KMC Mining Corporation, an Alberta-based mining company, had its NOI proceedings continued under the CCAA on January 10, 2025 after facing financial distress due to the sudden cancellation of its largest contract with Suncor Energy. The company lists over $220 million in liabilities, including $104 million owed to a syndicate led by ATB Financial, $49.3 million to The Klemke Foundation, and $52.6 million to equipment lenders. KMC originally filed an NOI in December 2024 as a temporary measure before seeking CCAA protection. The proceedings aim to conduct a Sales and Investment Solicitation Process (SISP) with Ernst & Young Orenda Corporate Finance as sales agent, while certain syndicate members provide a DIP loan. FTI Consulting is the monitor. Legal counsel includes Duncan Craig for KMC, MLT Aikins for the monitor, Ogilvie for The Klemke Foundation, Gowling WLG for Wells Fargo, Norton Rose Fulbright for the syndicate, and Blakes for Suncor Energy.