advisor INFOR Financial Inc. (sale agent)
  • + 2 more extracted facts
PDF
Distribution Order dated December 17, 2024PDF
Enhanced Powers Order dated December 17, 2024
  • Presiding officer Justice Fitzpatrick
PDF
Sealing Order dated December 17, 2024PDF
Trisura Amended Conditional Objection to Motion For Recognition & Enforcement of Canadian Sale OrderPDF
Application Response of Nomad Royalty Company Ltd. dated December 16, 2024PDF
Notice to Contract Parties re US Court Hearing dated December 16, 2024PDF
Affidavit #1 of S. Danielisz dated December 13, 2024PDF
Application Response of Patriot Gold Corp. dated December 13, 2024PDF
Notice of Hearing on Motion for Recognition and Enforcement of Canadian Sale and Distribution OrderPDF
Supplement to the Fourth Report of the Monitor dated December 11, 2024PDF
Notice of Application (Enhanced Powers Order) dated December 10, 2024PDF
Order Granting Monitor's Motion to File Sale Agreement Under SealPDF
Affidavit 8 of Tim Swendseid sworn December 9, 2024PDF
Notice of Lodging Order Granting Ex Parte Motion for Order Shortening Time for Hearing on MotionPDF
Notice of Lodging Order Granting Monitor's Motion to File Sale Agreement Under SealPDF
Affidavit #6 of Tim Swendseid sworn December 3, 2024PDF
Fourth Report of the Monitor dated December 3, 2024
  • Recovery outcome Entries: per estimated · Stated on: 2024-12-03 · Table missing:
PDF
Monitor's Second Supplemental Report dated December 3, 2024PDF
Notice of Application (Approval and Vesting Order) dated December 3, 2024
  • Recovery outcome Entries: per unstated; per unstated · Table missing:
PDF
Notice to Contract Parties re Canadian Court Hearing dated December 3, 2024PDF
Second Supplement to Third Report of the Monitor dated December 3, 2024PDF
Second Supplement to the Third Report of the Monitor dated December 3, 2024PDF
Motion to Expedite Royalty Determination MotionsPDF
Notice of Filing Supplement to Third Report of the MonitorPDF
Nomad's Objection to the Motion for Summary Judgment Against NomadPDF
Patriot Complaint dated November 19, 2024PDF
Patriot's Joinder in Nomad Objection to Motion to Expedite Motion for Summary Judgment Against Nomad dated November 19, 2024PDF
Notice of Rescheduled Hearing on Motion to Expedite Motion for Summary Judgment Against NomadPDF
Notice of Settlement and Request to Vacate Hearing on Motion to Determine Nature of Finder's Fee AgreementPDF
Stipulated Motion to Expedite Hearing on Motion to Determine Nature of Finder's Fee AgreementPDF
Notice of Hearing on Motion to Determine Nature of Finder's Fee AgreementPDF
Notice of Lodging Order Regarding Finder's Fee AgreementPDF
Order Granting Stipulated Motion to Expedite Hearing on Motion to Determine Nature of Finder's Fee AgreementPDF
Notice of Hearing Regarding Motion to Expedite Motion for Summary Judgment Against NomadPDF
Motion to Expedite Motion for Summary Judgment Against NomadPDF
Notice of Lodging Order Granting Motion to Expedite Motion for Summary Judgment Against NomadPDF
Monitor's Motion to File Under SealPDF
Monitor's Supplemental Report dated November 4, 2024PDF
Declaration of Neville Dastoor dated November 1, 2024PDF
Stay Extension Order dated November 1, 2024
  • Presiding officer Justice Fitzpatrick
PDF
Order Setting Scheduling Hearing Regarding Debtor's Avoidance Motions dated October 28 2024PDF
Reply to Motion Application Notice of FilingPDF
Third Report of the Monitor dated October 23, 2024PDF
Affidavit #5 of Tim Swendseid sworn October 21, 2024PDF
Nomad's Joinder to Patriot Gold's Response and Limited Objection to Motion for Recognition and Approval of DIP Loan and KERPPDF
Notice of Application (Stay Extension Order) dated October 21, 2024PDF
Patriot Gold's Response and Limited Objection to Motion for Recognition and Approval of DIP Loan and KERPPDF
Joinder in Motion to Expedite Royalty Determination MotionsPDF
Nomad's Objection to Motion to Expedite Royalty Determination Motions and JoinderPDF
Notice of Lodging Order Granting Motion to Expedite Royalty Determination MotionsPDF
Patriot Gold's Objection to Motion to Expedite Consideration of Motions to Avoid Royalty Interests in Arizona MinePDF
Motion for Recognition and Enforcement of Canadian Financing and KERP Order dated October 2, 2024PDF
Order (Approval of Interim Financing and Key Employee Retention Plan and Charges) dated September 26, 2024
  • Presiding officer Justice Milman
PDF
Sealing Order dated September 26, 2024
  • Presiding officer Justice Milman
PDF
Notice of Application dated September 20, 2024PDF
Second Report of the Monitor dated September 20, 2024
  • Closing confirmed Closed · date not stated · Strikepoint Gold Inc.
  • Process results 47 solicited · as of 20 Sep 2024
  • Purchaser Strikepoint Gold Inc. · 100% of the shares of Alcmene Mining · share sale · $250K · closed
  • Sale advisor INFOR Financial Inc. (financial advisor)
  • + 1 more extracted fact
PDF
Affidavit #3 of Tim Swendseid sworn September 19, 2024PDF
Order Granting Recognition and Related Relief dated September 16, 2024PDF
Court Order Granting Provisional Relief and Notice of Hearing dated August 16, 2024PDF
Amended and Restated Initial Order Dated August 12, 2024PDF
SISP Approval Order dated August 12, 2024
  • Sale advisor INFOR Financial Inc. (sale agent)
PDF
Affidavit # 2 of Tim Swendseid sworn August 8, 2024PDF
Notice of Application dated August 8, 2024PDF
CCAA Notice to Creditors dated August 7, 2024PDF
First Report of the Monitor dated August 7, 2024
  • Process results 45 solicited · as of 7 Aug 2024
  • Sale advisor INFOR Financial Inc. (financial advisor)
  • Sale outcome Sale process approved — SISP commenced, proposed to be approved; no transaction concluded as of this report
PDF
List Filed Pursuant to Rule 1007(a)(4) of the Federal Rules of Bankruptcy Procedure dated August 2, 2024PDF
Motion for Recognition and Enforcement of Canadian Sale and Distribution OrderPDF
Nomad's ComplaintPDF
Verified Petition for Recognition of Foreign Proceeding and Related Relief dated August 2, 2024PDF
Court Order Made After Application of Justice Fitzpatrick dated August 1, 2024
  • Applicant ELEVATION GOLD MINING CORPORATION, ECLIPSE GOLD MINING CORPORATION, ALCMENE MINING INC., GOLDEN VERTEX CORP., GOLDEN VERTEX (IDAHO) CORP., and HERCULES GOLD USA, LLC
  • Appointee KSV Restructuring Inc.
  • Appointee role proposed monitor
  • Commencement date 1 August 2024
  • + 4 more extracted facts
PDF
Declaration of Ken Coleman dated August 1, 2024PDF
List of Creditors as at August 1, 2024
  • Unsecured creditors $29.7K · Page: 1 · As of: 2024-08-01 · Basis: Preliminary List of Creditors as submitted by the Companies (unaudited) · Debtor: Elevation Gold · Creditor: KPMG LLP
PDF
Motion for Summary Judgment Against NomadPDF
Motion to Determine Nature of Nomad Royalty Company's Limited InterestPDF
Motion to Determine Nature of Patriot Gold Corp's Royalty InterestPDF
Motion to Determine Nature of The Finder's Fee AgreementPDF
Statement of Facts in Support of Defendants' Motion for Summary Judgement Against Sandstorm Gold Ltd.PDF
Statement of Facts in Support of Motion for Summary Judgment Against NomadPDF
Book of Authorities of the Petitioners dated July 30, 2024PDF
Petition to the Court dated July 30, 2024
  • Applicant ELEVATION GOLD MINING CORPORATION, ECLIPSE GOLD MINING CORPORATION, ALCMENE MINING INC., GOLDEN VERTEX CORP., GOLDEN VERTEX (IDAHO) CORP., and HERCULES GOLD USA, LLC
  • Appointee KSV Restructuring Inc.
  • Appointee role monitor
  • Commencement date 30 July 2024
  • + 3 more extracted facts
PDF
Pre-filing Report of the Proposed Monitor dated July 30, 2024PDF
Affidavit #1 of Tim Swendseid sworn July 29, 2024PDF
Declaration of Robert Kofman in Support of Debtor's Motion for Summary Judgement Against Sandstorm LimitedPDF
Defendants' Motion for Partial Summary JudgementPDF
Joinder of the Group in the Monitor's Reply in Support of Motion for Recognition and Enforcement of Canadian Financing and KERP orderPDF
Joint Motion By Royalty Holders Regarding Procedural IssuesPDF
Patriot's Controverting Statement of FactsPDF
Reply in Support of Motion to Expedite Royalty Determination MotionsPDF
Response to motion to determine the nature of the finder's fee agreementPDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Elevation Gold Mining Corporation” (CCAA), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/elevation-gold-mining-corporation

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/elevation-gold-mining-corporation

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.