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Asbestos Corporation Limited
840 Ouellet Blvd
Phone: (418) 338-5195p:418 338-5195 THETFORD MINES, QC  G6G 7A5  Canada Ticker: AB.HAB.H
Filed for Protection from its Creditors under the Companies' Creditors Arrangement Act (Canada) on 5/6/2025
On 5/6/2025, Asbestos Corporation Limited (ACL) and its parent company, Mazarin Inc. announced that an order from the Superior Court of Québec (Commercial Division) (the "Court") has been sought by a third party to grant ACL protection under the Companies' Creditors Arrangement Act (the "CCAA"). The Company intends to support the application. It is expected that Raymond Chabot Inc. would be appointed pursuant to the Initial Order as Monitor of ACL in order to assist the Company with its restructuring efforts and to report to the Court.
On 5/6/2025, Asbestos Corporation Limited filed a Chapter 15 Bankruptcy Petition #25-10934 in the U.S. Bankruptcy Court for the Southern District of New York (Manhattan) in order to gain recognition of its proceeding in the Superior Court of Quebec under the Companies' Creditors Arrangement Act dated 5/6/2025
This is a Subsidiary, click here for the Parent Company
Business Summary
Asbestos Corporation Limited (ACL) is a Canada-based company, which is focused on owning and maintaining its mining assets. The Company owns approximately eight mining sites (266 million metric tons of mineral reserves), located in the MRCs des Appalaches and Robert-Cliche, representing a total area of approximately 4,684 hectares. Its mineral resource reserves contain, among other things, magnesium and nickel, two materials considered critical and strategic by Canada and the United States. The Company has also partnered with Beton Provincial for the operation of its granite quarry.
(Source: 10-K405)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202412/31/2024Yes----

Industries
SIC Code Description
1499 Miscellaneous nonmetallic minerals, except fuels
6552 Land subdividers and developers, except cemeteries
6531 Real estate agents and managers
4225 General warehousing and storage
6794 Patent owners and lessors

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board JohnLeboutillier 79 8/26/2020 12/29/2003
President, Director GuyBerard 5/28/2021 8/27/2019
Chief Financial Officer, Secretary MarioSimard 5/20/2010 7/15/2004
3 additional Officers and Directors records available in full report.

Business Names
Business Name
AB.H
Asbestos Corp Ltd
Asbestos Corporation Ltd.
SOCIETE ASBESTOS LTEE

General Information
Number of Employees: 50 (As of 12/31/2005)
Outstanding Shares: 2,837,002 (As of 12/31/2024)
Shareholders: 83
Stock Exchange: NEX
Fax Number: (418) 338-6069


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Tuesday, May 13, 2025