Mantle Materials Group Ltd.
Follow- Proceeding
- NOIBANKRUPTCY AND INSOLVENCY ACT, RSC 1985, C B-3, AS AMENDED
- File
- 2301-16114
Mantle Materials Group Ltd. has been in a notice of intention proceeding under the Bankruptcy and Insolvency Act since January 10, 2024, in the Court of King's Bench of Alberta under court file number 2301-16114. The proceeding remains active. The record for the case holds a single dated item: a court officer report filed on the commencement date. No further milestones, hearings or determinations have been recorded in the case to date, and the record identifies no judicial centre for the file.
The officer filed report no. Third Report. Mantle has sold all of its saleable Aggregate Pits and is now focused on completing remaining environmental reclamation work on a handful of pits, with its interim financing facility fully drawn and operations funded from limited cash on hand and held sale proceeds.
Source: Third Report of the Monitor
The court granted an approval and vesting order for the sale to Fleming Cats Inc. Closing terms, as extracted: vesting effective upon delivery of Monitor's Certificate, subject to consent of Director under the Public Lands Act.
Source: Vesting Order - DML 120032
Application - Stay Extension, WEPPA and Vesting Order was filed.
Source: Application - Stay Extension, WEPPA and Vesting Order
Application - Stay Extension, WEPPA and Vesting Order was filed.
Source: Application - Stay Extension, WEPPA and Vesting Order
The court granted an approval and vesting order for the sale to Arrow-West Holdings Ltd. Closing terms, as extracted: Vesting occurs upon delivery of the Monitor's Certificate confirming payment, satisfaction/waiver of conditions, and completion of the Transaction. Sealed: unredacted SPA / Confidential Affidavit exhibit.
Source: SAVO - Arrow West
The court granted an approval and vesting order for the sale to PEA Holdings Incorporated. Closing terms, as extracted: Vesting occurs upon delivery of the Monitor's Certificate confirming payment, satisfaction/waiver of conditions, and completion of the Transaction, subject to Director's consent under the Public Lands Act. Sealed: unredacted APA appended as Exhibit 'C' to the Confidential Affidavit.
Source: SAVO - PEA Holdings
The court granted an approval and vesting order for the sale to County of St. Paul No. 19. Closing terms, as extracted: Vesting effective upon delivery of the Monitor's Certificate confirming payment of the purchase price and satisfaction of closing conditions.
Source: SAVO - St. Paul County
A court officer report was filed on the date the notice of intention proceeding commenced; it is the only item recorded in the file.
Source: Second Report of the Monitor
Application for Leave to Appeal - Supreme Court of Canada — Application / notice of application
Book of Authorities in Support of Application - Compel Responses — Application / notice of application
Book of Authorities in Support of Application - Enhanced Monitor's Powers — Application / notice of application
Fourth Report of the Proposal Trustee and First Report of the Proposed Monitor — Court officer report
Order - Stay Extension and Atlas Shareholder Information was filed.
Source: Order - Stay Extension and Atlas Shareholder Information
Application - Stay Extension, Auction Contract Approval and other relief — Application / notice of application
Certificate of Filing of a Notice of Intention to make a Proposal — NOI certificate of filing
Debtor
Mantle Materials Group Ltd.
Proposal trustee
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Hollins | Court of King's Bench of Alberta | 4 orders, Feb 2024 | 19 cases on record |
| Justice Jones | Court of King's Bench of Alberta | 2 orders, Sep 2024 | 63 cases on record |
| Justice Dunlop | Court of King's Bench of Alberta | 2 orders, Nov 2023 | 44 cases on record |
| Justice Feasby | Court of King's Bench of Alberta | 2 orders, Aug 2023 | 21 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeFTI | McCarthy Tétrault LLP | 19 Sep 2024 | Service list · 19 Sep 2024 |
| ApplicantMantle Materials Group Ltd. | Gowling WLG (Canada) LLP | 19 Sep 2024 | Service list · 19 Sep 2024 |
| PurchaserPEA Holdings Incorporated | Mainstreet Law LLP | 19 Sep 2024 | Service list · 19 Sep 2024 |
| CreditorAtlas Aggregates Inc | Janke Law Group | 19 Sep 2024 | Service list · 19 Sep 2024 |
| CreditorFiera Private Debt Fund VI LP, by its General Partner Integrated Private Debt Fund GP Inc | Miller Thomson LLP | 19 Sep 2024 | Service list · 19 Sep 2024 |
| CreditorPathward, National Association | Dentons Canada LLP | 19 Sep 2024 | Service list · 19 Sep 2024 |
| CreditorSt. Paul No.19 | Brownlee LLP | 19 Sep 2024 | Service list · 19 Sep 2024 |
| CreditorTravelers Capital Corp | MLT Aikins LLP | 19 Sep 2024 | Service list · 19 Sep 2024 |
| CreditorTravelers Capital Corporation, formally known as Travelers Restructuring Capital Inc | Lawson Lundell LLP | 8 Aug 2023 | Affidavit · 8 Aug 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Fiera Private Debt FundSecured balance includes principal and interest up to June 2023 (per document note 5); also has an unsecured balance of $253,495.64 shown separately on same page. — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $8.18M | Notice to Creditors |
| 4 | Secured | RLF Lender Canada LimitedSecured balance is principal amount only (per document note 5); creditor address in USA but document states all amounts in CDN. — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $1.93M | Notice to Creditors |
| 4 | Secured | Travelers Financial Group LimitedSecured balance is principal amount only (per document note 5). — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $1.07M | Notice to Creditors |
| 4 | Secured | Pathward (Crestmark)Secured balance is principal amount only (per document note 5); creditor address in USA but document states all amounts in CDN. — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $465K | Notice to Creditors |
| 4 | Secured | Alberta Auto Finance Ltd.Secured balance is principal amount only (per document note 5). — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $46.2K | Notice to Creditors |
| 4 | Secured | ATB Financial · in 56 casesSecured balance is principal amount only (per document note 5); also has unsecured balance of $5,232.52 shown separately. — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $11.2K | Notice to Creditors |
| 4 | Secured | De Lage Landen · in 16 casesSecured balance is principal amount only (per document note 5). — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $2.27K | Notice to Creditors |
| 8 | Unsecured | Fiera Private Debt FundAlso has secured balance of $8,176,524.90. — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $253K | Notice to Creditors |
| 8 | Unsecured | Diversity Equipment Rentals & Sales Ltd.debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $100K | Notice to Creditors |
| 8 | Unsecured | Suncor Energy Products Partnership · in 17 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $47.5K | Notice to Creditors |
| 8 | Unsecured | PetroCanada SuperPass (Post filing) · in 2 casesListed as 'Post filing' by the document. — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $46.1K | Notice to Creditors |
| 8 | Unsecured | Deloitte Management Services LP · in 8 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $45.1K | Notice to Creditors |
| 8 | Unsecured | Bonnie's Equipment Servicesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $40.7K | Notice to Creditors |
| 8 | Unsecured | Lafarge Canada Inc. · in 22 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $39.6K | Notice to Creditors |
| 8 | Unsecured | Elrus Aggregate Systems · in 2 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $16.9K | Notice to Creditors |
| 8 | Unsecured | CAFO Inc. · in 5 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $11.1K | Notice to Creditors |
| 8 | Unsecured | Harvey YadlowskiIndividual trade creditor. — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $10.6K | Notice to Creditors |
| 8 | Unsecured | Diversity Construction Inc.debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $10.2K | Notice to Creditors |
| 8 | Unsecured | Machinery Supplydebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $9.31K | Notice to Creditors |
| 8 | Unsecured | BCL Consulting Groupdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $8.49K | Notice to Creditors |
| 8 | Unsecured | FAAN Advisors Group Inc.debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $8.34K | Notice to Creditors |
| 8 | Unsecured | SMS Equipment Inc. · in 9 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $7.98K | Notice to Creditors |
| 8 | Unsecured | WSP E&I Canada Limiteddebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $7.45K | Notice to Creditors |
| 8 | Unsecured | Cortex Management Inc.debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $6.49K | Notice to Creditors |
| 8 | Unsecured | 302016 Alberta Ltd.debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $5.49K | Notice to Creditors |
| 8 | Unsecured | ATB Financial · in 56 casesAlso has secured balance of $11,187.77. — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $5.23K | Notice to Creditors |
| 8 | Unsecured | Mistol Seedsdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $4.16K | Notice to Creditors |
| 8 | Unsecured | Kudo Energy Services Inc. · in 2 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $3.41K | Notice to Creditors |
| 8 | Unsecured | Government of Alberta Energy & ParksProvincial government creditor listed as ordinary unsecured trade claim (no deemed-trust/regulatory designation stated). — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $2.89K | Notice to Creditors |
| 8 | Unsecured | Accurate Scale Industries Ltd. · in 2 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $1.82K | Notice to Creditors |
| 8 | Unsecured | Seven Lakes Oilfield Services Corp.debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $1.77K | Notice to Creditors |
| 8 | Unsecured | MicroAge (The Computer Cache St. Paul) Ltd. · in 6 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $1.74K | Notice to Creditors |
| 8 | Unsecured | Athabasca County · in 2 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $1.31K | Notice to Creditors |
| 8 | Unsecured | Basin Environmentaldebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $1.09K | Notice to Creditors |
| 8 | Unsecured | Havener, GailIndividual trade creditor. — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $1.08K | Notice to Creditors |
| 8 | Unsecured | Havener, Helen (Estate of)Individual trade creditor (estate). — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $1.08K | Notice to Creditors |
| 8 | Unsecured | Cougar Fuels Ltd. · in 4 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $911 | Notice to Creditors |
| 8 | Unsecured | Northern Truck & Industrial Supplies Ltd.debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $805 | Notice to Creditors |
| 8 | Unsecured | MD of Bonnyville No. 87 · in 2 casesMunicipal creditor; not designated preferred in document. — debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $414 | Notice to Creditors |
| 8 | Unsecured | Gowling WLG (Canada) LLP · in 33 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $394 | Notice to Creditors |
| 8 | Unsecured | Bumper to Bumper (Uni-Select Canada) · in 14 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $241 | Notice to Creditors |
| 8 | Unsecured | Source Industrial Bonnyville Ltd.debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $236 | Notice to Creditors |
| 8 | Unsecured | Wildrose Disposal Inc.debtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $165 | Notice to Creditors |
| 8 | Unsecured | Direct Energy · in 38 casesdebtor: Mantle Materials Group, Ltd. · as of 16 Jan 2023 | $65 | Notice to Creditors |
10 transactions · 5 closed · 3 approved · 2 proposed — Mantle has completed the sales of all of its saleable Aggregate PitsThird Report of the Monitor · 5 Nov 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| end purchaser(s) at Ritchie's public auction, unnamedcertain equipment (the 'Equipment') · auction · agreement 31 Oct 2023 | Sealeddetailed pricing/consideration terms are set out in the sealed Confidential Levkulich Affidavit and Confidential Supplement | Proposed | Third Report of the Proposal Trustee |
| each purchaser of one or more items of Equipment sold at the Ritchie Bros. auction, unnamedeach purchaser of one or more items of Equipment from the Auctioneer · auction · agreement 31 Oct 2023 | not stated | Approved8 Nov 2023 | Order - Auction Approval |
| Ritchie Bros. Auctioneersthe majority of Mantle's equipment (the 'Equipment') · auction · agreement 31 Oct 2023 | not stated | Approved | Fourth Report of the Proposal Trustee and First… |
| unnamed interested parties negotiating purchase of Active Pitsthe Active Pits · asset sale | $1.9Mthese sales would result in Mantle satisfying approximately $1.9 million of its Environmental Obligations | Proposed | Fourth Report of the Proposal Trustee and First… |
| Arrow-West Holdings Ltd.all of Mantle's right, title, and interest in and to 7,820,077 Class 'A' Common Shares (the 'Atlas Shares') in the capital of Atlas Aggregates Inc. · share sale · nominee/assignee: its nominee · agreement 19 Jan 2024 | Sealedpurchase price wired to Monitor to hold in trust; amount not disclosed in this document | Approved23 Feb 2024 | SAVO - Arrow West |
| County of St. Paul No. 19all of Mantle's right, title, and interest in and to the assets described in the APA (the ' Purchased Assets ') · asset sale · agreement 8 Jan 2024 | not stated | Closed9 Sep 2024 | Monitor's Certificate - St. Paul APA |
| PEA Holdings Incorporatedall of Mantle's right, title, and interest in and to the assets described in the APA (the 'Purchased Assets') · asset sale · nominee/assignee: its nominee · agreement 9 Feb 2024 | Sealed | Closeddate not stated | Monitor's Certificate - PEA Holdings |
| County of St. Paul 19the Freehold Pit Assets · asset sale · agreement 31 Jan 2024 | Sealed | Closeddate not stated | Second Report of the Monitor |
| Fleming Cats Inc.the DML Assets · asset sale · agreement 10 Sep 2024 | $1 (nominal)purchase price of one dollar together with assumption of Reclamation Liabilities | Closed6 May 2025 | Third Report of the Monitor |
| PEA Holdings Incorporatedthe Public Pit Assets · asset sale · agreement 12 Feb 2024 | Sealed | Closed7 May 2025 | Third Report of the Monitor |
Unsecured creditors: not yet estimated.Third Report of the Monitor · 5 Nov 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Secured Creditors (CCFL and Royal Bank of Canada) | — | short by $50M | Estimated | Book of Authorities to the Bench Brief · 19 Sep 2024 |
| Unsecured | — | — | not yet estimatedconditional | per the monitor | Third Report of the Monitor · 5 Nov 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.
As at 30 Jun 2023 · per draft unaudited financial statements · Mantle Materials Group Ltd. (entity-level) — Proposal Trustee notes book value of assets (~$7.5M) and liabilities (~$16.0M) as at June 30, 2023 indicate the Company is insolvent
Cumulative receipts
$481K
As at 5 Nov 2025Third Report of the Monitor
Cash on hand
$190K
As at 5 Nov 2025Third Report of the Monitor
Professional fees to date
$53.1K
As at 5 Nov 2025Third Report of the Monitor
| Date | Document | File |
|---|---|---|
Amended Stay Extension Order
| ||
| Supplemental Affidavit of Byron Levkulich | ||
Third Report of the Monitor
| ||
| Application - Stay Extension | ||
| Bench Brief | ||
| Book of Authorities | ||
| Eight Affidavit of Byron Levkulich | ||
Monitor's Certificate - PEA Holdings
| ||
Stay Extension and WEPPA Order
| ||
Vesting Order - DML 120032
| ||
| Bench Brief of Mantle Materials Group | ||
Book of Authorities to the Bench Brief
| ||
Service List
| ||
Application - Stay Extension, WEPPA and Vesting Order
| ||
Second Report of the Monitor
| ||
| Seventh Affidavit of Byron Levkulich | ||
Monitor's Certificate - St. Paul APA
| ||
| Amended Draft SAVO - Atlas Shares | ||
| Amended Draft SAVO - Havener and Shankowski Pits | ||
| Amended Draft SAVO - Smoky Lake Pits | ||
| Amended Draft Sealing Order | ||
Comparison - SAVO Atlas Shares
| ||
Comparison - SAVO Havener and Shankowski
| ||
Comparison - SAVO Smoky Lake Pits
| ||
| Comparison - Sealing Order | ||
SAVO - Arrow West
| ||
SAVO - PEA Holdings
| ||
SAVO - St. Paul County
| ||
Sealing Order
| ||
Stay Extension and Other Relief
| ||
First Report of the Monitor
| ||
| Application - SAVOs and Stay Extension | ||
| Sixth Affidavit of Byron Levkulich | ||
| Response to Application for Leave to Appeal | ||
Notice to Creditors
| ||
CCAA - ARIO
| ||
CCAA - Initial Order
| ||
Reasons for Decision - CCAA Conversion
| ||
| Sealing Order - Confidential Levkulich Affidavit | ||
| Application for Leave to Appeal - Supreme Court of Canada | ||
Stay Extension
| ||
| Application - Sealing Order | ||
| Book of Authorities - Compelling Responses | ||
| Book of Authorities - Supermonitor | ||
| Brief - Compelling Responses | ||
| Supplemental Brief | ||
| Application - Compel Responses | ||
| Application - Enhanced Monitor's Powers | ||
| Book of Authorities in Support of Application - Compel Responses | ||
| Book of Authorities in Support of Application - Enhanced Monitor's Powers | ||
| Brief in Support of Application - Compel Responses | ||
| Brief in Support of Application - Enhanced Monitor's Powers | ||
CCAA Stay Extension
| ||
| Second Affidavit of Heather Dent | ||
Fourth Report of the Proposal Trustee and First Report of the Proposed Monitor
| ||
| Application - Conversion to CCAA | ||
| Fifth Affidavit of Byron Levkulich | ||
Order - Auction Approval
| ||
Order - Stay Extension and Atlas Shareholder Information
| ||
Third Report of the Proposal Trustee
| ||
| Application - Stay Extension, Auction Contract Approval and other relief | ||
| Fourth Affidavit of Byron Levkulich | ||
| Memorandum of Argument | ||
| Memorandum of Law | ||
| Notice of Application | ||
Order - Stay Extension
| ||
SSP Teaser
| ||
| Bench Brief of Mantle Material Group Ltd. | ||
| Second Report of the Proposal Trustee | ||
| Third Affidavit of Byron Levkulich | ||
| Application - Permission to Appeal | ||
| Civil Notice of Appeal | ||
Order - Amending Order of Justice Feasby dated August 15, 2023
| ||
| Reasons for Decision - Priority of Travelers Security Interest | ||
| Supplemental Submissions | ||
Order re BIA Charges and Stay Extension
| ||
| Second Supplemental Affidavit of Byron Levkulich | ||
| Affidavit of Heather Dent | ||
| Second Affidavit of Byron Levkulich | ||
| Supplement to the First Report of the Proposal Trustee | ||
| Supplemental Bench Brief of Mantle Materials Group Ltd. | ||
| Supplemental Bench Brief of Travelers Capital Corp. | ||
| Affidavit of Cory Pichota | ||
Affidavit of Warren Miller
| ||
| Bench Brief of Travelers Capital Corp. | ||
Consent Order - Stay Extension and Filing Deadline
| ||
First Report of the Proposal Trustee
| ||
Affidavit of Byron Levkulich
| ||
Bench Brief of Mantle Materials Group Ltd.
| ||
Origination Application
| ||
| Certificate of Filing of a Notice of Intention to make a Proposal | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Mantle Materials Group Ltd.” (NOI), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/mantle-materials-group-ltd