Trump-Vance Administration Newly-Defined Cuba Doctrine Reflecting Share Price Of Toronto, Canada-Based Sherritt International Corporation

But, 336.36% Profit For Shareholders Buying On 14 May 2026 And Selling 19 August 2026

Implementing Trump Doctrine Of Temporary Escalatory Coercive Subjugation

Preparing For The Expropriation Of A Previous Expropriation?

On 2 January 2026, the share price on the Toronto Stock Exchange (TSX) of Toronto, Canada-based Sherritt International Corporation (2025 revenue approximately US$389 million) which has cobalt, nickel, and energy (30% interest in Energas S.A.) operations in the Republic of Cuba, closed at $0.23 on 465,397 shares traded. In 2007, the share price was $13.29.

On 3 January 2026, the armed forces of the United States abducted and then extracted Nicolas Maduro, President of Bolivarian Republic of Venezuela (2013-2026), from the city of Caracas. That moment resulted in a suspension of the export from Venezuela of fuels and financial support to the Republic of Cuba.

From 5 January 2026 through 9 January 2026, the first full week after the abduction and extraction of President Maduro, there were 9,701,067 shares of Sherritt International Corporation traded on the TSX. The shares began the week at $0.20 and ended the week at $0.26.

From 17 August 2026 through 21 August 2026, there were 65,836,374 shares of Sherritt International Corporation traded on the TSX. The shares began the week at $0.36 and ended the week at $0.40. On 19 August 2026, the share price was $0.48, the highest thus far in 2026.

Since January 2026, the Trump-Vance Administration (2025-2029) has implemented policies, procedures, and regulations reflecting a newly-defined doctrine of “temporary escalatory coercive subjugation” to encourage commercial, economic, financial, military, political, and societal changes by the Diaz-Canel-Valdes Mesa Administration (2019- ) in Havana, Republic of Cuba.

The private sector poster child symbolizing the publicly-stated objectives of the Trump-Vance Administration is Sherritt International Corporation.

Since 1996, executives of Sherritt International Corporation and their immediate family members have been subject to Title IV provisions of The Cuban Liberty and Democratic Solidarity Act of 1996 (known as “Libertad Act”):

Title III authorizes lawsuits in United States District Courts against companies and individuals who are using a certified claim or non-certified claim where the owner of the certified claim or non-certified claim has not received compensation from the Republic of Cuba or from a third-party who is using (“trafficking”) the asset.
Title IV restricts entry into the United States by individuals who have connectivity to unresolved certified claims or non-certified claims. One Canada-based company and one Spain-based company are known to be subject to this provision based upon a certified claim and non-certified claim.

The Trump-Vance Administration commenced targeting Sherritt International Corporation on 1 May 2026 and then with specificity on 7 May 2026 using Executive Orders. On 14 May 2026, the share price of Sherritt International Corporation was $0.11, the lowest thus far in 2026.

The future of Sherritt International Corporation is simultaneously in doubt and in play. Two suitors want control of the company.

Will Donald Trump, President of the United States (2017-2021 and 2025-2029), have a higher degree of comfort with an ownership structure for Sherritt International Corporation whose political leadership includes three or five?

Will The White House embrace a Canada-Cuba-United States transaction or a Canada-Cuba-Switzerland-United Kingdom-United States transaction?

Mark Carney, Prime Minister of Canada (2025-), Miguel Diaz-Canel, President of the Republic of Cuba (2019- ), and President Trump.
Prime Minister Carney, Guy Parmelin, President of the Swiss Confederation (2026- ), Andy Burnham, Prime Minister (2026- ) of the United Kingdom (England, Scotland, Wales, Northern Ireland), and President Trump.

The key date is 12 October 2026 when the exclusivity expires for one suitor. By that date, or before that date, Sherritt International Corporation may need to seek protections afforded by the Companies’ Creditors Arrangement Act (CCAA), which is the government of Canada equivalent to the reorganization provisions in Chapter Eleven of the United States Bankruptcy Code.

The first suitor: Dallas, Texas-based Gillon Capital, LLC which has exclusivity until 12 October 2026. The company identified itself and its principal engages publicly in the acquisition process.

The second suitor: Consortium of London, United Kingdom-based Kyma Capital Ltd. (reportedly approximately US$440 million assets under management), London, United Kingdom-based Trifon Natsis (a partner in Jersey (Channel Islands), Crown Dependency-based Brevan Howard Asset Management LLP (2026 assets under management approximately US$31 billion)), Baar, Switzerland-based Glencore International AG (2025 revenue approximately US$247.5 billion), and an unidentified United States-based party. NOTE: On 20 August 2022, media reported the party is Dallas, Texas-based Albert Huddleston whose family office is Dallas, Texas-based Chota Capital LLC. Kyma Capital Ltd. owns 13.43% of common shares of Sherritt International Corporation.

From Wikipedia: “Marc Rich (born Marcell David Reich; December 18, 1934- June 26, 2013) was a Belgian-American commodities trader, financier, and businessman. He founded the commodities company Glencore and was later indicted in the United States on federal charges of tax evasion, wire fraud, racketeering, and selling Iranian oil to Israel during the Iran hostage crisis. He fled to Switzerland at the time of the indictment and never returned to the United States. He received a widely criticized presidential pardon from President Bill Clinton, on his last day in office [20 January 2021]. Rich had donated large sums to Israeli officials and organizations, which had pleaded extensively on his behalf. Rich's ex-wife Denise had also made donations to the Democratic Party.”

President Trump will need to be prepared to intervene and persuade representatives of the largest and the third-largest of the 5,913 claims certified by the United States Foreign Claims Settlement Commission (USFCSC) and potentially the representative of one non-certified claim to accept from either suitor their terms for acquiring Sherritt International Corporation. Absent settlements of any claims, a transaction is unlikely to be completed.

If a transaction is not completed by either suitor or a suitor yet identified, and the government of the Republic of Cuba decides to expropriate and then manage the Republic of Cuba assets of Sherritt International Corporation; enter into an agreement with People’s Republic of China-based company; or enter into an agreement with Russian Federation-based company, the United States Department of Defense (War) would likely to use assets to prevent the export of nickel and cobalt from the Republic of Cuba to any market other than the United States as a means to satisfy the value of United States-based claimants.

Links To Related Analyses

LINK: Does United States-Based Investor Have Homefield Advantage? U.S. Department Of State Deploys Competition For Control Of Canada's Sherritt International Corporation August 8, 2026

LINK: Two UK-Based Companies, One Switzerland-Based Company, And Unidentified U.S.-Based Party Make Offer For Canada's Sherritt International Corporation. Now Two Offers On The Table. August 10, 2026

LINK: Potential Triple Play? Carney, Diaz-Canel, Trump Deal. U.S. Secretary Of Defense Hegseth Wants Cobalt. Cuba Has It. Settling One Libertad Act Issue. And Opening Doors? August 23, 2025

LINK: Cuba Has Nickel And Cobalt. Vehicle Electric Batteries Use Nickel And Cobalt. Cuba Should Benefit. September 25, 2021

LINK: U.S. Control For Canada's Sherritt And Cuba's Nickel/Cobalt? Ray Washburne, First Trump Administration OPIC President & CEO And Current Chairman Of Sunoco LLC Making An Offer? May 20, 2026

LINK: Due To Trump Administration Cuba-Related Executive Orders And SDN List Additions, Canada's Sherritt International Corporation May Sell 55% To U.S. Company May 20, 2026

LINK: Canada's Sherritt Reports That "dissolution [of GNC] is required as a result of a material adverse change that is an immediate change under the MSA and that there is inadequate time for arbitration" May 15, 2026

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