US Magnesium LLC
Case Number:
1:25-bk-11696
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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February 12, 2026
Under The Radar: Bankruptcy News You May Have Missed
A bankrupt watchmaker secured court approval for a sale of some of its assets to a stalking-horse bidder, US Magnesium requested permission to privately sell a turbine, and the one-time CEO of Tricolor Holdings asked a Texas bankruptcy judge to dismiss claims in an adversary suit against him.
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February 02, 2026
Yes To US Magnesium's $30M Sale, No To Genesis Trustee
US Magnesium secured approval of a $30 million asset sale in its bankruptcy, a judge refused to install a Chapter 11 trustee in Genesis Healthcare's case, and another allowed self-driving vehicle technology company Luminar Technologies to move forward with asset sales that will net its estate $142.54 million.
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January 12, 2026
US Magnesium Creditors Say Sale Process Was Rigged
The unsecured creditors committee in the U.S. Magnesium bankruptcy has urged a Delaware bankruptcy judge to not give the company permission to sell its assets to its parent company, accusing the parent of manipulating the transaction to grab the assets while leaving other creditors behind.
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January 05, 2026
US Magnesium Creditors Seek Standing To Challenge Loans
The unsecured creditors in the U.S. Magnesium Chapter 11 have asked a Delaware bankruptcy judge for standing to challenge more than $114 million of the mining company's debt and liens on company property, arguing that the company says it can't and won't pursue the claims.
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December 22, 2025
US Magnesium's $11.5M DIP Needs Revisions, Judge Says
A Delaware bankruptcy judge Monday declined to grant final approval of US Magnesium's $11.5 million in Chapter 11 financing, saying it was too early to authorize that relief as parties in the case continue to challenge the viability of the debtor's restructuring plans.
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December 19, 2025
What's Happening In Bankruptcy Court This Coming Week
A magnesium producer will ask for final approval of a debtor-in-possession loan funded by its parent company, a heavy machine retailer is asking for approval of its Chapter 11 liquidation plan after selling its business as a going concern, and auto parts giant First Brands has asked a judge to approve procedures it says will assuage concerns about its restructuring process.
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December 12, 2025
What's Happening In Bankruptcy Court This Coming Week
US Magnesium will appear for a conversion hearing while requesting approval of $10 million debtor-in-possession financing. Meanwhile, solar developer Pine Gate Renewables will ask a judge to sign off on its asset purchase agreement, gift wrap manufacturer IG Design Group faces a confirmation hearing on its Chapter 11 liquidation plan, and Anthology will pursue conditional approval of its disclosure statement.
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December 08, 2025
No Deal Yet As US Magnesium Faces Ch. 7 Conversion Motion
Counsel for US Magnesium told a Delaware bankruptcy judge Monday that the debtor has met with several regulatory agencies ahead of a hearing next week to convert the case to a Chapter 7 liquidation, but that the former magnesium producer has yet to reach a resolution with them.
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December 05, 2025
US Magnesium Creditors Again Ask Judge To Nix Ch. 11 Loan
US Magnesium's unsecured creditors committee has once again urged a Delaware bankruptcy judge not to give final approval to the former magnesium producer's $10 million Chapter 11 loan, saying it only benefits US Magnesium's secured lenders and parent company.
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November 10, 2025
Utah Enviro Agency Objects To US Magnesium Transaction
Utah's environmental regulatory agency has asked a Delaware bankruptcy judge to reject US Magnesium's asset sale agreement, saying a buyer should be bound by the same responsibilities as the debtor.