Why has Sherritt International warned of a going-concern risk?

Sherritt International warned of a going-concern risk because its ability to meet or refinance its C$79.5 million credit facility remains uncertain due to Donald Trump’s expanded US sanctions on Cuba, which allow lenders to declare a default and demand early repayment — and the company stated it would not have enough cash to repay if that right were exercised.

What operational impacts has Sherritt experienced in Cuba and Canada as a result of the sanctions and energy crisis?

Sherritt halted production at its nickel and cobalt mine in eastern Cuba in February due to a dire energy crisis on the island, and later idled its Alberta refinery — one of only three nickel refineries in North America and the only cobalt refiner — because its supply of raw material from Cuba had dried up.

Sherritt Warns of Going-Concern Risk After Trump Cuba Sanctions

Jun 25, 2026

Sherritt International warned investors of potential going-concern risks after expanded US sanctions on Cuba disrupted its nickel and cobalt supply chain. Consequently, the company halted Cuban mining operations and idled its North American refinery while seeking alternative financing.

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