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Sherritt Gains Strong Noteholder Support for Financial Restructuring

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Sherritt Gains Strong Noteholder Support for Financial Restructuring

Sherritt International ( (TSE:S) ) has provided an announcement.

Sherritt International Corporation has announced significant support from its noteholders for a transaction aimed at extending the maturities of its note obligations and strengthening its capital structure. With overwhelming approval from both senior secured and junior noteholders, the transaction under the Canada Business Corporations Act is poised to enhance Sherritt’s financial stability, potentially impacting its operations and market positioning positively.

More about Sherritt International

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt.

YTD Price Performance: -9.38%

Average Trading Volume: 341,549

Technical Sentiment Signal: Buy

Current Market Cap: C$57.61M

See more insights into S stock on TipRanks’ Stock Analysis page.

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