Sherritt Gets Key Fuel License From U.S. Government for Moa Mine in Cuba
The license covers fuel, fuel oil and sulfur as Sherritt pursues a broader OFAC approval for a potential controlling investment.
- On Tuesday, Sherritt International Corporation announced it received a specific fuel license from the U.S. Office of Foreign Assets Control , authorizing purchase and delivery of fuel to its Moa Nickel operations in Cuba.
- Sanctions under the U.S. administration's Executive Order 14404 prompted Sherritt to suspend direct participation in Cuba on May 7, 2026, and cease metals refining operations at its Fort Saskatchewan, Alberta facility on June 22, 2026.
- Under a September 23, 2026, agreement, Moa Bay Mining Co. consented to interim fuel shipments in exchange for consent fees, ensuring Sherritt will not face Helms-Burton Act claims related to authorized deliveries.
- A second OFAC emergency license is required for full restart of mining and processing operations at Moa Nickel, which Sherritt is pursuing in close coordination with Gillon Capital in the fourth quarter.
- Facing material uncertainty regarding its ability to continue as a going concern, Sherritt is actively pursuing a recapitalization transaction and additional financing to satisfy obligations to stakeholders and lenders.
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Sherritt International received a special license from the United States government to supply fuel to its operations in Cuba, marking a potential first step towards the resumption of its nickel and cobalt mining activities on the Caribbean island. Exclusive material for subscribers. To have full access, access the link of the material and register.
Financial Post
Business WireSherritt Provides Updates on Operations and Financial Position
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO — Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) today announced that it has received a specific license (the “Fuel License”) from the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) authorizing the purchase and […]
Winnipeg Free Press
Sherritt gets key fuel license from U.S. government for Moa mine in Cuba
TORONTO - Sherritt International Corp. says it has received a license from the U.S. government authorizing the purchase and delivery of fuel to its Moa mine and processing operations in Cuba.
The U.S. Treasury issued a license to Sherritt International, a Canadian mining company, to purchase and supply fuel, oil and sulphur for its... ~ 20.10.2026, PRIM
The alliance between the Canadian and a company close to Trump has allowed the signing of an agreement with the heirs of Moa Bay, confiscated in 1960
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