The US Bankruptcy Court gave an order to Fortem Resources Inc to obtain DIP financing on June 29, 2022. As per the order, the debtor has been authorized to obtain a term loan facility in the amount of $95,000.00 USD plus any asset protection payments, and $20,782.62 CAD will get on advance from Pimee Energy, Inc. acting as the administrative agent. The DIP loan would either carry an interest rate of 5.25%, default rate of 11%.

The DIP facility would mature either on August 30, 2022, or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier.