Ekati Diamond Mine’s parent company, Arctic Canadian Diamond Company, has received an extension of creditor protection until July 28 and has been approved for up to $60 million in interim financing from the Canada Enterprise Emergency Funding Corporation (CEEFC).

According to CBC, FTI Consulting Canada has been appointed by the court to monitor the companies’ business and financial affairs and has published the court decisions.

The B.C. Supreme Court granted the company additional time to seek new investors, refinance, or restructure, and approved a formal sales and investment process for the mine.

The company filed for creditor protection earlier and already has $175 million in funding from the CEEFC, with total liabilities reported at about $655 million.

The court has set a final bidding deadline for the sale process on September 25, with a court approval date scheduled for October 23.