Canada's Sherritt Negotiates Sale with US Firm Amid Cuba Sanctions
Canadian mining company Sherritt is in negotiations to sell a majority stake to a U.S. firm following the suspension of its operations in Cuba due to U.S. sanctions. The potential buyer, Gillon Capital, is owned by the family of Ray Washburne, a former advisor to President Trump. Sherritt's Moa mine in Cuba, which produces significant amounts of cobalt and nickel, has been part of a joint venture with Cuba's state-owned General Nickel Company since the 1990s. The U.S. recently indicted Cuba's former leader Raul Castro, intensifying speculation about potential regime change efforts. Sherritt had initially planned to dissolve its Cuban assets but reversed this decision, opting instead to negotiate the sale of 55% of its shares to Gillon Capital. 
