Supply authorization does not permit production at Moa Nickel

Sherritt obtained U.S. authorization to send fuel to the Moa Nickel facilities in Holguín. The permit also covers fuel oil and sulfur and allows those products to be purchased and delivered. It concerns supplying the complex, not restarting nickel and cobalt production.

The license covers sale, transport, export and payment, along with services needed for shipment. Together, those provisions allow fuel, fuel oil and sulfur to reach Moa Nickel. Its purpose remains limited to supply rather than production.

Sherritt still needs another U.S. permit to resume nickel and cobalt output. The granted supply authorization and the pending production approval are separate procedures. One enables inputs to be delivered; the other is still required before the plant can produce again.

Covering transport, export, payment and necessary services makes the authorization broader than delivery alone. No quantities, shipment dates or timetable for the additional permit are provided.

Moa Nickel is in Holguín, and the license applies to shipments to that destination. It permits purchase and delivery of the named supplies but does not replace the authorization required to resume nickel and cobalt production.