Fraser Valley Renewables Ltd., Fraser Valley Agri Waste Solutions Ltd., Huntingdon Agricultural Ltd., certain real property of Matthew Blair Grier Malkin and 1315390 B.C. Ltd.

Receivership

Page last updated: December 23, 2025

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 December 19, 2025

Following the hearing which took place on December 18, 2025, which was continued on December 19, 2025, the Court granted the following relief:

• An approval and vesting order for the sale of 5133 Bates;
• An approval and vesting order for the sale of 5205 Bates;
• Authorization for the Receiver to assign the Debtors into Bankruptcy;
• Approving the sale of certain pieces of equipment to Bates Valley Holdings Ltd; and Approving the Burgess Listing Protocol.

The Court also granted a sealing order with respect to the purchase price of both properties. This sealing order will be lifted upon completion of the sales.

The Receiver's application for approval of its activities was adjourned generally.

Copies of the Orders currently available can be found under the Court Orders tab. Further Orders will be uploaded once made available by the Court.

Status of file as of December 13, 2025

The Receiver has made an application to the Court which will be heard on December 18, 2025. This application was scheduled to hear certain items from the November 19 hearing that did not get heard, including:

• An order authorizing the Receiver to assign the Debtors, or any of the Debtors into bankruptcy; and
• Approval of the Receiver's activities, as detailed in its First Report.

In addition, the December 18, 2025 application seeks:

• Approval and Vesting Orders for the sale of 5133 Bates and 5205 Bates;
• An order sealing the confidential supplement to the Second Report;
• Approval of the Receiver's activities to date, as detailed in its First and Second Report;
• An order approving the sale of certain equipment in a single transaction above the threshold permitted under the Amended and Restated Receivership Order; and
• An order approving a listing protocol with respect to 30828 Burgess.

The Receiver has served its second report in relation to this application, a copy of which can be found under the "Receiver's Reports" tab. A copy of the application materials can be found under the "Court Materials" tab. Filed copies of the materials will be uploaded once available.

Status of file as of December 5, 2025

The hearing scheduled for December 11, 2025, and referenced below, has been rescheduled, and will take place on December 18, 2025.

The Receiver will be issuing a further report ahead of the December 18, 2025 hearing which will be made available under the Receiver's Report tab.

Status of file as of November 19, 2025

Following the Court hearing on November 19, 2025, referenced below, the Court granted an Amended and Restated Receivership Order increasing the existing permitted sale transaction limits. A further hearing has been scheduled for December 11, 2025 to hear the bankruptcy application, and seek approval of the Receiver's activities to date. A copy of the Amended and Restated Receivership Order can be found under the Court Orders tab.

The Receiver will be issuing a further report ahead of the December 11, 2025 hearing which will be made available under the Receiver's Report tab.

Status of file as of November 12, 2025

The Receiver has made an application to the Court which will be heard on November 19, 2025. The application seeks:

• An amended and restated Receivership Order authorizing the Receiver to assign the Debtors, or any of the Debtors into bankruptcy and increases to the existing permitted sale transaction limits;
• Approval of the Receiver's activities to date, as detailed in its First Report; and
• An order declaring that certain amounts owed to Fraser Valley Agri-Waste Solutions are due and owing from Pacific Coast Renewables Corp.

The Receiver has filed its first report in relation to this application, a copy of which can be found under the "Receiver's Reports" tab. A copy of the application materials can be found under the "Court Materials" tab.

Status of file as of September 17, 2025

In accordance with paragraph 9 of the Receivership Order (found under Court Orders), the Receiver and the British Columbia Ministry of Environment and Parks have agreed to extend the stay on the Pollution Prevention Order to October 6, 2025.

Status of file as of August 23, 2025

We have had a number of former employees of Fraser Valley Renewables Ltd. and Fraser Valley Agri Waste Solutions Ltd. reach out to the Receiver asking for their record of employment (“ROE”). The Receiver is in the process of gaining access to the payroll records of Fraser Valley Renewables Ltd. and Fraser Valley Agri Waste Solutions Ltd. to prepare and issue the ROEs.

Further, access to the payroll records will enable the Receiver to prepare pre-populated Proof of Claim forms for the former employees and assist them in filing any eligible claims under the Wage Earners Protection Program Act (“WEPPA”). Further instructions for employees regarding the WEPPA process will be communicated to you via email in due course.

If you would like to learn more about the Wage Earners Protection Program, please see the link below:

https://www.canada.ca/en/employment-social-development/services/wage-earner-protection/employee.html

Status of file as of August 21, 2025

On August 21, 2025, the Supreme Court of British Columbia granted an Order appointing PricewaterhouseCoopers Inc. ("PwC") as the Receiver without security, of all of the assets, undertakings and property of Fraser Valley Renewables Ltd., Fraser Valley Agri Waste Solutions Ltd., Huntingdon Agricultural Ltd. and 1315390 B.C. Ltd. and certain real property of Matthew Blair Grier Malkin. The Order can be found under the Court Order section.