Mr. Jean-Francois Labbe
reports
ECOLOMONDO ANNOUNCES ORDER EXTENDING THE STAY OF PROCEEDINGS UNDER THE CCAA
The Superior Court of Quebec (Commercial Division) has issued an order extending the stay of proceedings in favour of
the company
and its wholly owned subsidiaries Ecolomondo Environmental (Hawkesbury) Inc., Ecolomondo Environmental (Contrecoeur) Inc., 9083-5018 Quebec Inc. and Ecolomondo Advanced Carbon Technologies Inc.
The initial stay of proceedings set to expire on Aug. 26, 2026, has been extended up and until Sept. 14, 2026, providing KPMG Inc. (the monitor)
with additional time to complete the second phase of the sale and investment solicitation process with respect to the business and assets of the company and its subsidiaries (the SISP) and, as the case may be, to submit the transaction contemplated by a successful offer identified pursuant to the SISP to the court for approval.
An order has also been issued dispensing the monitor from filing a report in connection with the application for the current order to extend the stay period.
Additional information in respect of the CCAA (Companies' Creditors Arrangement Act) proceedings can be found on the monitor's website. Readers are encouraged to consult the full text of the documents for further details. Further news releases will be provided during the CCAA proceedings as required by law and applicable securities regulations or as determined necessary by the company or the court.
About Ecolomondo Corp.
Ecolomondo, headquartered in Quebec, is a Canadian clean-technology company focused on its proprietary thermal decomposition process (TDP) technology, which recovers high-value commodities from scrap tire waste, including recovered carbon black (rCB), tire-derived oil (TDO), syngas, fibre and steel.
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