Sherritt’s Shutdown and Ownership Shift

Calgary News Today | 2 Min News | The Daily News Now! · Jun 26, 2026 · 1m

Sherritt International’s Fort Saskatchewan refinery is shutting down due to a critical shortage of feedstock from its Cuban mine — a chain reaction triggered by U.S. sanctions cutting Venezuela’s oil to Cuba, crippling operations in Moa. With no immediate fix in sight, the company now faces looming debt risks and is negotiating with lenders, while also preparing for a potential takeover by Gillon Capital, a firm tied to a former Trump advisor, which could see them gain a majority stake. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on…