Toronto-based Sherritt is pulling back from its Cuban mining joint venture due to expanding U.S. sanctions targeting the island's military-run conglomerates. The move reflects increased pressure on Cuba's foreign investment.

<img alt="A view of the front of the U.S. Embassy in Havana, Cuba, with a Cuban flag seen in the foreground of the image." height="349" src="https://i.cbc.ca/ais/d0e2ccde-c36f-4696-b2f4-c6924d8d0a47,1778186363950/full/max/0/default.jpg?im=Crop%2Crect%3D%280%2C144%2C3500%2C1968%29%3BResize%3D%28620%29" title="Frontal view of the US Embassy in Havana, on January 14, 2025. President Joe Biden is removing the US designation of Cuba as a state sponsor of terrorism, the White House said, in a deal tha...