About Sherritt International

Sherritt International Corporation engages in the mining, refining, and sale of nickel and cobalt from lateritic ores primarily in Canada and Cuba. The company is a major independent energy producer in Cuba, with oil and power operations across the island. It licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The company indirectly holds a 50% interest in the Moa Joint Venture. The operations of the Moa Joint Venture are conducted among three companies. Moa Nickel S.A. owns and operates the mining and processing facilities located in Moa, Cuba; The Cobalt Refinery Company Inc. owns and operates the metals refinery located at Fort Saskatchewan, Canada; and International Cobalt Company Inc., incorporated in Bahamas, acquires mixed sulphides from Moa Nickel S.A. and third parties, contracts the refining of such purchased materials and then markets finished nickel and cobalt. The company’s primary power generating assets are located in Cuba at Varadero, Boca de Jaruco and Puerto Escondido. Segments The company operates through Moa JV and Fort Site, Metals Other, Oil and Gas, Power, and Technologies and Corporate segments. The Moa JV and Fort Site segment includes the mining, processing and refining activities of nickel and cobalt for the company’s 50% interest in the Moa Joint Venture in Cuba and Canada and the production and sale of agricultural fertilizers for its 100% interest in the utility and fertilizer operations in Fort Saskatchewan. The Metals Other segment includes the company’s two wholly-owned subsidiaries established to buy, market and sell certain of Moa Joint Venture’s nickel and cobalt production. The Oil and Gas segment includes the oil and gas operations in Cuba, Spain and Pakistan (sold during the year ended December 31, 2019), as well as the exploration and development of oil and gas in Cuba. The Power segment represents the power operations in Cuba, which construct and operate power generation facilities that provide electricity in Cuba. The Technologies and Corporate segment represents the company’s metallurgical technology business and general corporate activities. History Sherritt International Corporation was founded in 1927.