Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. It is also the independent energy producer in Cuba. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.

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Sherritt International Corp > We got an upgrade (DBRS Debt rating Feb 1)

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Comment by FrozenInOntarioon Feb 07, 2023 4:04pm

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Post# 35272799

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:We got an upgrade (DBRS Debt rating Feb 1)

Their presentation indicates that they need $150M in outstanding 2L notes so the cash sweep take effect. I cannot find this in the indenture.

They have 230 mm of 26 O/S. Cash sweep will probably get triggered on 2 half report - 30 april trigger date. So would expect a buy back to be annonced in February, after they settle the Sus. And then, a sweep.

GLTA

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle