Alberta · NOI
Third Report of the Monitor
Court officer report · 5 November 2025
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What we verified from this filing11 verified
- cash on handnote: Monitor separately holds approximately $2.4 million in trust from various sales, held pending resolution of Environmental Obligations. · as at: 2025-10-24 · amount: 190000 · currency: CAD · qualifier: approximately
- closing confirmedscope: the Public Pit Assets · outcome: completed · effective: 2025-05-07 · purchaser: PEA Holdings Incorporated · date basis: stated; scope: the DML · outcome: completed · effective: 2025-05-06 · purchaser: Fleming Cats Inc. · date basis: stated
- operational summaryMantle has sold all of its saleable Aggregate Pits and is now focused on completing remaining environmental reclamation work on a handful of pits, with its interim financing facility fully drawn and operations funded from limited cash on hand and held sale proceeds.
- professional feesnote: Actual fees vs. forecast of $92,000 (favourable variance ~$38,866); Mantle's counsel (Company Counsel) incurred separate actual fees of $414,924 for the same period. · party: Monitor and its counsel · amount: 53134 · period: September 7, 2024 to October 24, 2025 · currency: CAD
- purchaserPEA Holdings Incorporated; Fleming Cats Inc.
- receipts cumulativenote: Actual receipts for the 59-week period ending October 24, 2025, versus forecast of $406,083. · since: September 7, 2024 · amount: 481181 · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Furthermore, no distributions to creditors are contemplated at this time. · pct of: unstated · outcome: nil · stated by: monitor · class label: creditors · interim final: unstated · conditional on: distributions may be made to creditors once the Environmental Obligations have been fully satisfied · claims qualifier: unstated · stated on: 2025-11-05 · table missing:
- report date5 November 2025
- report noThird Report
- sale advisorRitchie Bros. Auctioneers
- sale outcometext: Mantle has completed the sales of all of its saleable Aggregate Pits · scope: whole_business · status: closed