US Trustee Flags Adviser Releases In Mining Co.'s Ch. 11

By Clara Geoghegan · July 14, 2026, 4:38 PM EDT

The Department of Justice's bankruptcy watchdog urged a Delaware bankruptcy judge to reject mining operation Searles Valley Minerals' bid to hire Ankura as its restructuring adviser, saying its engagement letter contains...

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Bankruptcy Scorecard

Summary

A California soda ash and borate mining operation filed for Chapter 11 protection June 15 in Delaware bankruptcy court with $85.5 million of secured debt and plans to sell its assets.

Case Number

1:26-bk-10966

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$341.7 million

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Documents

Case Information

Case Title

Searles Valley Minerals Inc.

Case Number

1:26-bk-10966

Court

Delaware

Nature of Suit

Date Filed

June 15, 2026