Proceedings.

Trevali

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Active
Proceeding
CCAACompanies' Creditors Arrangement Act, R.S.C. 1985 c. C-36 as amended (the "CCAA")
File
S-226670
Filings held164
Last activity29 Jun 2026
On the record1,494 days
Secured debtSubscribers
OverviewSummary updated

Trevali is the subject of proceedings under the Companies' Creditors Arrangement Act, R.S.C. 1985 c. C-36 as amended, in the Supreme Court of British Columbia under court file number S-226670. The proceedings began with an application filed on June 24, 2026, which is the commencement date of record. The case is active. The record before us contains no further steps, orders or reports beyond that filing, and no subsequent milestones have been entered.

Claims processIf you are owed money

The claims bar date has passed — claims were due by

Per the Claims Process Order dated 29 March 2023.

Proceedings AIAsk this case — answers cite the filings
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Case updates164 dated entries

161 earlier updates, back to 19 August 2022 subscribers.

Parties

Debtor

Trevali

Monitor

FTI

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice FitzpatrickSupreme Court of British Columbia21 orders, Aug 2022 – Mar 202649 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorFTIDentons Canada LLP18 Mar 2026Service list · 18 Mar 2026
ApplicantTrevali Mining Corporation and Trevali Mining (New Brunswick) LtdBlake, Cassels & Graydon LLP18 Mar 2026Service list · 18 Mar 2026
CreditorAppian Natural Resources Fund III LP / Appian Natural Resource Fund (UST) III LPStikeman Elliott LLP18 Mar 2026Service list · 18 Mar 2026
CreditorBankFasken Martineau DuMoulin LLP4 Jan 2023Application · 4 Jan 2023
CreditorBank of Nova Scotia, as Administrative AgentFasken Martineau DuMoulin LLP18 Mar 2026Service list · 18 Mar 2026
CreditorDirectors of Trevali Mining CorporationOsler, Hoskin & Harcourt LLP18 Mar 2026Service list · 18 Mar 2026
CreditorDSS Sustainable Solutions Canada IncChaitons LLP18 Mar 2026Service list · 18 Mar 2026
CreditorEagle Pass Mining CorpFogler, Rubinoff LLP18 Mar 2026Service list · 18 Mar 2026
CreditorGlencore Canada CorporationMcCarthy Tétrault LLP4 Jan 2023Application · 4 Jan 2023
CreditorGlencore International AG, Glencore AG and Glencore Canada CorporationMcCarthy Tétrault LLP18 Mar 2026Service list · 18 Mar 2026
CreditorGraymont Limited and Graymont (NB) IncLawson Lundell LLP18 Mar 2026Service list · 18 Mar 2026
CreditorHis Majesty the King in Right of the Province of New Brunswick, as represented by the Department of Natural Resources and Energy DevelopmentMcMillan LLP18 Mar 2026Service list · 18 Mar 2026
CreditorOrica Canada IncStikeman Elliott LLP18 Mar 2026Service list · 18 Mar 2026
CreditorRCF Administrative AgentFasken Martineau DuMoulin LLP11 Oct 2022Application · 11 Oct 2022
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredRC Facility Lenders (syndicate of lenders under Revolving Credit Facility)First-ranking general security agreements over all personal property of Trevali Corp. and Trevali NB, plus first-ranking real property debenture and mortgage granted by Trevali NB, among other security throughout the Trevali organizational structure. Facility limit $135.0 million originally, permanently reduced to $111.9 million as at Dec 31, 2021. — Mandatory prepayment of approximately $7.5 million due Aug 17, 2022 not paid, constituting event of default. Exact balance per unaudited condensed interim financial statements as at June 30, 2022 was $84,270 thousand (net of fees) - see p.133. Fac · as of 18 Aug 2022$84.5M USDAffidavit of Brendan Creaney
4 more claims across lower-ranking classesSubscribe to view
Sale processAs stated in the filings

4 transactions · 2 approved · 1 not completed · 1 closedthe SISP did not generate any bids for the Caribou mine assets prior to the LOI DeadlineSeventh Report of the Monitor · 8 Jan 2023

Bid deadline (round closed)

21 November 2022

SISP Order

Phase 1 deadline

21 October 2022

SISP Order

PurchaserPriceStatusSource
Appian Natural Resources Fund III LP and Appian Natural Resources (UST) Fund III LPall of the issued and outstanding shares in the authorized capital of GLCR Limited (the "Purchased Shares") and the assignment to the Purchasers of all of Trevali's rights, title and interest in and to the Capital Loans · assets and shares · agreement 15 Dec 2022SubscribersApproved21 Dec 2022Approval and Vesting Order
no bids received for the Caribou mine assets under the SISPCaribou mine assets · auctionnot statedNot completedSeventh Report of the Monitor
ANR RP Limitedthe Purchased Shares and the Capital Loansnot statedClosed23 Jun 2023Monitor's Certificate
Agnico Eagle Mines Limitedthe assets described in the Sale Agreement (the "Purchased Assets") · share sale · agreement 13 Feb 2024not statedApproved22 Feb 2024Sale Approval and Vesting Order
AdvisorsNational Bank Financial Inc. (sale agent)Supplemental Report to the Second Report of the Monitor
Closing termsPossession of the Purchased Assets shall be delivered by the Monitor to the Purchaser at the Closing Time on the Closing Date, and vesting is effective upon delivery of the Monitor's Certificate.Sale Approval and Vesting Order
Sealed materialsSale AgreementApproval and Vesting Order
RecoveriesAs declared or paid

Unsecured creditors: a distribution.FinalTwenty-Fourth Report of the Monitor · 17 Mar 2026

ClassCreditorClaimsRecoveryBasisSource
SecuredRevolving Credit Facility and Glencore FacilityAdministrative Agent and Glencorepaid in fullFinalper the monitorTwenty-Second Report of the Monitor · 28 Nov 2025
Unsecuredunsecured creditors of Trevali Corp.a distributionFinalper the monitorTwenty-Fourth Report of the Monitor · 17 Mar 2026
EquityShareholders' Claim (equity claim)Ad Hoc Committee of Shareholders of Trevali Mining Corporationno recoveryper the monitorNotice of Application (Directions on Ad Hoc Committee of Shareholders) · 22 Apr 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 stated figures across 3 outcomes, each sourcedSubscribe to view
Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Cumulative receipts

$5.51M USD

As at 17 Mar 2026Twenty-Fourth Report of the Monitor

3 more reported figures, as at 17 Mar 2026Subscribe to view
Documents
164 filings
DateDocumentFile
Order (Sales Approval and Vesting Order)PDF · Subscribers
Order (Settlement and Support Agreement)PDF · Subscribers
Application Record Volume 1PDF · Subscribers
Application Record Volume 2PDF · Subscribers
Notice of Application
  • Commencement date 24 June 2026
  • Court IN THE SUPREME COURT OF BRITISH COLUMBIA
  • Court file no S-226670
PDF · Subscribers
Order (Appian Indemnity Claim Procedural Order)PDF · Subscribers
Order (Stay Extension)
  • Order date 24 March 2026
  • Presiding officer Justice Fitzpatrick
  • Stay extended to 30 September 2026
PDF · Subscribers
Service List
  • Counsel Stikeman Elliott LLP
PDF · Subscribers
Twenty-Fourth Report of the Monitor
  • Operational summary Trevali Corp. is winding down its estate under CCAA protection, with the Monitor addressing remaining post-closing matters from the Appian sale (including indemnity claims), pursuing insurance recoveries related to the Nantou Mining flood, resolving outstanding creditor claims, and responding to the Glencore HST appeal.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 5 more extracted facts
PDF · Subscribers
Order (Settlement Approval)PDF · Subscribers
Twenty-Third Report of the Monitor
PDF · Subscribers
Order (Interim Distribution)
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Notice of Application (Interim Distribution)
  • Recovery outcome Entries: per estimated · Stated on: 2025-11-28 · Table missing:
PDF · Subscribers
Twenty-Second Report of the Monitor
  • Cash on hand · Disbursements · Financial position · Professional fees Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Order (Appian Civil Claim Order)
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Order (Monitor Activities and Fee Approval)
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Order (Receiver Activities and Fee Approval)PDF · Subscribers
Twenty-First Report of the Monitor
  • Operational summary The Monitor continues to administer the Trevali Corp. estate, pursue claims resolution and indemnity disputes under the Appian SAPA, and pursue a new realization transaction for TMM with BMC, while Trevali NB assets remain subject to a separate receivership process.
  • Cash on hand · Disbursements · Financial position Subscribers
  • + 2 more extracted facts
PDF · Subscribers
Order - Honorariums and Class Counsel Fees and Expenses
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Order - Settlement Administration
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Order - Shareholder Settlement Approval
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Twentieth Report of the MonitorPDF · Subscribers
Affidavit No. 2 of Hadi DavariniaPDF · Subscribers
Affidavit of Michael DemmerPDF · Subscribers
Affidavit of Rodney BrunkPDF · Subscribers
Affidavit of Tim KempterPDF · Subscribers
Affidavit of William WilliamsonPDF · Subscribers
Notice of Application (Shareholder Settlement Approval)PDF · Subscribers
Stay Extension Order
  • Order date 31 March 2025
  • Stay extended to 30 September 2025
PDF · Subscribers
Nineteenth Report of the MonitorPDF · Subscribers
Approval Order
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Order (Certification for Settlement Purposes)
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Affidavit #1 of Hadi DavariniaPDF · Subscribers
Affidavit #1 of Tianna GoughPDF · Subscribers
Notice of Application (Certification for Settlement Purposes)PDF · Subscribers
Notice of AppealPDF · Subscribers
Order - HST PaymentPDF · Subscribers
Application Record IndexPDF · Subscribers
Eighteenth Report of the MonitorPDF · Subscribers
Affidavit #2 of Alison AndersonPDF · Subscribers
Affidavit #1 of Alison AndersonPDF · Subscribers
Application ResponsePDF · Subscribers
Affidavit #1 of S.H. KimPDF · Subscribers
Affidavit #1 of Mike ClarkPDF · Subscribers
Affidavit #17 of Brendan CreaneyPDF · Subscribers
Requisition to Reset HearingPDF · Subscribers
Seventeenth Report of MonitorPDF · Subscribers
ESTMA Reporting 2023PDF · Subscribers
Shareholder's Claim Order
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Notice of Application (Directions on Ad Hoc Committee of Shareholders)
  • Recovery outcome Entries: per unstated · Table missing:
PDF · Subscribers
Notice of Application (Stay Extension)PDF · Subscribers
Sixteenth Report of the Monitor
PDF · Subscribers
Sale Approval and Vesting Order
  • Closing terms Possession of the Purchased Assets shall be delivered by the Monitor to the Purchaser at the Closing Time on the Closing Date, and vesting is effective upon delivery of the Monitor's Certificate.
  • Order date 22 February 2024
  • Purchaser Agnico Eagle Mines Limited · the assets described in the Sale Agreement (the "Purchased Assets") · share sale · approved
  • Stalking horse Subscribers
PDF · Subscribers
Fifteenth Report of the MonitorPDF · Subscribers
Notice of Settlement or Abandonment on behalf of the Glencore GroupPDF · Subscribers
Fourteenth Report of the MonitorPDF · Subscribers
Order Lifting Sealing Order Granted October 11, 2022
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Thirteenth Report of the MonitorPDF · Subscribers
Affidavit #1 of P. WrightPDF · Subscribers
Affidavit #1 of S. DanieliszPDF · Subscribers
Application Response of Glencore GroupPDF · Subscribers
Affidavit #1 of Yiota PetrakisPDF · Subscribers
Affidavit #16 of Brendan CreaneyPDF · Subscribers
ESTMA Reporting 2022PDF · Subscribers
Order Made After Application abridging the time for servicePDF · Subscribers
Sealing Order (in respect of the Confidential Supplemental Report to the Twelfth Report)
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Sealing Order (replacing the Sealing Order granted December 21, 2022)
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Stay Extension and Enhanced Monitor's Powers Order
  • Order date 28 June 2023
  • Presiding officer Justice Fitzpatrick
  • Stay extended to 27 October 2023
PDF · Subscribers
Supplemental Report to the Twelfth Report of the MonitorPDF · Subscribers
Twelfth Report of the MonitorPDF · Subscribers
Monitor's Certificate
  • Closing confirmed Closed · 23 Jun 2023 · ANR RP Limited
PDF · Subscribers
ESTMA Reporting 2016PDF · Subscribers
ESTMA Reporting 2017PDF · Subscribers
ESTMA Reporting 2018PDF · Subscribers
ESTMA Reporting 2019PDF · Subscribers
ESTMA Reporting 2020PDF · Subscribers
ESTMA Reporting 2021PDF · Subscribers
Eleventh Report of the MonitorPDF · Subscribers
Affidavit #15 of Brendan CreaneyPDF · Subscribers
Distribution Order
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Supplemental Report to the Tenth Report of the MonitorPDF · Subscribers
Tenth Report of the MonitorPDF · Subscribers
Affidavit #14 of Brendan CreaneyPDF · Subscribers
Notice of AplicationPDF · Subscribers
Affidavit #13 of Brendan CreaneyPDF · Subscribers
Claims Instruction LetterPDF · Subscribers
Claims Process Order
  • Claims bar date 21 April 2023
  • Order date 29 March 2023
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Director/Officer Claim FormPDF · Subscribers
Draft Representation Order (Blackline)PDF · Subscribers
Draft Representation Order (Clean)PDF · Subscribers
Notice of Dispute of Revision or DissallowancePDF · Subscribers
Proof of Claim FormPDF · Subscribers
Shareholder Representation Order
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Application Record and IndexPDF · Subscribers
Book of Authorities Cover and IndexPDF · Subscribers
Ninth Report of the MonitorPDF · Subscribers
Affidavit #12 of Brendan CreaneyPDF · Subscribers
Eighth Report of the MonitorPDF · Subscribers
Affidavit #11 of Brendan CreaneyPDF · Subscribers
Receivership Order
  • Applicant Glencore Canada Corporation and The Bank of Nova Scotia
  • Appointee FTI Consulting Canada Inc.
  • Appointee role receiver
  • Commencement date 9 January 2023
  • + 3 more extracted facts
PDF · Subscribers
Seventh Report of the Monitor
  • Process results 0 LOIs · 0 bids · as of 7 Oct 2022
  • Purchaser Appian Natural Resources Fund III LP and Appian Natural Resources (UST) Fund III LP · Rosh Pinah Mine · assets and shares · approved; no bids received for the Caribou mine assets under the SISP · Caribou mine assets · auction · not completed
  • Sale outcome No acceptable bid — the SISP did not generate any bids for the Caribou mine assets prior to the LOI Deadline
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit #1 of Christopher WhibbsPDF · Subscribers
Affidavit #1 of Corey NeumannPDF · Subscribers
Affidavit #1 of Katerina DoumakisPDF · Subscribers
Affidavit #1 of Ricci CheungPDF · Subscribers
Notice of Application (DNRED)PDF · Subscribers
Notice of Application (Glencore and BNS)
  • Counsel McCarthy Tétrault LLP
PDF · Subscribers
Affidavit #10 of Brendan CreaneyPDF · Subscribers
Approval and Vesting Order
  • Closing terms Vesting occurs upon delivery of the Monitor's Certificate confirming satisfaction/waiver of closing conditions and payment of the Purchase Price
  • Order date 21 December 2022
  • Purchaser Appian Natural Resources Fund III LP and Appian Natural Resources (UST) Fund III LP · all of the issued and outstanding shares in the authorized capital of GLCR Limited (the "Purchased Shares") and the assignment to the Purchasers of all of Trevali's rights, title and interest in and to the Capital Loans · share sale · approved
  • Sealed items Sale Agreement
  • + 1 more extracted fact
PDF · Subscribers
Sealing Order
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
Sixth Report of the Monitor
  • Process results 130 solicited · 29 NDAs · 14 LOIs · 4 qualified bids · 4 bids · as of 21 Nov 2022
  • Sale outcome Approval pending — Appian SPA identified as the best offer from the SISP; Monitor recommends approval and vesting order
  • Stalking horse Subscribers
PDF · Subscribers
Supplemental Report to the Sixth Report of the Monitor
  • Purchaser Appian · the GLCR Shares and the Capital Loans · share sale · proposed
  • Sale outcome Successful bid selected — Appian Qualified Bid selected as superior bid under SISP; SPA proceeding toward approval, not yet closed
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit #1 of Morten EisenhardtPDF · Subscribers
Affidavit #9 of Brendan CreaneyPDF · Subscribers
Stay Extension and Assignment Agreement Order
  • Order date 14 December 2022
  • Stay extended to 27 January 2023
PDF · Subscribers
Fifth Report of the MonitorPDF · Subscribers
Affidavit #8 of Brendan CreaneyPDF · Subscribers
Notice of Application re. extension of stay of proceedings (among other relief)PDF · Subscribers
Interim Financing Approval OrderPDF · Subscribers
Settlement Approval OrderPDF · Subscribers
Affidavit #7 of Brendan CreaneyPDF · Subscribers
Affidavit of J. AlambrePDF · Subscribers
Fourth Report of the MonitorPDF · Subscribers
Notice of Application of the Petitioners (2)PDF · Subscribers
Notice of Application to File the Confidential Supplemental Report to the Fourth Report of the Monitor Under Seal
  • Counsel FASKEN MARTINEAU DuMOULIN LLP
PDF · Subscribers
Sealing Order (Supplemental Report to the Fourth Report of the Monitor)PDF · Subscribers
Supplemental Report to the Fourth Report of the MonitorPDF · Subscribers
Application Record Index of the Ad Hoc Committee of ShareholdersPDF · Subscribers
Application Response of Trevali Mining Corporation Board of Directors filed October 4, 2022 (CCAA Shareholder Representation Application)PDF · Subscribers
Responding Application Record of Trevali Mining Corporation Board of Directors, including authoritiesPDF · Subscribers
Affidavit #6 of Brendan CreaneyPDF · Subscribers
Affidavit No 1 of Brendan Creaney (without exhibits)PDF · Subscribers
Affidavit No 1 of Hadi DavariniaPDF · Subscribers
Affidavit No 1 of Michael DemmerPDF · Subscribers
Affidavit No 2 of Hadi DavariniaPDF · Subscribers
BLACKLINE of updated Notice of Application against the Notice of Application previously filed on August 25, 2022PDF · Subscribers
Notice of Application (CCAA Shareholder Representation Order) dated October 3, 2022PDF · Subscribers
Notice of Application for an Extension of the Stay of ProceedingsPDF · Subscribers
Third Report of the Monitor
  • Sale outcome Liquidation in progress — Trevali has commenced Phase 1 of the SISP, including the distribution of certain marketing materials, and requires the Stay Extension to continue undertaking the SISP
  • Stalking horse Subscribers
PDF · Subscribers
Affidavit #5 of Brendan CreaneyPDF · Subscribers
Notice of Application re. Non-Applicant StayPDF · Subscribers
Affidavit #4 of Brendan CreaneyPDF · Subscribers
KERP Order
  • Presiding officer Justice Fitzpatrick
PDF · Subscribers
SISP Order
  • Bid deadline 4 November 2022
  • Order date 14 September 2022
  • Phase1 deadline 21 October 2022
  • Break fee Subscribers
  • + 4 more extracted facts
PDF · Subscribers
Sealing Order (Ball Affidavit)PDF · Subscribers
Sealing Order (Creaney Affidavit)PDF · Subscribers
Supplemental Report to the Second Report of the Monitor
  • Sale advisor National Bank Financial Inc. (sale agent)
  • Stalking horse Subscribers
PDF · Subscribers
Second Report of the MonitorPDF · Subscribers
Affidavit #1 of Russell BallPDF · Subscribers
Affidavit #2 of Brendan CreaneyPDF · Subscribers
Notice of Application of the PetitionersPDF · Subscribers
Amended and Restated Initial Order
  • Order date 29 August 2022
  • Stay expiry 6 October 2022
PDF · Subscribers
Supplemental Report to the First Report of the MonitorPDF · Subscribers
First Report of the MonitorPDF · Subscribers
Notice of Application re CCAA RepresentationPDF · Subscribers
Blackline to Initial OrderPDF · Subscribers
Notice of Application - returnable August 29, 2022PDF · Subscribers
Creditor List - Trevali Mining (New Brunswick) Ltd.PDF · Subscribers
Creditor List - Trevali Mining CorporationPDF · Subscribers
Notice to CreditorsPDF · Subscribers
Affidavit of Brendan Creaney
PDF · Subscribers
Initial Order
  • Applicant Trevali Mining Corporation and Trevali Mining (New Brunswick) Ltd.
  • Appointee FTI Consulting Canada Inc.
  • Appointee role Monitor
  • Commencement date 19 August 2022
  • + 7 more extracted facts
PDF · Subscribers
Petition
PDF · Subscribers
Pre-Filing Report of the Proposed Monitor
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., “Trevali” (CCAA), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/trevali

Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/trevali

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.