Sherritt International Corp. announced today that it has completed its previously announced transaction to extend the maturities of the Corporation's notes obligations, reduce outstanding indebtedness and annual interest expense, and strengthen the Corporation's capital structure pursuant to which, among other things, the Corporation's previously outstanding 8.50% senior second lien secured notes due 2026 in a principal [...]
Sherritt International Corp. will release its first quarter 2025 results after market close on May 13, 2025. Senior management will host a conference call and webcast on May 14, 2025 at 10:00 am ET to review Sherritt's first quarter 2025 financial and operational performance. Dial-in and Webcast Details: North America dial-in number: 1 717-1738 Passcode: 94057 International dial-in number: 1 514-5100 Passcode: 94057 [...]
Sherritt International Corp. announced today that, in connection with the Corporation's previously announced transaction to extend the maturities of the Corporation's notes obligations and strengthen the Corporation's capital structure , the Corporation has obtained a final order from the Ontario Superior Court of Justice approving the plan of arrangement under the Canada Business Corporations Act pursuant to which the [...]
Sherritt International Corp. announced today that holders of the Corporation's outstanding 8.50% senior second lien secured notes due November 30, 2026 and holders of the Corporation's outstanding 10.75% unsecured PIK option notes due August 31, 2029 approved, at separate meetings of the Senior Secured Noteholders and Junior Noteholders held today, the Corporation's previously announced transaction to extend the [...]
Sherritt International Corp. announced today an update on the level of support received from Noteholders in connection with Sherritt's previously announced transaction to extend the maturities of the Corporation's note obligations and strengthen the Corporation's capital structure to be implemented pursuant to a corporate plan of arrangement, as amended, under the Canada Business Corporations Act . The CBCA Transaction is [...]
Sherritt International Corp. announced today that it has made an amendment to its previously announced transaction to extend the maturities of the Corporation's note obligations and strengthen the Corporation's capital structure to be implemented pursuant to a corporate plan of arrangement under the Canada Business Corporations Act, following discussions with certain holders of the Corporation's Existing Notes that [...]
Sherritt International Corp. announced today a proposed transaction to extend the maturities of the Corporation's notes obligations and strengthen the Corporation's capital structure. The CBCA Transaction, described in further detail below, will extend the maturities of the Corporation's notes obligations to November 2031, subject to certain conditions, and reduce Sherritt's total outstanding notes obligations by up to [...]
Sherritt International Corp. today issued the following statement in response to misleading information that has come to its attention in connection with its 10.75% unsecured PIK option notes due 2029 . The Corporation reconfirms that it is not currently, nor has it ever been in breach of the Notes indenture and notes that all payment obligations thereunder have been settled in accordance with the terms of the Notes [...]
Sherritt International Corporation , a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt - metals deemed critical for the energy transition - today reported its financial results for the three months and year ended December 31, 2024 and provided its 2025 guidance. All amounts are in Canadian dollars unless otherwise noted. "Sherritt demonstrated exceptional performance in 2024, with [...]
Sherritt International Corp. today announced its fourth quarter and full year 2024 production results. Sherritt also announced it received total distributions of $29.8 million from the Cobalt Swap agreement , composed of $23.7 million in cash and 223 tonnes of finished cobalt with an in-kind value of $6.1 million, and in its Power division, Sherritt received dividends of $7.0 million in Canada during the quarter, bringing [...]
Sherritt International Corp. will release its fourth quarter and full year 2024 results after market close on February 5, 2025. Senior management will host a conference call and webcast on February 6, 2025 at 10:00 am ET to review Sherritt's fourth quarter and full year 2024 financial and operational performance. Dial-in and Webcast Details: North America dial-in number: 1 717-1738 Passcode: 62973 International dial-in [...]
[wp=669]Sherritt International reported its financial results for the three and nine months ended September 30, 2024. Leon Binedell, President and CEO of Sherritt commented, "Our Metals division has achieved remarkable progress, with finished nickel production reaching its highest quarterly level in two years. We have successfully reduced our net direct cash costs to US$5.16 per pound, demonstrating a significant year-over-year [...]
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