Western Potash Corporation
Follow- Proceeding
- CCAACompanies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- S-266288
Western Potash Corporation sought protection under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended, in proceedings commenced on August 21, 2026 before the Supreme Court of British Columbia under court file S-266288. The application was brought by WPC (Jersey) Limited. FTI Consulting Canada Inc. has been named proposed monitor.
The court approved the sale and investment solicitation process, with a phase one deadline of October 21, 2026.
Source: SISP Notice
The approved process sets a bid deadline of December 7, 2026 and an outside date of February 26, 2027.
Source: SISP Procedures
16 earlier updates, back to 20 August 2026 — subscribers.
Filing brief
Western Potash: the lender writes the first affidavit
More than $240 million went into the Milestone potash mine southeast of Regina against a Phase I budget of $149.45 million, and the project still cannot produce a tonne. On August 21, WPC (Jersey) Limited — the Appian vehicle owed not less than CDN$85 million, plus US$16.8 million of unpaid interest — petitioned its own borrower into the CCAA in Vancouver and came away with a stay to August 31, a US$1 million opening draw on a US$6 million DIP, and a monitor holding powers the debtors usually keep.
Debtor
Western Potash Corporation
Monitor
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Stephens | Supreme Court of British Columbia | 1 order, Aug 2026 | 12 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorFTI | Stikeman Elliott LLP | 27 Aug 2026 | Service list · 27 Aug 2026 |
| DebtorWestern Potash Corporation | Dentons Canada LLP | 27 Aug 2026 | Service list · 27 Aug 2026 |
| CreditorWPC (Jersey) Limited | Norton Rose Fulbright Canada LLP | 27 Aug 2026 | Service list · 27 Aug 2026 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | WPC (Jersey) Limited (Appian)Security Agreement (WPC-Appian) dated May 16, 2022; Debenture by WPC dated May 16, 2022; Security Agreement (WPHC-Appian) dated May 16, 2022; Debenture by 090 Ltd. dated May 16, 2022 - comprehensive security interests — $85 million advanced pursuant to Facility Agreement/Credit Agreement dated April 28, 2022; senior secured creditor; unpaid interest under Credit Agreement now totalling US$16.8 million (separate accrued interest amount, not principal balance); demand letter and NOI under s.244 BIA delivered August 7, 2026 — debtor: Western Potash Corp. (borrower); Western Potash Holdings Corp. | $85M | Pre-Filing Report of the Proposed Monitor |
Sale process approved — SISP authorized to solicit sale, investment, or restructuring opportunitiesSISP Notice · 31 Aug 2026
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
SISP Notice
| PDF · Subscribers | |
| Affidavit #2 of Timothy Mister | PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
SISP Procedures
| PDF · Subscribers | |
Sales and Investment Solicitation Process
| PDF · Subscribers | |
Supplement to the First Report of the Monitor
| PDF · Subscribers | |
| Application Response of the Debtors | PDF · Subscribers | |
| Affidavit of Wenye (Bill) Xue | PDF · Subscribers | |
First Report of the Monitor
| PDF · Subscribers | |
List of Known Creditors
| PDF · Subscribers | |
| Notice of Application | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Notice to Creditors
| PDF · Subscribers | |
Affidavit #1 of Timothy Mister
| PDF · Subscribers | |
| CCAA FAQs | PDF · Subscribers | |
Initial Order
| PDF · Subscribers | |
Notice of Hearing
| 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., “Western Potash Corporation” (CCAA), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/western-potash-corporation