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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

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.


TSX:S - Post by User

Comment by Contrarian333on Aug 21, 2023 8:52am
58 Views
Post# 35597541

RE:RE:New Nickel Futures Contract

RE:RE:New Nickel Futures ContractAbaxx is a development stage company listed in Canada (ABXX) with a big agenda.  Their Singapore based subsidiary (majority owned by the Canadian parent) will go live with an exchange trading LNG, carbon credits, and battery metals later this year.  It would seem that their offering has a strong reception given the number of market participants who have reached out to them to discuss their introducing contract specifications that suit industry needs).  Currently the Company is raising necessary reserve capital at the exchange level.  In addition the Company is registering with the SEC to list on the CBOE (60% of global market capitalization is in the US vs 2% in Canada).  The Company's challenges are to raise this financing (and there will be another financing at the parent company level I'm sure) and to complete the SEC registration process.  Demand for their exchange financial products seems robust and the MAS (Monetary Authority of Singapore) seems ready to go once the Company has raised the necessary regulatory capital.  A large supporter of the Company is Robert Friedland and also includes Kyle Bass and the Lundin Family.  The technology that Abaxx has developed has application to  many different verticals.  They incubated another listed Company called Base Carbon which is now generating cash and Abaxx has a royalty agreement with them (as it does with the Exchange) - a model I expect to be replicated through a variety of verticals.  Financial exchanges are some of the most highly valued financial properties in the world.  None of this should be interpreted as a recommendation to buy the stock.  Every investor is different and what is right for me may not be for you. There are financing and registration risks to be overcome but when overcome I believe the market could value this Company much higher.  
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