Fortem Resources Inc. filed an asset purchase agreement in the US Bankruptcy Court for the sale of substantially all its assets on August 9, 2022. As per the agreement dated August 1, 2022, seeks the Court's approval for the sale of 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.