iCobalt Rusty Lake Cobalt Inc

iCobalt Rusty Lake Cobalt Inc. remains in active insolvency proceedings in Ontario. A Statement of Affairs (Form 78) for the company on an unconsolidated basis, stated and estimated as at January 26, 2022, put total assets at CAD $1,343.64 against total liabilities of CAD $1,334,804.76, producing a reported deficiency of $1,333,461.12. Secured claims per list 'B' were stated at $0.00, leaving the estate's obligations entirely unsecured. The list of creditors prepared by the trustee, as of the same date, is dominated by MetalsTech Limited at $1,202,651.35, followed by Cabo Drilling (Ontario) Corp at $117,581.97, ALS Canada Ltd at $11,544.68 and DG Resource Management Ltd at $3,026.76.