Ontario · CCAA
First Report of the Monitor
Court officer report · 22 May 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 filing4 verified
- cash on handnote: Stated in USD millions as the beginning balance of the May 22 Forecast (period May 15 to June 5, 2026). The forecast projects an ending cash balance of $5.8 million. This is a forecast opening balance rather than an independently stated bank balance; the as-at date is inferred from the start of the forecast period. · as at: 2026-05-15 · amount: 15.4 · currency: USD · qualifier: beginning balance (excl. Restricted Cash)
- operational summaryThe Debtors' operations at the Mary River Mine have continued without any material interruption since the CCAA filing, with employees and key suppliers generally supportive; the Debtors are running a DIP financing solicitation process and are projected to have sufficient liquidity to operate through June 5, 2026.
- report date22 May 2026
- report noFirst Report