The US Bankruptcy Court approved the first amended joint plan of liquidation and related disclosure statement of Hopedale Mining LLC on January 15, 2021. The debtor has filed its first amended plan and disclosure statement in the Court on November 23, 2020. As per the amended plan, administrative claims, U.S. trustee fee, professional fee and priority tax claims will be paid in full in cash. Estimated recovery amount of $0.50 million of other priority claims will be paid in full in cash. Estimated recovery amount of $1.36 million and $18.12 million of DIP lender claim & prepetition lender claims respectively shall receive the portion of the lender settlement participation payable to the holders of DIP lender claims or their designees shall be equal to the amount of the lender settlement contribution amount paid by the holders of DIP lender claims or their designees. General unsecured claims shall receive its pro rata share of any remaining liquidating trust assets after providing for the payment in full of all allowed secured claims, allowed administrative claims, allowed priority tax claims and allowed other priority claims. Equity interests will be canceled, released and extinguished as of the effective date, and will be of no further force or effect. Plan will be funded through cash, proceeds from asset sales and other liquidating trust assets.