Sherritt International Corp. announced today that it has made an amendment to its previously announced transaction to extend the maturities of the Corporation's note obligations and strengthen the Corporation's capital structure to be implemented pursuant to a corporate plan of arrangement under the Canada Business Corporations Act, following discussions with certain holders of the Corporation's Existing Notes that [...]
Sherritt International Corp. announced today a proposed transaction to extend the maturities of the Corporation's notes obligations and strengthen the Corporation's capital structure. The CBCA Transaction, described in further detail below, will extend the maturities of the Corporation's notes obligations to November 2031, subject to certain conditions, and reduce Sherritt's total outstanding notes obligations by up to [...]
Sherritt International Corp. today issued the following statement in response to misleading information that has come to its attention in connection with its 10.75% unsecured PIK option notes due 2029 . The Corporation reconfirms that it is not currently, nor has it ever been in breach of the Notes indenture and notes that all payment obligations thereunder have been settled in accordance with the terms of the Notes [...]
Sherritt International Corporation , a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt - metals deemed critical for the energy transition - today reported its financial results for the three months and year ended December 31, 2024 and provided its 2025 guidance. All amounts are in Canadian dollars unless otherwise noted. "Sherritt demonstrated exceptional performance in 2024, with [...]
Sherritt International Corp. today announced its fourth quarter and full year 2024 production results. Sherritt also announced it received total distributions of $29.8 million from the Cobalt Swap agreement , composed of $23.7 million in cash and 223 tonnes of finished cobalt with an in-kind value of $6.1 million, and in its Power division, Sherritt received dividends of $7.0 million in Canada during the quarter, bringing [...]
Sherritt International Corp. will release its fourth quarter and full year 2024 results after market close on February 5, 2025. Senior management will host a conference call and webcast on February 6, 2025 at 10:00 am ET to review Sherritt's fourth quarter and full year 2024 financial and operational performance. Dial-in and Webcast Details: North America dial-in number: 1 717-1738 Passcode: 62973 International dial-in [...]
[wp=669]Sherritt International reported its financial results for the three and nine months ended September 30, 2024. Leon Binedell, President and CEO of Sherritt commented, "Our Metals division has achieved remarkable progress, with finished nickel production reaching its highest quarterly level in two years. We have successfully reduced our net direct cash costs to US$5.16 per pound, demonstrating a significant year-over-year [...]
Sherritt International Corp. today announced an update on its operations in Cuba following the nationwide power outage that began on October 18, 2024 . Despite the power outage and adverse weather from the tropical storm that occurred shortly after, Sherritt maintains its 2024 guidance ranges. The Moa nickel mine and all Energas S.A. facilities returned to full operating capacity on October 27, 2024. Following the power [...]
Sherritt International Corp. today announced an operational update following a countrywide power outage in Cuba that began on Friday, October 18th. Partial restoration of power occurred on Saturday, October 19th with efforts toward the complete restoration of the national grid continuing. At this time, Sherritt does not anticipate any impact to its 2024 guidance. At Sherritt's Metals division, the Moa Nickel mine, began [...]
Sherritt International Corp. will release its third quarter 2024 results after market close on October 30, 2024. Senior management will host a conference call and webcast on October 31, 2024, at 10:00 am ET to review Sherritt's third quarter 2024 financial and operational performance. Dial-in and Webcast Details: North America dial-in number: 1 717-1738 Passcode: 71533 International dial-in number: 1 514-5100 Passcode [...]
Sherritt International Corp. is pleased to announce the appointment of Shelley Brown to its Board of Directors effective today. Ms. Brown's appointment and significant experience will provide a seamless succession following the resignation of Anna Ladd-Kruger who is reducing her board commitments in order to take up full time study at the University of British Columbia. "We are delighted to have Shelley join our Board [...]
Sherritt International Corporation , a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt - metals deemed critical for the energy transition - today reported its financial results for the three and six months ended June 30, 2024. All amounts are in Canadian dollars unless otherwise noted. Leon Binedell, President and CEO of Sherritt commented, "We are encouraged by the strong [...]
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