Minto Metals Corp. has been in court-appointed receivership since June 29, 2023, in the Supreme Court of British Columbia under BIA s. 243 and provincial Judicature Act jurisdiction, with PricewaterhouseCoopers LLP as receiver. As at July 24, 2023, the receiver reported a book value of $76,000,000 for the property over which it took possession or control: producing mineral properties $28,000,000, plant and equipment $17,000,000, mineral exploration and development properties $13,000,000, restricted cash $10,000,000 and inventories $8,000,000. Secured claims include GLAS Americas LLC at $12,000,000, related party Capstone Mining Corp. at $5,000,000 and Sumitomo Canada Limited at US$5,729,905, plus registered liens held by mine contractors and suppliers, among them JDS Energy & Mining at $5,129,891, Cobalt Construction at $4,510,656 and Yukon Energy Corporation at $3,471,825. The itemized unsecured creditor list totals $23,674,665 CAD and $1,202,249 USD.
Confirmed both transactions with 843, since amalgamated into Selkirk Mining Corp., have closed, and placed claims review and any distribution on hold pending SCM's restart decision expected mid-2027; priority lien claimants are estimated to recover 19%.
Reported on completing the sale of Minto's intangible mineral assets, claims, leases and permits to 843093 Yukon Inc., with the Yukon Government holding the mining and water licences during an interim period pending 843's exploration decision.
Sought Yukon Court approval and a vesting order for an as-is sale of a 2012 Caterpillar AD45B underground truck to Finning for $150,000 plus GST, totalling $157,500, with $8,190 of transport costs reimbursed.
Addressed Finning's Parts Claim for unutilized parts left at the Minto site, accepting its ownership interest but valuing the claim at $218,395 against Finning's $381,807.06, with $600,000 of First Transaction proceeds held in trust.
Supported a bifurcated sale of equipment and facilities to 843093 Yukon Inc. alongside the Maynards liquidation, answered JDS's objections, and declined a September 4, 2024 late offer for want of proof of funding.
Source: Second Supplement to the Receiver's Fifth Report to the Yukon Court
Confidential Supplement to the Receiver's Fourth Report for Circulation — Court officer report
Notice of Application to the Yukon Government - Filed January 31, 2024 — Application / notice of application
Response of the Government of Yukon to the Notice of Application on January 31, 2024 — Application / notice of application
On the application of Sumitomo Canada Limited, the court appointed PricewaterhouseCoopers Inc. as receiver and manager over the property of Minto Metals Corp.
Source: Unsold Concentrate Receivership Order dated June 29, 2023
Case update
Minto Metals: the $44 million claim that waits on a restart decision
PwC's Ninth Report seeks no order. It reports about $2.43 million on hand, miners' liens of about $38 million and the Government of Yukon's asserted reclamation claim of about $44 million, which turns on a restart decision anticipated in mid-2027. Until that claim is clearer, the receiver is not applying to distribute.
Debtor
Minto Metals Corp
Receiver
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Fitzpatrick | Supreme Court of British Columbia | 1 order, Jul 2023 | 60 cases on record |
Counsel of record
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | GLAS Americas LLC · in 2 casesdebtor: Minto Metals Corp. · as of 24 Jul 2023 | $12M | Notice - Form 87 - Minto Metals Corp. |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured |
359 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plans5 transactions · 4 closed · 1 proposed — Both transactions with 843 (the Minto Asset Sale) have closed; certain wheeled and tracked equipment was excluded and sold at auction on October 16, 2024; Caterpillar equipment was sold separately by CAT.Receiver's Ninth Report to the Yukon Court · 22 Oct 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Sumitomo Canada Limitedthe Unsold Concentrate up to 403.3 dry metric tonnes · asset sale | Subscribers | Closeddate not stated | Receiver's First Report to the Yukon Court |
| Finning (Canada), a division of Finning International Inc.the AD45B · asset sale · agreement 12 Mar 2025 | Subscribers | Proposed | Receiver's Seventh Report to the Yukon Court |
| end purchasers at limited auction conducted by MaynardsRolling Equipment not sold in the First Transaction · auction | Subscribers | Closed16 Oct 2024 | Receiver's Eighth Report to the Yukon Court |
| 843093 Yukon Inc.the Intangible Assets of Minto (namely the mineral claims, leases and permits) · asset sale · agreement 30 May 2025 | Subscribers | Closed18 Jun 2025 | Receiver's Ninth Report to the Yukon Court |
| 843093 Yukon Inc.Building Infrastructure and certain Rolling Equipment · asset sale · agreement 26 Aug 2024 | Subscribers | Closed | Receiver's Ninth Report to the Yukon Court |
Unsecured creditors: no distribution.EstimatedReceiver's Third Report to the Yukon Court · 27 Mar 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Lien Claimants with a Priority Lien Claim | estimated | Estimatedper the receiver | Receiver's Ninth Report to the Yukon Court · 22 Oct 2026 | |
| Unsecured | — | — | no distributionconditional | Estimatedper the receiver | Receiver's Third Report to the Yukon Court · 27 Mar 2024 |
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.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plansAs at ·
Cumulative receipts
$7.38M
As at 29 May 2025Receiver's Eighth Report to the Yukon Court
Cumulative disbursements
As at
Cash on hand
As at
2 more reported figures, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Receiver's Ninth Report to the Yukon Court
| PDF · Subscribers | |
Receiver's Eighth Report to the Yukon Court
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
| Outline | PDF · Subscribers | |
Receiver's Seventh Report to the Yukon Court
| PDF · Subscribers | |
Current Service List
| PDF · Subscribers | |
Receiver's Sixth Report to the Yukon Court
| PDF · Subscribers | |
Second Supplement to the Receiver's Fifth Report to the Yukon Court
| PDF · Subscribers | |
| Receiver's Fifth Report to the Yukon Court | PDF · Subscribers | |
| Confidential Supplement to the Receiver's Fourth Report for Circulation | PDF · Subscribers | |
| Second Supplement to the Receiver's Fourth Report to the Yukon Court | PDF · Subscribers | |
| Receiver's Fourth Report to the Yukon Court | PDF · Subscribers | |
| Supplement to the Receiver's Third Report to the Yukon Court | PDF · Subscribers | |
Receiver's Third Report to the Yukon Court
| PDF · Subscribers | |
| Notice of Hearing | PDF · Subscribers | |
| Supplement to the Receiver's Second Report to the Yukon Court | PDF · Subscribers | |
| Affidavit of Lisa Robinson-Fernades filed February 8, 2024 | PDF · Subscribers | |
Notice of Application to the Yukon Government - Filed January 31, 2024
| PDF · Subscribers | |
| Notice of Hearing to the Yukon Court | PDF · Subscribers | |
| Receiver's Second Report to the Yukon Court | PDF · Subscribers | |
| Response of the Government of Yukon to the Notice of Application on January 31, 2024 | PDF · Subscribers | |
| Supplement to the Receiver's First Report to the Yukon Court | PDF · Subscribers | |
Notice of Application to the Yukon Court
| PDF · Subscribers | |
Receiver's First Report to the Yukon Court
| PDF · Subscribers | |
Sale and Investment Solicitation Process
| PDF · Subscribers | |
Notice - Form 87 - Minto Metals Corp.
| PDF · Subscribers | |
| Affidavit of Mishaal Gill filed July 24, 2023 | PDF · Subscribers | |
| Notice of Application filed July 23 2023 | PDF · Subscribers | |
| Limited Receiver's First Report | PDF · Subscribers | |
Amended Unsold Concentrates Receivership Order dated July 5, 2023
| PDF · Subscribers | |
Unsold Concentrate Receivership Order dated June 29, 2023
| PDF · Subscribers | |
| Affidavit #1 of Hoshi Lu filed June 28, 2023 | PDF · Subscribers | |
| Affidavit #1 of Hoshi Lu in the matter of the Application for Bankruptcy Order filed June 28, 2023 | PDF · Subscribers | |
Application for Bankruptcy Order filed June 28, 2023
| PDF · Subscribers | |
| Petition to the Court filed June 28, 2023 | 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., “Minto Metals Corp” (Receivership (court-appointed)), Supreme Court of British Columbia. Retrieved 4 November 2026, https://proceedings.ca/case/minto-metals-corp
Sources last checked · summary updated 5 September 2026 · Report a correction · Printed from proceedings.ca/case/minto-metals-corp
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.