British Columbia · CCAA
Twenty-Second 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: Held in Monitor's trust accounts from the Appian Transaction and liquidation of CDPR shares · as at: 2025-11-21 · amount: 8000000 · currency: CAD · qualifier: approximately
- operational summaryTrevali Corp. is winding down through the CCAA process, resolving remaining claims (including the XL Claim settlement and D&O Claims) and pursuing an interim distribution of CAD 5.8 million to unsecured creditors while retaining a holdback reserve for ongoing recovery efforts including the Appian Civil Claim and HST Appeal.
- recovery outcomeentries: basis: actual · quote: Pursuant to the Initial Distribution Order, payments have been made to the Administrative Agent and Glencore in relation to amounts owing under the Revolving Credit Facility and the Glencore Facility, which were both repaid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Revolving Credit Facility and Glencore Facility · creditor name: Administrative Agent and Glencore · interim final: unstated · claims qualifier: unstated · stated on: 2025-11-28 · table missing:
- report date28 November 2025
- report noTwenty-Second Report of the Monitor