Quebec · Receivership (court-appointed)
Fifth Report
Court officer report · 20 February 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 filing11 verified
- cash on handnote: Cash balance at end per the Receiver's statement of receipts and disbursements for October 15, 2025 to February 13, 2026: $419,724 on the RBC side and $17,099 on the Fiera side. · as at: 2026-02-13 · amount: 436823 · currency: CAD
- disbursementsnote: Includes $109,717 paid on the section 81.4 employee priority claim. · since: October 15, 2025 (Receivership Order), through February 13, 2026 · amount: 995040 · currency: CAD
- operational summaryCanadoil has ceased operating. The Receiver ran a sale and solicitation process that produced two all-cash asset purchase agreements, with Canadoil Fittings Inc. (Ezeflow) for substantially all assets and the Bécancour plant, and with NMG for the secondary facility. Both are pending court approval. The Receiver is paying former employees' priority wage claims and expects to make an assignment in bankruptcy once most assets are sold.
- process resultsbids: 3 · ndas: 22 · note: Three (3) Binding Offers received by the Bid Deadline; teaser sent to more than 224 potential purchasers; 22 executed NDAs · as of: 2025-12-10 · solicited: 224 · qualified bids: 3
- professional feesnote: Professional fees - Receivership. Excludes the accrued fees and disbursements of the Receiver's counsel, which were still to be invoiced. A further $17,850 was paid for FTI's investigation-related fees up to December 31, 2025. · party: FTI Consulting Canada Inc. (Receiver) and Miller Thomson (counsel; insurance claim documents) · amount: 415468 · period: October 15, 2025 to December 31, 2025 · currency: CAD
- purchaserCanadoil Fittings Inc.; Nouveau Monde Graphite inc.
- receipts cumulativenote: Includes advances from Fiera ($858,531) and RBC ($26,489), cash on hand of the Interim Receiver ($109,717 RBC and $23,059 Fiera), and other deposits ($414,067, a federal government grant). · since: October 15, 2025 (Receivership Order), through February 13, 2026 · amount: 1431863 · currency: CAD
- report date20 February 2026
- report noFifth Report
- sale advisorFTI Capital Advisors
- sale outcometext: Successful Offers selected and Asset Purchase Agreements executed, pending Court approval · scope: whole_business · status: pending_approval