#Report
Monitor's fourth report, filed after the June 30 sale approval and the scheduled July 3 closing.
Source: 2025-09-15 - Silicycle - Forth Report of the Monitor (in French)
Silicycle inc. and SiliCycle Immobilier inc.
FollowActive
- Proceeding
- CCAALoi sur les arrangements avec les créanciers des compagnies, L.R.C. (1985), ch. C-36 (LACC)
- Court
- Superior Court of Québec · Commercial Division
- File
- 200-11-029665-240, 200-11-029664-243
OverviewSummary updated
SiliCycle inc. and SiliCycle Immobilier inc. remain under CCAA protection before the Superior Court of Québec, district of Québec (Commercial Division), in proceedings commenced March 12, 2025, with Raymond Chabot inc. as monitor and Étienne Fiset signing for it. The Court granted an order on March 27, 2025 and approved a sale process on May 7, 2025 that carried a bid deadline of 5:00 p.m. on May 28, 2025. After the monitor's third report of June 20, the Court on June 30, 2025 approved a sale of the debtors' assets to 9543-7059 Québec Inc., with closing set for July 3, 2025, and sealed the purchase and sale agreement filed as Exhibit R-2. The sale to Zeochem allows the debtors' operations to continue and preserves all or nearly all jobs. The monitor filed a fourth report on September 15, 2025.
Proceedings AIAsk this case — answers cite the filings
Case updates19 dated entries
#Filing
2025-09-15 Forth Motion to extend the stay of proceedings (in French) — Application / notice of application
16 earlier updates, back to 12 March 2025 — subscribers.
Parties
Debtor
Silicycle inc. and SiliCycle Immobilier inc.
Monitor
Raymond Chabot
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Samson | Superior Court of Québec | 4 orders, Mar 2025 – Jun 2025 | 4 cases on record |
| Justice Gagnon | Superior Court of Québec | 2 orders, Mar 2025 | 1 case on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorRaymond Chabot | Langlois Avocats | 12 Mar 2025 | Order · 12 Mar 2025 |
| CreditorAcheteur | l'Acheteur | 18 Jun 2025 | Service list · 18 Jun 2025 |
| CreditorAcheteur proposé | Stikeman Elliott LLP | 30 Jun 2025 | Order · 30 Jun 2025 |
| CreditorBanque de Développement du Canada | Blake, Cassels & Graydon LLP | 18 Jun 2025 | Service list · 18 Jun 2025 |
| CreditorBDC Capital inc | Davies Ward Phillips & Vineberg LLP | 18 Jun 2025 | Service list · 18 Jun 2025 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Banque de développement du Canada (BDC) · in 151 casesas of état d'endettement préliminaire (non-liant) — Créancier garanti; sûretés non détaillées dans le présent extrait; avis d'exécution 244(1) LFI envoyé le 27 septembre 2024 — Allocation: SiliCycle 2 874 081 $ / Immobilier 8 278 287 $; Total 11 152 367 $ (Annexe F). Tableau préliminaire, n'inclut pas les charges et créances prioritaires. Opinion juridique sur les garanties en cours (paras 6.7, 8.6). — debtor: SiliCycle inc. et SiliCycle Immobilier inc. | $11.2M | 2025-06-20 - Silicycle - Third Report of the Monitor (in French) |
Sale processAs stated in the filings
2 transactions · 1 approved · 1 closed — La Transaction a été conclue le 15 juillet 20252025-09-15 - Silicycle - Forth Report of the Monitor (in French) · 15 Sep 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Zeochem AGl'ensemble des actifs, tangibles et intangibles, décrits à la convention d'achat... les actions détenues par SiliCycle inc. dans SiliCycle immobilier inc. (100%), SiliCycle Associates (55%), SiliCycle SAS (100%), et SiliCycle China (100%) · assets and shares · nominee/assignee: Incorporation d'une société détenue par Zeochem à 100 % qui agira à titre d'acquéreur | Subscribers | Approved | 2025-06-20 - Silicycle - Third Report of the… |
| 9543-7059 Québec Inc.les actifs décrits dans la Convention d'achat et à l'annexe « A » des présentes (« Actifs achetés ») · share sale · ResidualCo: 9543-9675 Québec inc. | Subscribers | Closed15 Jul 2025 | 2025-09-15 - Silicycle - Forth Report of the… |
AdvisorsPwC (financial advisor)2025-09-15 - Silicycle - Forth Report of the Monitor (in French)
Closing termsClosing conditioned on issuance of the Monitor's Certificate confirming execution of the Purchase Agreement, satisfaction of the Consideration, and satisfaction/waiver of all closing conditions.2025-06-30 - Silicycle - Approval and Vesting Order (in French)
Sealed materialsConvention d'achat (Agreement of Purchase and Sale); Convention d'achat (pièce R-2)2025-06-30 - Silicycle - Order (annulation and radiation) (in French)
Documents
16 filings
| Date | Document | File |
|---|---|---|
2025-09-15 - Silicycle - Forth Report of the Monitor (in French)
| PDF · Subscribers | |
2025-09-15 Forth Motion to extend the stay of proceedings (in French)
| PDF · Subscribers | |
2025-08-05 Order for additionnal powers (in French)
| PDF · Subscribers | |
2025-06-30 - Silicycle - Approval and Vesting Order (in French)
| PDF · Subscribers | |
2025-06-30 - Silicycle - Order (annulation and radiation) (in French)
| PDF · Subscribers | |
2025-06-30 - Silicycle - Order extending the stay of proceedings (in French)
| PDF · Subscribers | |
2025-06-20 - Silicycle - Third Report of the Monitor (in French)
| PDF · Subscribers | |
Silicycle - Service List - 2025-06-19
| PDF · Subscribers | |
Silicycle - Service List - 2025-06-18
| PDF · Subscribers | |
2025-05-21 - Order extending the stay of proceedings (French only)
| PDF · Subscribers | |
Silicycle - Avis PSVI - Notice SISP
| PDF · Subscribers | |
2025-03-27-order-extending-the-stay-of-proceedings
| PDF · Subscribers | |
2025-03-26 - Hearing Minutes (French only)
| PDF · Subscribers | |
| Silicycle - Notice to creditors - 2025-03-19 | PDF · Subscribers | |
2025-03-12 - Ordonnance de Transition
| PDF · Subscribers | |
2025-03-10 - Report of the Proposed Monitor (redacted)
| 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., “Silicycle inc. and SiliCycle Immobilier inc.” (CCAA), Superior Court of Québec · Commercial Division. Retrieved 20 September 2026, https://proceedings.ca/case/silicycle-inc-and-silicycle-immobilier-inc