Sherritt International Corp.

Sherritt International Corp. : Sherritt International Corp. today announced a proposed $100 million offering of units . Each unit shall consist of one common share and one-half of one common share purchase warrant linked to the price of cobalt . Each Cobalt-Linked Warrant will be exercisable to acquire between 1.00 and 1.25 common shares of Sherritt, determined based on the Applicable Cobalt Reference Price . The Units [...]

Sherritt International Corp. : Sherritt International Corp. today announced its 2017 production results and provided guidance for expected production, unit costs and capital spending in 2018. All amounts are in US dollars, unless otherwise noted. Highlights Finished nickel and cobalt production at Sherritt’s Moa Joint Venture was 31,523 tonnes and 3,601 tonnes, respectively, which is within 2017 guidance ranges [...]

Sherritt International Corp. : Sherritt International Corp. today announced that a preliminary review of the facilities of the Ambatovy Joint Venture in Madagascar in the wake of Tropical Cyclone Ava, a Category 2 hurricane equivalent storm, has been completed. All Ambatovy personnel have been safely accounted for following the storm and Ambatovy personnel are working on clean-up efforts with local affected communities [...]

Sherritt International Corp. : Sherritt International Corp. today announced that it has extended the timetable for its current activities on Block 10 to the first quarter of 2018. The decision allows the Company to evaluate drilling results completed to date and determine its best option to reach the target Lower Veloz reservoir, in which a discovery well drilled in 1994 had briefly tested at a rate of 3,750 barrels of [...]

Sherritt International Corp. : Sherritt International Corp. today announced that it has successfully closed its previously announced transaction to restructure its Ambatovy Joint Venture with Sumitomo Corporation and Korea Resources Corporation. Consistent with terms previously disclosed, Sherritt has transferred a 28% interest in the Joint Venture, eliminated $1.3 billion of related debt from its balance sheet, and will [...]

Sherritt International Corp. : Sherritt International Corp. regrets to announce the death of an employee at the Energas S.A. power generation operations in Cuba due to an apparent electrocution while completing maintenance activities. “We are deeply saddened by the news and have extended our condolences to the employee’s family, friends and co-workers,” said David Pathe, President and CEO of Sherritt [...]

Sherritt International Corp. : Sherritt International Corp. today announced the signing of a definitive agreement to restructure its Ambatovy Joint Venture with Sumitomo Corporation and Korea Resources Corporation that will result in the transfer by Sherritt of a 28% interest in the Joint Venture and the elimination of related debt from Sherritt’s balance sheet consistent with the previously announced agreement in [...]

TORONTO, June 22, 2017 /CNW/ - Karen Trenton, Senior Vice President, Human Resources, Sherritt International Corp. (S), joined Ungad Chadda, President, Capital Formation, Equity Capital Markets, TMX Group, to open the market to celebrate 90 years in operations, and 21 years listed on Toronto Stock Exchange. Sherritt is a resource company focused on the mining and refining of nickel from lateritic ores with projects and [...]

Sherritt, the world leader in the mining and refining of nickel from lateritic ores, today reported its financial results for the three months ended March 31, 2017. "During the quarter, our nickel, oil and power operations all generated free cash flow(1), allowing us to repay another $20.5 million on our revolving credit facility, and still maintain a cash position of just over $300 million at quarter end," said David [...]

An archive of the webcast will also be available on the website. The conference call will be available for replay until May 2, 2017 by calling 647-436-0148 or 1-888-203-1112, access code 8738389#. The webcast along with the presentation slides will be available on Sherritt's website.