Quebec · CCAA
Fifthteenth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor dated June 26, 2026
Court officer report · 26 June 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing8 verified
- cash on handnote: Excludes $5.1M of cash held in-trust by the Monitor · as at: 2026-06-14 · amount: 12079000 · currency: CAD
- operational summaryStornoway continues to operate under cold care and maintenance, paying current employees and suppliers in the normal course of business since the start of the CCAA proceedings, with no environmental incidents reported during the period.
- professional feesnote: Unfavorable variance of $171K vs budget attributable to additional work on the LIFT Call Option Agreement and environmental review · party: Restructuring professionals (Monitor and counsel) · amount: 281000 · period: 5-week period ended June 14, 2026 · currency: CAD
- purchaserLi-FT Power Ltd.
- recovery outcomeentries: basis: actual · quote: As of March 31, 2024, the Debtors' indebtedness towards the Streamers and Diaquem was $123.1 million and $170.8 million, respectively. Since then, distributions to the Streamers and Diaquem have been limited to approximately $8.0 million from the milling campaigns and $2.2 million from the sale of Non-Core Assets, as previously authorized by the Court. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 8000000 · amount high: 8000000 · class label: Streamers · claims amount: 123100000 · creditor name: Streamers · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As of March 31, 2024, the Debtors' indebtedness towards the Streamers and Diaquem was $123.1 million and $170.8 million, respectively. Since then, distributions to the Streamers and Diaquem have been limited to approximately $8.0 million from the milling campaigns and $2.2 million from the sale of Non-Core Assets, as previously authorized by the Court. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 8000000 · amount high: 8000000 · class label: Diaquem · claims amount: 170800000 · creditor name: Diaquem · interim final: unstated · claims qualifier: unstated · stated on: 2026-06-26 · table missing:
- report date26 June 2026
- report noFifteenth Report
- sale outcometext: The LIFT Call Option Agreement represents the best available alternative for the potential monetization of the Assets in the current circumstances · scope: whole_business · status: pending_approval