Metalstech Bay Lake Cobalt Inc

Proceeding: BankruptcySubsection 102(1) of the Act
File: 31-459314
Industry: Mining · Base & battery metals

Filings held2

Last activity14 Feb 2022

On the record1,745 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

14 Feb 2022

#Report

Trustee’s Report to the Creditors on its Preliminary Administration — Court officer report

PDF · Subscribers

4 Feb 2022

#Claims

Notice of Bankruptcy and First Meeting of Creditors — Notice to creditors

PDF · Subscribers

Parties

Debtor

Metalstech Bay Lake Cobalt Inc

Trustee in bankruptcy

PwC

Capital structureAs asserted in the filings

stated amounts, drawn to scale · for subscribers

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
Unsecured
Unsecured
Unsecured

4 more claims in 1 class The stack holds Unsecured claims.

Every creditor and every amount, drawn to scale.

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Estate financialsReported figures — never derived

Total assets at filing

Total liabilities at filing

As at ·

The 2 totals the debtor stated at filing

Each one as the filing states it, with its source.

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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 + 2 more extracted facts	PDF · Subscribers

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 · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Metalstech Bay Lake Cobalt Inc” (Bankruptcy). Retrieved 7 November 2026, https://proceedings.ca/case/metalstech-bay-lake-cobalt-inc