Yukon Zinc Corporation (Bankruptcy)

The officer filed report no. Thirteenth Report. Care and maintenance of the Wolverine Mine was transitioned to the Government of Yukon's contractor (BEL) as of November 1, 2022, and the Receiver's involvement has since been limited to ad-hoc calls with YG. The Receivership administration is complete and the Receiver is seeking its discharge.

Source: Receiver's Thirteenth Report to Court

The officer filed report no. Twelfth Report. The Mine is in care and maintenance; effective November 1, 2022 the care and maintenance work transitions to a third-party contractor (Boreal Engineering Limited) engaged through the Government of Yukon, leaving the Receiver with limited powers and mainly statutory administration, plus removal of two tailings treatment barges and minor water testing in November.

Source: Receiver's Twelfth Report to Court

The officer filed report no. Eleventh Report. The Mine is under care and maintenance by the Receiver, which has also had to arrange repairs to the Tailings Storage Facility after sloughing was found in June 2022. Yukon Government is expected to appoint a new care and maintenance contractor from November 1, 2022, greatly reducing the Receiver's activities.

Source: Eleventh Report of the Receiver

Schedule A - Service List (PwC re Yukon) — Service list

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Schedule B - Service List - Secured Creditors (BC, Yukon and Mining Claimants) — Service list

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The officer filed report no. Tenth Report. The Receiver closed the Logan Transaction sale to Almaden, settled the water treatment equipment dispute among Welichem, YG and the Receiver, and is seeking to distribute the limited sale proceeds to Fasken and A&M and to approve its activities and accounts. Court file S.C. No.19-A0067.

Source: Tenth Report of the Receiver

The officer filed report no. Ninth Report. The Receiver continues care and maintenance and environmental monitoring/water treatment at the Wolverine Mine, has closed the Almaden sale of a small subset of assets, and is seeking a $3.0 million increase to its borrowing charge to fund the receivership to October 31, 2022.

Source: Receiver's Ninth Report

The officer filed report no. Eighth Report. The Receiver has maintained care and maintenance of the Wolverine Mine, including water treatment and environmental monitoring, and has concluded the sale process by seeking approval to sell the Logan claim interest to Almaden while terminating the SISP for the remaining assets and transitioning the Mine to the Government of Yukon.

Source: Receiver's Eighth Report to Court

The officer filed report no. Seventh Report. The Receiver continues care and maintenance of the Wolverine Mine, including environmental monitoring, water treatment upgrades and regulatory compliance. It continues to run the sale process (SISP), having concluded there was no acceptable offer for the majority of the assets and negotiating a sale of a small subset with a single party.

Source: Receiver's Seventh Report to the Court

The officer filed report no. Second Supplemental to the Sixth Report. This supplemental report corrects Appendix F of the Sixth Report: Item 419 (VFDs) is located in the Mill building, while the two VFDs at the Tailings Storage Facility are part of the water treatment equipment and are the subject of the Receiver's fixtures application.

Source: Receiver's Second Supplemental to the Sixth Report

The officer filed report no. Supplemental Sixth Report. The Receiver continues care and maintenance of the Wolverine Mine, including seasonal water treatment to keep the Tailings Storage Facility below its maximum allowable level. It replaced 71 of 79 Essential Items by June 2021 and used the remaining eight water treatment items until the season ended October 4, 2021.

Source: Receiver's Supplemental Sixth Report to Court

Receiver's Sixth Report to Court — Court officer report

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