Ontario · CCAA
Fifth Report of the Monitor
Court officer report · 7 October 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified · 1 withheld
- secured creditorsnote: No outstanding balance stated in these pages. · page: 3 · creditor: Ad Hoc Committee of holders of 8.750% senior secured notes due 2026 (Ad Hoc Noteholders) · currency: USD · security: Senior secured lender security (Senior Secured Debt Documents), ranking fifth in the court-ordered charges priority
- secured creditorsnote: No outstanding balance stated in these pages. · page: 3 · creditor: Oaktree Capital Management, LP and Hartree Partners, LP (First Secured Lenders) · currency: USD · security: Senior secured lender security (Senior Secured Debt Documents); ranks fifth in the court-ordered charges priority, behind the Administration, CRO Fee, Financial Advisor Fee, D&O, DIP and Financial Advisor Transaction Fee charges
- secured creditorsnote: Court-approved DIP facility (final approval June 30, 2026), not pre-filing debt; no amount drawn or limit stated in these pages. DIP Lender asserts the Debtors are in default (letter of September 30, 2026); the Debtors dispute that any event of default has occurred. · page: 33 · debtor: BIM and BIM LP (Borrowers); NIO and 123 (Guarantors) · creditor: Government of Canada, as represented by Export Development Canada (DIP Lender) - EDC DIP Facility · currency: USD · security: DIP Charge, ranking third in the court-ordered charges priority, to the maximum amount of the DIP Obligations then outstanding
- operational summaryThe Debtors continue to operate the Mary River Mine under CCAA protection, funded by the EDC DIP facility, while the CRO, Transaction Advisor and Monitor prepare for a sale and investment solicitation process. The Monitor recommends approving the Secured Lenders' SISP, which gives the CRO decision-making authority, over the Applicants' version.
- report date7 October 2026
- report noFifth Report of the Monitor
- sale advisorMorgan Stanley Canada Limited
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.