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 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 > Market cap too smal

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Comment by Maxmoeon Jun 08, 2022 9:05pm

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Post# 34742219

RE:RE:RE:Market cap too smal

Here's the details. Looks like it fails market cap minimum. Float adjusted removes the market cap of shares owned by insiders. Maybe next reconstitution date.

Index Eligibility. At each reconstitution, a stock must satisfy the following to be eligible for index inclusion:

• Be classified as a Canadian company (see the Domicile section of this document) and be listed on the TSX or TSXV exchanges.

• Have a minimum float-adjusted market capitalization of CAD 250 million.

• Have a minimum three-month average daily value traded (ADVT) of CAD 250,000

• Be classified as a battery metals production company.

Buyreallow wrote: I can only give you the words from the methodology document. See appendix V of the attached link.

https://www.spglobal.com/spdji/en/documents/methodologies/methodology-sp-tsx-canadian-indices.pdf

Guess you will have to ask the TSX why. The global mining review of the 40 constituents shows an adjusted market cap of 669 million for Alexco Resourse, the smallest constituent.