Quebec · CCAA
Fourth Report to the Court submitted by the Monitor dated January 7, 2026 (Oridinal French Version)
Court officer report · 7 January 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
- cash on handnote: Consolidated cash balance of the CCAA Parties; the Annexe A table shows ending liquidity of 205.9 (in thousands) at the end of the 15-week period ending January 3, 2026, versus 205.6 k$ stated in the text. Excludes nothing stated, but 95,828 $ is held in reserve for the 8 PRB retirees. · as at: 2026-01-03 · amount: 205600 · currency: CAD
- disbursementsnote: Total actual disbursements of 374.6 k$ versus budget 522.8 k$, including environmental monitoring and demobilization of 226.8 k$. This is a 15-week period figure, not a cumulative since-filing figure. · since: start of the 15-week period ending 2026-01-03 (approx. late September 2025) · amount: 374600 · currency: CAD
- operational summaryThe debtor has no operations and no management (resigned March 2025); the Controller runs the CCAA Parties' affairs, oversees the environmental rehabilitation plan and monitoring, seeks to dispose of the Enclaved Land to the FIPME, searches for eight untraceable retirees, and is working toward a possible plan of arrangement.
- professional feesnote: Actual disbursements for 'Honoraires professionnels' of 127.7 k$ versus budget of 216.0 k$ (Annexe A, in thousands of CAD). Forecast professional fees for Jan 4 – Jun 27, 2026 are 187,500 $ (Annexe B). Tax treatment not stated. · party: Professional fees paid (counsel to Pétromont, Controller and its counsel), per cash flow comparison · amount: 127700 · period: 15 weeks ending 2026-01-03 · currency: CAD
- receipts cumulativenote: Total actual receipts of 53.7 k$ (budget 270.9 k$); the variance mainly reflects deferred interim financing of 200 k$ not yet drawn. This is a 15-week period figure, not a cumulative since-filing figure. · since: start of the 15-week period ending 2026-01-03 (approx. late September 2025) · amount: 53700 · currency: CAD
- report date7 January 2026
- report noQuatrième rapport