Overview

• Atrum Coal agreed to drop its $142.8 million lawsuit and surrender its foothills coal leases under the settlement.
• Atrum will distribute net proceeds to shareholders after covering taxes, legal fees, director compensation and reclamation funds.
• Evolve Power has also settled its claim with Alberta but has not publicly disclosed the terms.
• Three other expropriation lawsuits by Cabin Ridge, Black Eagle and Northback remain active as part of a joint $16 billion damages pursuit.
• The Siksika Nation has launched a judicial review challenging the province’s consultation process on lifting the coal moratorium.