Sherritt suspends Cuban joint-venture activities as shares slump
Updated
Updated · MarketWatch · May 7
Sherritt suspends Cuban joint-venture activities as shares slump
16 articles · Updated · MarketWatch · May 7
The Canadian company fell 28% to C$0.18 in morning trading, while directors Brian Imrie, Richard Moat and Brett Richards resigned.
Sherritt said expanded US sanctions announced on 1 May could see it designated under an executive order at any time, prompting the suspension.
Earlier reports said employee repatriations had begun and Cuban partners were asked to return personnel from Canada, while Fort Saskatchewan, Alberta, operations remained unaffected.
Can Sherritt's Canadian refinery survive without its Cuban nickel supply and still power North America's critical minerals strategy?
As US sanctions create a humanitarian crisis in Cuba, will international allies defy the American blockade to provide aid?