The company said Friday that it received a cease trade order from the Alberta Securities Commission that was effective October 5.

It was issued, officials said, because Cobalt did not file a July 17 technical report under the outlines of National Instrument 43-101 within the prescribed period of time.

The producer did not indicate why the mandated documentation was not filed but did confirm that a qualified individual was currently working to update the report.

“The corporation anticipates that the updates will be complete within the next week and will work with the ASC to resolve this issue so that reinstatement of the corporation's securities to trading can occur,” it said.

Earlier this month, according to an Associated Press report, a lawsuit filed against Cobalt Coal by Encoal Energy and Gopher Land Services was set for dismissal after the parties filed a joint motion to that effect in federal court, which it conceded did not have jurisdiction.

Cobalt had previously filed the dismissal motion, as all of the involved companies are based in West Virginia.

The owner of the Westchester mine in southern West Virginia – and the subject of the 2011 documentary series Coal - said both entities agreed to binding arbitration to rectify any disputes.

Cobalt’s Westchester Coal bought the mineral and surface rights for the mine, as well as the permit, for about $1.6 million in March 2008.