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

Receivership

^{Page last updated: August 5, 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 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.