Arctic Canadian Diamond Company Ltd., and Burgundy Diamonds (Canada) Limited

Receivership

^{Page last updated: September 15, 2026}

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

Status of File as of September 15, 2026  

PricewaterhouseCoopers Inc., in its capacity as court-appointed receiver of Arctic Canadian Diamond Company Ltd. and Burgundy Diamonds (Canada) Ltd., provides the following update regarding the receivership proceedings and activities at the Ekati Diamond Mine. 

Operations and Site Activities 

Mining operations at Ekati Diamond Mine ceased upon the Receiver’s appointment. Since that time, the Receiver’s immediate priorities have been maintaining site safety, securing the site and transitioning the mine to care and maintenance. 

Workforce reductions have occurred as operating activities have wound down. Information and resources for affected employees are available in the Employee Support section of this website. 

Planning and preparatory work for reclamation activities is underway. The Receiver is assessing the work required to meet applicable environmental and regulatory obligations and to maintain the site in a safe and stable condition. 

Stakeholder Engagement 

The Receiver has communicated with a number of affected Indigenous communities, community organizations, regulators, union representatives and other organizations affected by the Receivership. The Receiver welcomes engagement with any parties that have not yet connected with the Receiver. Questions or requests for discussion may be directed via email to: ca_burgundy@pwc.com.  

2026–2027 Winter Road 

The Receiver has determined that a dedicated winter road to the Ekati Diamond Mine is not required for the 2026–2027 season, following a detailed assessment of the Companies’ operational requirements, financial position and logistics, including fuel consumption modelling and anticipated care, maintenance and reclamation needs. 

The Receiver recognizes that this decision affects Indigenous communities, development corporations, contractors, service providers, regulators and others who have supported the safe and successful operation of the winter road over many years. This decision applies only to the 2026–2027 season and does not represent a permanent closure of the winter road. The Receiver expects to work with the winter road joint venture members regarding arrangements for the 2027–2028 season. 

Looking Ahead 

The Ekati Diamond Mine has played an important role in the North and in the communities connected to it. The work ahead is significant and will require careful planning, responsible stewardship, and ongoing collaboration. The Receiver’s focus is on ensuring environmental protection, regulatory compliance and meaningful community engagement while working to maintain a safe and stable site for the long term. 

The Receiver will continue to provide updates as material developments occur. 

Status of File as of July 14, 2026

On May 1, 2026, Arctic Canadian Diamond Company Ltd. and Burgundy Diamonds (Canada) Ltd. (collectively, "Burgundy" or the "Companies") commenced proceedings under the Companies' Creditors Arrangement Act ("CCAA"). A sale and investment solicitation process was subsequently undertaken in an effort to identify a purchaser or investor for the Ekati Mine. The process concluded on July 10, 2026 without a qualifying bid.  

Details regarding the CCAA proceedings are available on the Monitor's website: https://cfcanada.fticonsulting.com/ACDC/ 

At this time, the Companies do not have sufficient funding to continue operations. The Site is now transitioning to care and maintenance, reclamation and closure. 

Accordingly, on July 14, 2026, pursuant to an order (the “Receivership Order”) of the Supreme Court of British Columbia, PricewaterhouseCoopers Inc. was appointed as Receiver (the “Receiver”) of all of the assets, undertakings and properties of Arctic Canadian Diamond Company Ltd. and Burgundy Diamonds (Canada) Ltd. pursuant to Section 39 of the Law and Equity Act, R.S.B.C. 1996 c. 253, as amended.   

The Receivership Order can be found under the Court Orders tab.  

Court materials and additional updates will be posted to this website as they become available. 

The Receiver will provide further information to creditors and employees in the coming days. 

For inquiries, please email the Receiver at ca_burgundy@pwc.com or call 604 806 7062.