PGM ResidualCo Holdings Inc. has been in bankruptcy in British Columbia since 25 July 2023, under an assignment made pursuant to section 49 of the Bankruptcy and Insolvency Act, with Grant Thornton Limited as trustee under court file no. 11-2968927. The proceeding remains active. The trustee's Claims Register puts unsecured claims against the estate at $16,267,082.96 as at the date of bankruptcy, spread across several hundred trade suppliers, contractors, consultants and professional firms drawn largely from mining and services businesses in northwestern Ontario. The largest listed unsecured claims are Nuna Logistics Partnership at $3,074,826.42, Hydro One Networks Inc. at $1,516,169.44, Epiroc at $1,123,141.49 and Suncor Energy Products Partnership at $553,782.59. Security of $0.00 was required of the trustee on appointment.
The officer filed a report. PGM ResidualCo has no active operations and no assets since its incorporation; it was created solely to assume certain excluded liabilities from Pure Gold Mining Inc.'s CCAA proceedings, and its sole director resigned effective August 15, 2023, leaving the company without a director. Court file 11-2968927.
Source: Trustee Preliminary Report to Creditors with Appendix dated August 15, 2023.pdf
1 earlier update, back to 25 July 2023 — subscribers.
Debtor
PGM ResidualCo Holdings Inc.
Trustee in bankruptcy
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Nuna Logistics Partnershipdebtor: PGM ResidualCo Holdings Inc. · as of 25 Jul 2023 | $3.07M | Creditors Package dated July 26, 2023.pdf |
Unsecured creditors: no distribution.FinalMinutes Report for the First Meeting of Creditors · 15 Aug 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | shortfall | Finalper the debtor | Minutes Report for the First Meeting of Creditors · 15 Aug 2023 |
| Unsecured | — | — | no distribution | Finalper the debtor | Minutes Report for the First Meeting of Creditors · 15 Aug 2023 |
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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Professional fees to date
$25K
As at 15 Aug 2023Trustee Preliminary Report to Creditors with Appendix dated August 15, 2023.pdf
| Date | Document | File |
|---|---|---|
Minutes Report for the First Meeting of Creditors
| PDF · Subscribers | |
Trustee Preliminary Report to Creditors with Appendix dated August 15, 2023.pdf
| PDF · Subscribers | |
Creditors Package dated July 26, 2023.pdf
| PDF · Subscribers | |
Certificate of Appointment dated July 25, 2023.pdf
| 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., “PGM ResidualCo Holdings Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/pgm-residualco-holdings-inc
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/pgm-residualco-holdings-inc
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.