The U.S. Office of Foreign Assets Control issued the permit, authorizing the purchase, shipping, and banking services required for the Moa joint venture. Sherritt expects the inaugural fuel shipment to depart during the fourth quarter. While this license addresses critical energy requirements, the company confirmed that mining and processing activities remain suspended while it pursues further regulatory clearances. These additional approvals are vital to restoring the full supply chain, including refining operations in Alberta. The negotiations for the fuel license were conducted alongside Gillon Capital, which is currently evaluating a potential acquisition of a controlling stake in the Canadian firm.
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Sherritt International Secures U.S. License for Cuban Fuel Shipments
A rare regulatory breakthrough has arrived for Sherritt International, as the Canadian miner secured a specific U.S. license to import fuel into Cuba. This authorization marks the first of several emergency approvals necessary to revive the company’s stalled nickel and cobalt operations, which have been dormant since May.
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