Sherritt Provides Updates on Operations and Financial Position
· Financial Post
TORONTO -- Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) today announced that it has received a specific license (the “Fuel License”) from the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) authorizing the purchase and delivery of fuel, fuel oil, and sulfur to Sherritt’s Moa Nickel mining and processing operations in Cuba (“Moa Nickel”), which form part of the Moa Joint Venture (“Moa JV”). The Fuel License is the first of a series of OFAC emergency licenses that will be necessary for Sherritt to be able to restart mining and processing operations at Moa Nickel as well as further processing and refining operations in Canada. Read More
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