Sherritt International Corporation

About Sherritt International Corporation

Sherritt International is a world leader in mining and refining nickel and cobalt, critical minerals for the energy transition, with over 95 years of innovation and expertise. The company focuses on responsibly sourced minerals and operates diversified long-life assets in Canada and Cuba, aiming to secure a sustainable future through strategic growth and sustainable principles.

Products & Services

Nickel and Cobalt:Sherritt mines and refines nickel and cobalt using hydrometallurgical processes, essential for the energy transition, with operations including the Moa Joint Venture which has a 25-year mine life and plans for a 20% production increase.

Power Generation:Through its Power division and ownership in Energas, Sherritt is the largest independent energy producer in Cuba with a 506 MW capacity, representing 10% of national electrical capacity, using low-carbon emitting sources.

nickel

cobalt

Specialties

Nickel and Cobalt Mining and Refining Hydrometallurgical Processes Energy Production Critical Minerals for Energy Transition mining refining innovation sustainability

Funding History

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#	Type	Amount Fields	Date Fields	Investors
1	RT: Non-brokered Private Placement T: - FT: Non-brokered Private Placement	A: 43500000 MR: - FA: approximately $43.5 million FAN: 43500000	D: 2026-04-07 FD: 2026-04-07	2 investors
2	RT: Non-brokered Private Placement T: - FT: Non-brokered Private Placement	A: 50000000 MR: - FA: up to $50 million FAN: 50000000	D: 2026-03-30 FD: 2026-03-30	2 investors
3	RT: Grant (Low Carbon Economy Fund - Challenge Stream) T: - FT: Grant (Low Carbon Economy Fund - Challenge Stream)	A: 1600000 MR: - FA: approximately $1.6 million FAN: 1600000	D: 2025-07-02 FD: 2025-07-02	1 investors
4	RT: Equity Investment through Debt-to-Equity Exchange T: - FT: Equity Investment through Debt-to-Equity Exchange	A: 11591000 MR: - FA: $11,591,000 FAN: 11591000	D: 2025-04-22 FD: 2025-04-22	1 investors
5	RT: Grant T: - FT: Grant	A: 344000000 MR: - FA: Over $344 million FAN: 344000000	D: 2023-03-07 FD: 2023-03-07	1 investors

Non-brokered Private Placement Latest

2026-04-07

$43.5M

2 investors (Pro only)

Non-brokered Private Placement 2026-03-30

$50.0M

Grant (Low Carbon Economy Fund - Challenge Stream) 2025-07-02

$1.6M

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Team & Leadership

P

Peter Hancock

Interim President and Chief Executive Officer

C

Chad Ross

Chief Human Resources Officer and Corporate Secretary

E

Elvin Saruk

Chief Operating Officer and Head of Cuban Operations

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