Ontario · CCAA
47th Report of the Monitor
Court officer report · 28 November 2025
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 filing5 verified
- cash on handnote: Variance statement shows an ending cash balance of US$53,725 thousand; approximately $4.5 million higher than forecast. · as at: 2025-09-30 · amount: 53700000 · currency: USD · qualifier: approximately
- operational summaryCrystallex remains in CCAA protection and is focused on enforcing its US$1.2 billion arbitration award against Venezuela, with the Delaware Court having approved the US$5.89 billion Amber Bid in the sale process; it has no operating revenue and expects no distributions before 2027.
- professional feesnote: Applicant's assumption of approximately $11.4 million of outstanding professional fees as at December 31, 2026, under the cash flow projection; actual Arbitration and CCAA costs for Apr 1-Sep 30, 2025 were US$7,216 thousand. · party: Applicant's professionals (tax accountant, Monitor and counsel to the Monitor, the Applicant, and the DIP Lender) · amount: 11400000 · period: outstanding as at December 31, 2026 · currency: USD
- report date28 November 2025
- report noForty-Seventh Report