© BlackRock Metals / Courtesy
The BlackRock Metals plant would be built in Saguenay.
The Blackrock Metals listing process can begin. The Superior Court gave the green light Friday evening to a call for tenders for the company.
An initial offer of $ 95 million from Investissement Québec and the American group Orion serves as a starting stake for all other interested buyers. The latter have 60 days to come forward rather than 30, ruled Judge Marie-Anne Paquette.
Other shareholders who question the very relevance of the process have therefore not succeeded in interrupting it, but they will be able to participate. They hope to have the opportunity to defend their interests and better understand the circumstances that prompted BlackRock Metals to seek court protection on December 23.
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Through their participation in the process, the interests of shareholders can be defended, especially as they continue to seek a better understanding of the circumstances that prompted BlackRock Metals to seek court protection under the Creditors Arrangement Act on December 23, when in reality, the company was preparing to begin construction work on the Chibougamau mine in the spring of 2022“, Said the former President and CEO of BlackRock Metals, Jean Rainville, by email on Saturday.
The project already has all the environmental authorizations to go ahead.
With information from Gilles Munger