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Sherritt Shares Down Sharply After Participation in Cuban JV Activities Suspended

Provided by Dow Jones May 7, 2026, 2:59:00 PM

By Robb M. Stewart

Sherritt International's shares slumped Thursday after the Canadian company suspended its direct participation in joint-venture activities in Cuba.

In morning trading, the shares were 28% lower at C$0.18. The stock is now down 16% so far this year.

Sherritt said directors Brian Imrie, Richard Moat and Brett Richards have resigned from its board.

The U.S. administration on May 1 expanded sanctions against Cuba. Sherritt hasn't been formally designated under the U.S. executive order, but the company said such a designation could occur at any time.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

May 07, 2026 10:59 ET (14:59 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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