On August 19, 2022 Trevali Mining Corporation and Trevali Mining (New Brunswick) Ltd. ("Trevali NB" and collectively, the "Applicants" or "Trevali") sought and obtained an initial order (the "Initial Order") from the Supreme Court of British Columbia (the "Court") under the Companies' Creditors Arrangement Act R.S.C. 1985, c. C-36, as amended ("CCAA"). The Initial Order provides, among other things, a stay of proceedings which may be extended from time to time. Pursuant to the Initial Order FTI Consulting Canada Inc. was appointed monitor (the "Monitor") of the Applicants.

On January 9, 2023 the Court granted an order appointing FTI Consulting Canada Inc. as Receiver, without security, of all of the assets, undertakings and property of Trevali NB, including all proceeds thereof, other than any real property, mineral claims, mining leases, real property leases owned or held by Trevali NB (the "Property") and excluding from the Property an amount sufficient to pay statutory severance and retention bonuses to employees of Trevali NB.