Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Copper

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 through hydrometallurgical processes. 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. 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 Company’s 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

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Comment by Contrarian333on Mar 06, 2019 10:11pm

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Post# 29453254

RE:RE:RE:RE:Sherritt Defaults

This isn't big news either way. They have been saying that they wouldn't put more money in Ambatovy for quite some time. It has only come to a head now because there is a cash call. I'm not even certain that they will be diluted in the end because they only own 12%. Let's see where it shakes out. At a particular dilution of interest, the operatorship simply isn't worth it. Their partners know that.

Scotiabank:
Sherritt International Corporation

Ambatovy Funding Finally Cut Off

Sherritt announced that it will not fund its 12% share of a US$45 million cash call (100%

basis) received from the Ambatovy Ni-Co Joint Venture in Madagascar. We believe this

decision should come as no surprise to investors given the company's recent disclosure

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