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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.


TSX:S - Post by User

Sherritt International Corp > 60 million shares
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Comment by Albatrosson Dec 12, 2024 4:22pm
123 Views
Post# 36359814

RE:RE:RE:RE:RE:60 million shares

RE:RE:RE:RE:RE:60 million shares

 

https://www.sherritt.com/English/Investor-Relations/News-Releases/News-Release-Details/2024/Sherritt-Corrects-Misleading-Information-Announced-by-SC2-Inc.-an-Affiliate-of-Seablinc-Canada-Inc.-a-Significant-Supplier-to-Sherritts-Moa-Joint-Venture/default.aspx

SC2’s Interests are to Entrench its Affiliate Seablinc as a Key Supplier to Sherritt’s Moa Joint Venture at a Significant Cost to Sherritt’s Shareholders

Seablinc is a specialist in commodity procurement solutions based in Alberta, employing a small team that includes former Sherritt employees. Its interests include entrenching the significant commercial supplier agreements it has with Sherritt’s Moa Joint Venture on terms that are as favourable to Seablinc as possible. These interests are not aligned with the interests of Sherritt’s other shareholders, who benefit from lower costs realized in part through competitive bidding processes in supplier negotiations. Sherritt advises shareholders to exercise caution in considering communications from SC2, given the potential additional ulterior motives of SC2 which it has not disclosed.

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