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 > Share based compensation exploding

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Comment by Dominiek007on May 11, 2023 5:41am

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Post# 35442468

RE:RE:Share based compensation exploding

It is mentionned in the Q1 results:

Cash and cash equivalents as at March 31, 2023 were $138.3 million, up from $123.9 million at December 31, 2022. During Q1 2023, Sherritt received $18.8 million in cash from the sale of cobalt to third-parties (Cobalt Swap); generated $15.7 million from the Fort Site primarily due to strong fertilizer pre-sales, offset by a $24.4 million payment for share-based compensation. In addition, Energas paid $6 million (33% basis) to GNC, in Cuban pesos, in accordance with the Cobalt Swap. During the quarter, Sherritt drew $18.0 million on its revolving credit facility.

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