Auctions & Liquidations Stornoway Diamonds - Renard Mine Site Auction

ONLINE AUCTION SALE

TCL Asset Group Inc. is pleased to announce that it has been awarded the contract to manage the sale of surplus assets from the Stornoway Diamonds (Canada) Inc. Renard Diamond Mine Site (Renard Mine). Assets sales feature Millions of Dollars in Assets in “Red Zone” Diamond Process Recovery, Mine Hoisting Operations, Underground/Surface Electrical Support & Related, FAR Surface Infrastructure, Rolling Stock as well as Site-Related Machinery and Inventory

The site is located approx. 800 km north of Montreal, Quebec in the James Bay region. The Renard Mine is one of only five diamond mines in Canada, and the only diamond mine in the Province of Quebec. In 2023, Deloitte Restructuring Inc. was engaged in their capacity as the monitor in the CCAA proceeding of Stornoway. The mine was placed in care and maintenance in March 2025.

TCL will be conducting a Liquidation of the Diamond Recovery Facility and Tomra Sorting System over the course of the next six months. Concurrently, TCL will hold an Online Auction scheduled for August/September 2025. Assets available during the auction phase include rolling stock, underground substations, switch gear, pumping stations, FAR surface infrastructure, mine hoists, inventory of wire and cable, and related underground machinery and equipment.

AUCTION SALE  ASSETS INCLUDE:

• Underground mining electrical - (substations, switch gear, etc.)
• Underground pumping stations
• Far Surface Infrastructure (FAR)
• Mine Hoists – (includes related electrical room assets)
• Compressors
• Technical services tools, radio communication and safety equipment
• Inventory of wire and cable (new and recovered underground)
• Vehicle and parts
• Warehouse inventory assets
• Underground mine fans and related assets

More info to follow...

CHICK HERE TO REVIEW PRIVATE NEGOTIATED SALE PAGE FOR ALL OTHER ASSETS BEING SOLD!

IMPORTANT INFORMATION:

• All assets are sold AS IS, WHERE IS.
• Please review the catalogs and read all LOT Descriptions carefully.
• Assets are subject to prior sale and catalog will be adjusted accordingly.
• Buyer’s Premium is 18%.
• Sales Tax - QST is 13%
• Sale is conducted and payable in USD.

For more infomation or make an offer, please contact our office at 905-660-1367 or email Terrance Jacobs at tjacobs@managingyourassets.com