Victory Nickel Inc.
Follow- Proceeding
- ProposalBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- File
- CV-23-00695460-00CL
- Industry
- Mining · Base & battery metals
Victory Nickel Inc. commenced proposal proceedings under Division I of the Bankruptcy and Insolvency Act on December 3, 2025, before the Ontario Superior Court of Justice (Commercial List), under court file number BK-23-02818736-0031. A Form 92 Notice of Proposal list of creditors with claims of $250 or more, dated as of April 19, 2022, names more than twenty unsecured creditors, the largest being CCGRF (c/o Intertrust) at $10,488,260.12, followed by claims from Cypress County, Jane Laidlaw/PFDH Holdings Ltd., CEBA, Red Cloud Mining Capital Inc., and a number of individuals and municipalities. The proceeding remains active.
A claims procedure has been established — see the order for deadlines.
Victory Nickel Inc. filed its proposal application with the Ontario Superior Court of Justice (Commercial List).
The court granted an approval and vesting order for the sale to Rio Tinto Exploration Canada Inc. Closing terms, as extracted: vesting upon delivery of Trustee's Certificate confirming payment of Purchase Price, satisfaction/waiver of conditions, and completion of Transaction.
Undated filings1 — no date appears on the document · show
Debtor
Victory Nickel Inc.
Proposal trustee
GlassRatner
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 2 orders, Dec 2025 | 245 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Mar 2023 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorB. Riley Farber Inc | Cassels Brock & Blackwell LLP | 8 Mar 2023 | Order · 8 Mar 2023 |
| CreditorGlassRatner Restructuring Inc | Cassels Brock & Blackwell LLP | 10 Dec 2025 | Order · 10 Dec 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | CCGRF (c/o Intertrust)debtor: Victory Nickel Inc. · as of 19 Apr 2022 | $10.5M | Notice of Proposal |
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured | |||
| Unsecured |
20 more claims in 1 class The stack holds Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansSale approvedCourt Order of Justice Kimmel dated March 8, 2023 · 8 Mar 2023
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Rio Tinto Exploration Canada Inc.the Debtor's right, title and interest in and to the assets described in the Sale Agreement (the "Purchased Assets") · asset sale · agreement 10 Feb 2023 | not stated | Approved8 Mar 2023 | Court Order of Justice Kimmel dated March 8,… |
Preferred creditors: paid in full.Under the plan · vote pendingProposal to Creditors · 1 Apr 2022
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | estimated | paid in full | Under the planvote pendingper the debtor | Proposal to Creditors · 1 Apr 2022 |
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.
1 blurred figure 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 plans| Date | Document | File |
|---|---|---|
Endorsement of Justice J. Steele dated December 10, 2025
| PDF · Subscribers | |
Order of Justice J. Steele dated December 10, 2025
| PDF · Subscribers | |
Motion Record dated December 3, 2025
| PDF · Subscribers | |
| Trustee’s Certificate dated March 9, 2023 | Trustee site | |
Court Order of Justice Kimmel dated March 8, 2023
| PDF · Subscribers | |
Endorsement of Justice Kimmel dated March 8, 2023
| PDF · Subscribers | |
| Application Record dated February 28, 2023 | Trustee site | |
Notice to Creditors
| PDF · Subscribers | |
| Certificate of Appointment | PDF · Subscribers | |
Notice of Proposal
| PDF · Subscribers | |
Proposal to Creditors
| PDF · Subscribers | |
| Proof of Claim Form | 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., “Victory Nickel Inc.” (Proposal), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/victory-nickel-inc