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 > Loss provision for GNC receivable

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Post by CPA023on Jul 07, 2023 2:58pm

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Post# 35531395

Loss provision for GNC receivable

Do you remember that in the book value of the GNC receivable as at March 31 2023, there is a loss of $57 M that was recorded in 2021 ($8M) and 2022 (48M). That means that if Sherritt receives all the remaining GNC receivable, it will then have to record a non-cash gain of $57M that will increase the book value of the Sherritt's shares.

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