Sherritt International Corporation

Sherritt International Corporation is a Canadian natural resource company headquartered in Toronto, Ontario. The company's core business revolves around the mining and refining of nickel and cobalt from lateritic ores, utilizing proprietary hydrometallurgical processes. Sherritt positions itself as a world leader in the production of these critical metals, essential for the global energy transition, and is committed to expanding domestic refining capacity while reducing reliance on foreign sources.

Sherritt's key products include high-purity nickel and cobalt, supplied in powder and briquette forms for applications in stainless steel, specialty steel, chemical, welding, and the rapidly expanding electric vehicle battery markets. Beyond metals, the company operates a wholly-owned fertilizer business in Western Canada, producing nitrogen-based fertilizers such as anhydrous ammonia and ammonium sulfate, along with by-products like sulphuric acid, zinc sulphides, and copper sulphides. Additionally, Sherritt holds a one-third interest in Energas S.A., making it Cuba's largest independent electricity producer, and engages in oil and gas exploration in Cuba.

In terms of leadership, Dr. Peter Hancock was appointed interim Chief Executive Officer in December 2025, following the departure of Leon Binedell. Recent notable developments include the temporary shutdown of Sherritt's Fort Saskatchewan, Alberta refinery in June 2026, due to a depletion of feed inventory from its Moa mine in Cuba. This pause in operations at the Moa joint venture was a result of fuel shortages in Cuba and expanded U.S. sanctions. The company is currently engaged in discussions with lenders and has entered into a non-binding agreement with Gillon Capital LLC for a potential majority stake acquisition.