Ecolomondo Corporation (TSXV: ECM), a Québec-based cleantech company, announced that the Superior Court of Québec has extended its Companies' Creditors Arrangement Act (CCAA) stay of proceedings until September 25, 2026. The extension covers Ecolomondo and its four wholly-owned subsidiaries. The additional time is intended to allow Monitor KPMG Inc. to address environmental remediation following an August 21, 2026 incident and to advance a potential asset purchase agreement with a prospective buyer under the ongoing sale and investment solicitation process.

Key Points

  • Ecolomondo Corporation (TSXV: ECM) is a Québec-headquartered cleantech company operating under CCAA creditor protection.
  • The Superior Court of Québec extended the stay of proceedings from September 14, 2026 to September 25, 2026.
  • Monitor KPMG Inc. is managing both environmental remediation from an August 21 incident and negotiations toward a signed asset purchase agreement.
  • Investors should watch for a Court-submitted asset purchase agreement and any further Court orders as restructuring proceedings continue.

Court Extends CCAA Protection for Ecolomondo and Its Four Subsidiaries

The Superior Court of Québec (Commercial Division) issued an order extending the stay of proceedings in favour of Ecolomondo Corporation and its wholly-owned subsidiaries — Ecolomondo Environmental (Hawkesbury) Inc., Ecolomondo Environmental (Contrecoeur) Inc., 9083-5018 Québec Inc., and Ecolomondo Advanced Carbon Technologies Inc. The previous stay was set to expire on September 14, 2026. The new order pushes that deadline to September 25, 2026, granting Monitor KPMG Inc. a brief but targeted window to advance two critical workstreams simultaneously.

Environmental Remediation and Asset Sale Negotiations Drive the Extension

According to the release, the extension serves a dual purpose. First, it provides KPMG Inc. additional time to continue environmental remediation work stemming from an incident that occurred on August 21, 2026. Second, it allows the Monitor to negotiate and execute an asset purchase agreement with a potential purchaser identified through the sale and investment solicitation process. Once signed, that agreement is expected to be submitted to the Court for approval. The release states that the Court also issued an order approving the Monitor's activities as described in the Third Report of the Monitor dated September 10, 2026.

Ecolomondo's TDP Technology and Cleantech Assets at the Centre of SISP Process

Ecolomondo's core business centres on its proprietary Thermal Decomposition Process technology, which recovers commodities including recovered carbon black, tire-derived oil, syngas, fibre, and steel from scrap tire waste. These assets form the basis of the sale and investment solicitation process underway. The outcome of the asset purchase agreement negotiations will be a key indicator of whether the company's technology and operational infrastructure can be preserved or transferred through the restructuring. The company did not disclose the identity of the potential purchaser or the value of any proposed transaction in the announcement.