Metalstech Bay Lake Cobalt Inc

Active

Proceeding: BankruptcySubsection 102(1) of the Act
File: 31-459314

Filings held2

Last activity28 Jan 2022

On the record1,697 days

OverviewSummary updated 5 September 2026

Metalstech Bay Lake Cobalt Inc., an Ontario company, remains in active insolvency proceedings. A Statement of Affairs (Form 78) sworn by Gino D'Anna reports the company's position as at January 26, 2022: total assets of $3,317.09 against total liabilities of $880,618.54, leaving a deficiency of $877,301.45. Secured creditors on list "B" are stated at $0.00, so the liabilities are unsecured. The largest claim by far is $851,890.87 owed to MetalsTech Limited, the Australian parent and a related party. The balance is owed to trade and municipal creditors: ALS Canada Ltd at $19,377.52, JPL Storage at $4,718.70, the Town of Latchford at $3,837.06, and Cabo Drilling (Ontario) Corp at $794.39.

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Case updates2 dated entries

28 Jan 2022

#Claims

A claims procedure was approved. Court file 31-459314.

Source: Notice of Bankruptcy and First Meeting of Creditors

28 Jan 2022

#Report

The officer filed a report. Court file 31-459314.

Source: Trustee’s Report to the Creditors on its Preliminary Administration

Parties

Debtor

Metalstech Bay Lake Cobalt Inc

Trustee in bankruptcy

PwC

Capital structureAs asserted in the filings

stated amounts, drawn to scale

Priority class	Creditor	Amount	Source
Unsecured	MetalsTech Limited · in 6 casesParent company (Australian entity sharing similar name/address as debtor's group); related party — debtor: Metalstech Bay Lake Cobalt Inc. · as of 26 Jan 2022	$852K	Notice of Bankruptcy and First Meeting of Creditors
Unsecured	ALS Canada Ltd · in 3 casesdebtor: Metalstech Bay Lake Cobalt Inc. · as of 26 Jan 2022	$19.4K	Notice of Bankruptcy and First Meeting of Creditors
Unsecured	JPL Storagedebtor: Metalstech Bay Lake Cobalt Inc. · as of 26 Jan 2022	$4.72K	Notice of Bankruptcy and First Meeting of Creditors
Unsecured	Town of LatchfordMunicipality; not designated preferred in the document — debtor: Metalstech Bay Lake Cobalt Inc. · as of 26 Jan 2022	$3.84K	Notice of Bankruptcy and First Meeting of Creditors
Unsecured	Cabo Drilling (Ontario) Corp · in 2 casesdebtor: Metalstech Bay Lake Cobalt Inc. · as of 26 Jan 2022	$794	Notice of Bankruptcy and First Meeting of Creditors

Estate financialsReported figures — never derived

Total assets at filing$3.32K

Total liabilities at filing$881K

As at 26 Jan 2022 · per Statement of Affairs (Form 78), as stated and estimated by the officer, sworn/declared by Gino D'Anna · Metalstech Bay Lake Cobalt Inc. (entity level) — Secured creditors as per list "B" stated as $0.00; deficiency of $877,301.45 reported.

Documents2 filings

Date	Document	File
14 Feb 2022	Trustee’s Report to the Creditors on its Preliminary Administration Appointee PricewaterhouseCoopers Inc., LIT Appointee role Trustee of the Estate Commencement date 28 January 2022 Court file no 31-459314 + 1 more extracted fact	PDF

4 Feb 2022	Notice of Bankruptcy and First Meeting of Creditors Appointee PricewaterhouseCoopers Inc. Appointee role trustee Commencement date 28 January 2022 Court file no 31-459314 + 4 more extracted facts	PDF

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

CiteProceedings., “Metalstech Bay Lake Cobalt Inc” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/metalstech-bay-lake-cobalt-inc