The US Bankruptcy Court gave an order approving the sale of the substantially all the assets of Fortem Resources Inc. on September 7, 2022. The debtor has been authorized to sell substantially all its assets to Pimee Energy, Inc winning bidder, for a purchase price of $0.70 million in cash. The proceeds from the sale would be used to pay off the amount owed to the debtor's pre-petition lender.

The buyer is represented by Carlyon Cica Chtd. Of Carlyon Cica PLLC as its legal advisor.