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Sherritt Confirms Mineral Reserves and Outlines Increased Mineral Resources at Moa JV


Sherritt International Corporation (Sherritt) (TSX:S), a world leader in the mining and refining of nickel and cobalt from lateritic ores, today filed on SEDAR an updated National Instrument 43-101 Technical Report (the 2019 Technical Report) for the Moa Joint Venture (Moa JV) that confirms the Moa JVs current Mineral Reserve estimates and outlines increased Mineral Resource estimates with the potential to increase Moas mine life.

Backed by updated technical and economic data, the 2019 Technical Report confirms that Moa is a low-cost, long-life asset with the potential to significantly increase the mine life, said David Pathe, President and CEO of Sherritt International. With a minimum 15-year mine life, Moa favorably positions Sherritt to capitalize on the growing demand for electric vehicle batteries as a supplier of high quality, ethically-sourced Class 1 nickel and cobalt.

The 2019 Technical Report, which was prepared in compliance with National Instrument 43-101 “ Standards for Disclosure for Mineral Projects (NI 43-101), was prepared for Sherritt by CSA Global with an effective date of December 31, 2018. The 2019 Technical Report updates technical and economic data referenced in Sherritts 2018 Annual Information Form (AIF) dated February 13, 2019.

Highlights of Mineral Reserve and Resource Estimates A comparison of the mineral reserve estimates in the 2018 AIF and 2019 Technical Report is summarized in the following table:

Reserve Type

Million of Tonnes

% of Nickel

˜000 tonnes Nickel

% of Cobalt

˜000 tonnes Cobalt

AIF 2018 Proven






AIF 2018 Probable






AIF 2018 Total






2019 Technical Report Proven






2019 Technical Report Probable






2019 Technical Report Total






The 2019 Technical Report introduced several changes to the methodology used previously to determine the Moa JVs Mineral Reserves estimates but arrived at no material changes to either the total Mineral Reserve estimates tonnage or grade.

A comparison of the Mineral Resource estimates in the 2018 AIF and 2019 Technical Report is summarized in the following table:

Resource classification (includes Reserves)

Million of Tonnes

% of Nickel

˜000 tonnes Nickel

% of Cobalt

˜000 tonnes Cobalt

AIF 2018 Measured + Indicated






AIF 2018 Inferred












2019 Technical Report Measured + Indicated






2019 Technical Inferred






The 77% increase in Measured and Indicated Resources estimates determined by the 2019 Technical Report was primarily driven by the use of an economic cut-off grade that was marginally lower than the fixed cut-off grade used previously.

With the increase in Measured and Indicated Resource estimates, Moas mine life has the potential for significant extension if the estimates are upgraded to Proven and Probable Mineral Reserves categories. The Moa JV currently has an estimated mine life of 15 years through 2033 based on Mineral Reserves estimates.

The Moa JV explores, develops, mines and processes nickel laterite deposits in Cuba for refining into finished nickel and cobalt from a refinery in Fort Saskatchewan, Alberta and marketed to customers internationally. In 2019, Sherritt and the General Nickel Company S.A. will celebrate the 25-year anniversary of the formation of the Moa JV.

The 2019 Report, which is available from Sherritts profile page on, was prepared for Sherritt by CSA Global with Michael Elias, FAusIMM, Paul OCallaghan, FAusiMM, Adrian Martinez Vargas, P.Geo serving as co-authors and qualified persons. Kelvin Buban, P.Eng., of Sherritt International Corporation, also served as a co-author and Qualified Person on the 2019 Report.

The technical information contained in this news release has been reviewed and approved by Kelvin Buban, P.Eng, who is a Qualified Person with respect to the Moa JV as defined under NI 43-101. Information related to the NI 43-101 technical report contained in this news release has been reviewed and approved by the report co-author, Dr. Adrian Martinez Vargas, P. Geo., a Senior Geologist with CSA Global and independent Qualified Person as defined by NI 43-101, with the ability and authority to verify the authenticity and validity of the information.

About Sherritt Sherritt is a world leader in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporations common shares are listed on the Toronto Stock Exchange under the symbol S.

Forward-Looking Statements This press release contains certain forward-looking statements. Forward-looking statements can generally be identified by the use of statements that include such words as believe, expect, anticipate, intend, plan, forecast, likely, may, will, could, should, suspect, outlook, potential, projected, continue or other similar words or phrases. Specifically, forward-looking statements in this document include, but are not limited to, statements regarding potential for reserves expansion, mine life, reserves, resources, operating costs and capital costs. Forward looking statements are not based on historical facts, but rather on current expectations, assumptions and projections about future events, including commodity and product prices and demand; the level of liquidity and access to funding; share price volatility; production results; realized prices for production; earnings and revenues; environmental rehabilitation provisions; availability of regulatory approvals; compliance with applicable environmental laws and regulations; debt repayments; collection of accounts receivable; and certain corporate objectives, goals and plans. By their nature, forward looking statements require the Corporation to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions, forecasts, conclusions or projections will not prove to be accurate, that those assumptions may not be correct and that actual results may differ materially from such predictions, forecasts, conclusions or projections. The Corporation cautions readers of this press release not to place undue reliance on any forward looking statement as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward looking statements. These risks, uncertainties and other factors include, but are not limited to, changes in the global price for nickel, cobalt, oil and gas, fertilizers or certain other commodities; security market fluctuations and price volatility; level of liquidity; access to capital; access to financing; the risk to Sherritts entitlements to future distributions from the Moa joint venture; risk of future non-compliance with debt restrictions and covenants and mandatory repayments; uncertainty of exploration results and Sherritts ability to replace depleted mineral and oil and gas reserves; risks associated with the Corporations joint venture partners; variability in production at Sherritts operations in Cuba; risks related to Sherritts operations in Cuba; risks related to the U.S. government policy toward Cuba, including the U.S. embargo on Cuba and the Helms-Burton legislation; potential interruptions in transportation; uncertainty of gas supply for electrical generation; the Corporations reliance on key personnel and skilled workers; the possibility of equipment and other failures; risks associated with mining, processing and refining activities; uncertainty of resources and reserve estimates; the potential for shortages of equipment and supplies; risks related to environmental liabilities including liability for reclamation costs, tailings facility failures and toxic gas releases; risks related to the Corporations corporate structure; political, economic and other risks of foreign operations; risks associated with Sherritts operation of large projects generally; risks related to the accuracy of capital and operating cost estimates; foreign exchange and pricing risks; compliance with applicable environment, health and safety legislation and other associated matters; risks associated with governmental regulations regarding climate change and greenhouse gas emissions; risks relating to community relations and maintaining the Corporations social license to grow and operate; credit risks; competition in product markets; future market access; interest rate changes; risks in obtaining insurance; uncertainties in labour relations; uncertainty in the ability of the Corporation to enforce legal rights in foreign jurisdictions; uncertainty regarding the interpretation and/or application of the applicable laws in foreign jurisdictions; legal contingencies; identification and management of growth opportunities; uncertainty in the ability of the Corporation to obtain government permits; risks to information technologies systems and cybersecurity; failure to comply with, or changes to, applicable government regulations; bribery and corruption risks, including failure to comply with the Corruption of Foreign Public Officials Act or applicable local anti-corruption law; the ability to accomplish corporate objectives, goals and plans for 2019; and the Corporations ability to meet other factors listed from time to time in the Corporations continuous disclosure documents. Readers are cautioned that the foregoing list of factors is not exhaustive and should be considered in conjunction with the risk factors described in this press release and in the Corporations other documents filed with the Canadian securities authorities, including without limitation the Annual Information Form of the Corporation dated February 13, 2019 for the period ending December 31, 2018, which is available on SEDAR at The Corporation may, from time to time, make oral forward-looking statements. The Corporation advises that the above paragraph and the risk factors described in this press release and in the Corporations other documents filed with the Canadian securities authorities should be read for a description of certain factors that could cause the actual results of the Corporation to differ materially from those in the oral forward-looking statements. The forward-looking information and statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any oral or written forward-looking information or statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.

Joe Racanelli, Director of Investor Relations

Telephone: 416-935-2457

Email: [email protected]


Northwell Receives $1.4M NIH Grant to Establish Gun Violence Prevention Screening


Northwell Health has been awarded $1.4 million from the National Institutes of Health to study gun violence prevention and establish and implement a first-of-its-kind protocol to universally screen among those at risk of firearm injury. The grant is part of the health systems We Ask Everyone. Firearm Safety is a Health Issue research study, which aims to shift the paradigm to view gun violence as a public health issue and approach firearm injury risk similarly to other health risk factors that are part of routine care, like smoking, substance use and motor vehicle accidents.

We Ask Everyone. Firearm Safety is a Health Issue will establish evidence-based screening and intervention strategies within three of its hospitals. Led by Drs. Chethan Sathya, director of Northwells Center for Gun Violence Prevention, and Sandeep Kapoor, the study will pilot at South Shore University Hospital in Bay Shore, NY, Cohen Childrens Medical Center, a pediatric trauma center on the Queens-Nassau County border that is the accepting facility for adolescent trauma for more than five counties, and Staten Island University Hospital each of which are in regions with critical need for firearm injury and mortality prevention, and areas with at-risk youth.

Northwell plans to expand We Ask Everyone. Firearm Safety is a Health Issue across the health system.

Gun violence is a public health issue and this NIH-funded study is a step in the right direction to finally addressing it as one, said Michael Dowling, Northwell president and CEO. Unfortunately, we have been dealing with two pandemics COVID-19 and gun violence. By screening for firearm safety in our facilities, we can better understand how and why this senseless blood shed continues to increase at historic rates.

Northwell received the NIH grant as gun violence continues to rise across the country and remains the leading cause of premature death in the US nearly 40,000 people dying each year, according to the US Centers for Disease Control and Prevention. In August, shootings doubled and murders increased 50 percent in New York City, according to the NYPD, compared to the same timeframe in 2019. Since May, there have been 791 shootings in New York City alone, which was a 140-plus percent increase over the same period in 2019.

The glaring statistics continue to spike not just here in New York, but across the United States as well, said Dr. Sathya, who is also associate medical director for trauma and a pediatric general and thoracic surgeon at Cohen Childrens. This NIH grant will fully support We Ask Everyone. Firearm Safety is a Health Issue and allow us to expand upon the limited clinical studies that have primarily focused on outpatient settings or used targeted vs. universal screening, which can exclude at-risk patients.

Adherence is key, and We Ask Everyone. Firearm Safety is a Health Issue combined with Northwell treating gun violence as the public health issue will push boundaries, eliminate knowledge gaps and prevent accidental deaths and even suicides.

Under We Ask Everyone. Firearm Safety is a Health Issue, clinicians in the ED will ask patients specific questions about having firearms in their homes and determine their risk of injury. Each response is scored and embedded into the patients electronic health record, which will help guide discussions and establish next steps for care. Motivational interviews, education and other resources will also be available.

The study follows a similar protocol as the health systems Screening, Brief Intervention and Referral to Treatment (SBIRT), a screening program that was implemented in its emergency departments several years ago to identify substance use and connect patients to treatment. Through SBIRT, Northwell completed 1.5 million patient screens across 18 EDs and many inpatient and outpatient settings, resulting in 23,000 brief interventions and 8,000 referrals. SBIRT was initially federally funded and has since been sustained across the health system.

We are creating opportunities for patients to speak with their trusted clinical teams about firearm safety and recognize firearm safety as a health care issue, said Dr. Kapoor, AVP for addiction services for Northwells Emergency Medicine Services and director of SBIRT. As we have seen with SBIRT, we can make a difference for our communities by asking the right questions and providing the right education and connections to resources.

The objective here is mirror that success and reverse the trend of rising suicides and preventable firearm injuries and deaths. Its a major sea change for health care and can prove to be a significant tool in fighting the gun violence epidemic.

Northwell and gun violence

The NIH grant builds on the momentum from Northwells 2019 Gun Violence Prevention Forum, where Mr. Dowlings call-to-action encouraged health care and political leaders to work for sensible gun legislation, more investment in mental health, more education and greater preparation for staff and communities. He also pledged $1 million to the effort, which helped establish the Center for Gun Violence Prevention.

Mr. Dowling also appointed Dr. Sathya to head the center, which is tasked with shaping the role that health systems play in advancing safety, education, prevention and research, and he formed an advisory committee comprised of prominent voices on gun violence prevention.

Northwell is scheduled to host the second Gun Violence Prevention Forum virtually on December 10.

About Northwell Health

Northwell Health is New York States largest health care provider and private employer, with 23 hospitals, nearly 800 outpatient facilities and more than 14,200 credentialed physicians. We care for over two million people annually in the New York metro area and beyond, thanks to philanthropic support from our communities. Our 74,000 employees 18,500-plus nurses and 4,500 employed doctors, including members of Northwell Health Physician Partners are working to change health care for the better. Were making breakthroughs in medicine at the Feinstein Institutes for Medical Research. We’re training the next generation of medical professionals at the visionary Donald and Barbara Zucker School of Medicine at Hofstra/Northwell and the Hofstra Northwell School of Nursing and Physician Assistant Studies. For information on our more than 100 medical specialties, visit and follow us @NorthwellHealth on Facebook, Twitter, Instagram and LinkedIn.

Barbara Osborn


[email protected]

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Supplyframe VP Wins Supply & Demand Chain Executive Women in Supply Chain Award


Supplyframe today announced that its own Sarah Rich, vice president of operations and customer success, has received The Women in Supply Chain award, which honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a companys supply chain network. The award was presented by Supply & Demand Chain Executive, which launched this award program to celebrate the magazines 20-year anniversary.

This is just the latest first for Rich, who joined Supplyframe in 2003 as its first employee and has been at the forefront of digital transformation in the electronics value chain for decades through her work in customer advocacy and change management. Supplyframe brought on Rich to launch the company and enable the initial go-to-market strategy through work on customer engagement, sales training and solution demonstrations.

As Supplyframe expanded globally, Rich developed teams to support customer adoption of Supplyframe software-as-a-service solutions addressing procurement, strategic sourcing and supply management. She was also instrumental in building teams for Supplyframe media solutions, which enable electronics distributors and component suppliers to understand and influence engineering design cycles and purchasing decisions for new product design cycles.

Businesses today source parts and manage supplier risk across a volatile global electronics value chain “ and recent events around the pandemic have only complicated this situation, said Rich. Companies today need to view their supply chain solutions as not just specialized teams with distinct platforms and tools, but as expert networks both inside and outside their organizations. This shift in thinking will allow high-potential leaders and creative problem-solvers to challenge the assumptions of current processes and departmental key performance indicators and review new opportunities more holistically across the supply chain.

Rich was selected for The Women in Supply Chain award from a field of more than 200 professionals in the industry. The winners will appear in September issue of SDCE. Marina Mayer, editor-in-chief of Supply & Demand Chain Executive and Food Logistics, said: According to Gartners 2020 Women in Supply Chain Survey, 17% of chief supply chain officers are now women “ a 6% increase compared to 2019. This award resembles females supporting other female leaders; men supporting their female counterparts. It resembles the future. It represents growth, evolution and community. And, that future shows that its a great time to be a part of the supply chain industry. So, congratulations to these top female leaders. I look forward to seeing what else you do to grow the supply chain industry.

Supplyframe Chief Marketing Officer Richard Barnett added: We are excited that Sarah has been recognized for her meaningful contributions to the electronics supply chain industry. Sarah continues her work to make the supply chain process more connected, intelligent and dynamic. She is always inspiring customers to embrace the challenger philosophy, which presents them with the greatest growth and opportunity. She helps customers turn strategic visions into reality by encouraging them to adopt best practices and impactful new solutions to improve decision-making and drive near- and long-term product and business success.”

About Supply & Demand Chain Executive

Supply & Demand Chain Executive is the executive’s user manual for successful supply and demand chain transformation, utilizing hard-hitting analysis, viewpoints and unbiased case studies to steer executives and supply management professionals through the complicated, yet critical, world of supply and demand chain enablement to gain competitive advantage. Go to

About Supplyframe

Supplyframe aligns electronics demand with supply and brings new levels of resiliency to the global electronics value chain, with transformative, intelligence-based solutions to deliver insights at key decision points throughout the entire design-to-source product lifecycle. Leveraging billions of continuous signals of design intent, demand, supply, and risk factors, Supplyframes Design-to-Source Intelligence (DSI) Platform is the worlds richest intelligence resource for the electronics industry. Over 10 million engineering and supply chain professionals worldwide engage with our SaaS solutions, search engines and media properties to power rapid innovation and optimize in excess of $120 billion in annual direct materials spend. Supplyframe is headquartered in Pasadena, Calif., with offices in Austin, Belgrade, Grenoble, Oxford, San Francisco, Shanghai and Shenzhen. To join the Supplyframe community, visit and follow us on Twitter, Instagram, and YouTube.

Gabrielle Jasinski

[email protected]


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Foam Tray Market 2020 – 2024: Post-Pandemic Industry Planning Structure | Technavio


The foam tray market is expected to grow by USD 588 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the foam tray market in optimistic, probable, and pessimistic forecast scenarios.

The foam tray market will witness Positive and Superior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavios pandemic-focused market research, market growth is likely to Increase as compared to 2019.

Enterprises will go through Respond, Recover and Renew phases. Download free report sample

As the COVID-19 pandemic continues to spread, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Major Three Foam Tray Market Participants:

Genpak LLC

Genpak LLC operates its business under various segments such as sustainable; microwave safe; plates, platters, and bowls; cups and cutlery; others. The company offers standard supermarket food trays, west coast only supermarket food trays, processor supermarket trays, and smart set foam.

Novipax LLC

Novipax LLC operates its business under a unified business segment. The companys key offerings include supermarket tray, processor tray, and sustainable tray

Reynolds Group Holdings Ltd.

Reynolds Group Holdings Ltd. has business operations under various segments, namely Reynolds consumer products, Pactiv foodservice, Graham packaging, Evergreen, and corporate. The company offers foam trays under its Pactiv segment. This segment manufactures different foodservice and food packaging products such as foamed and rigid trays, absorbent tray pads, and others.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: foam tray market-industry-analysis

Foam Tray Market 2020-2024: Segmentation

Foam Tray is segmented as below:

  • Material
    • Polystyrene
    • Polyethylene
    • Polypropylene
    • Polyester
  • Application
    • Food packaging
    • Industrial packaging
    • Pharmaceutical packaging
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America

The foam tray market is driven by increasing food safety issues. In addition, other factors such as demand for fast food and processed food are expected to trigger foam tray market toward witnessing a CAGR of about 4% during the forecast period.

Get more insights about the global trends impacting the future of foam tray market, Request Free Sample @

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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