Not legal, tax, or investment advice — and not authorization for any transaction. U.S. sanctions (the Cuban Assets Control Regulations, 31 CFR Part 515) heavily restrict — and in most cases prohibit — dealings between U.S. persons and Cuba, including any form of investment or equity in a Cuban business. The rules are complex, fact-specific, and change; nothing on this site is a determination that any transaction is lawful. Structure anything Cuba-facing only with qualified OFAC sanctions counsel, and screen every party (names, entities, wallets) with QvaPay Sentinel.
Primary sources: OFAC Cuba Sanctions · 31 CFR Part 515 (CACR) · OFAC Cuba FAQs · Cuba Restricted List
Moa Nickel S.A. (Pedro Sotto Alba)
aka Moa Nickel
Cuban Govt 50% + Sherritt (Canada) 50% nickel/cobalt JV. On the OFAC SDN List and/or the State Department's Cuba Restricted List.
Assets controlled (2)
Moa Nickel + Cobalt Belt
Sherritt retains its 50% interest after reversing a planned dissolution on May 19, 2026, but its direct participation stays suspended — leaving Cuba's flagship nickel-cobalt complex without its Western operator. Recapitalization and restructuring opportunity with ownership unresolved.
Port of Moa
Sherritt suspended direct JV participation after May 2026 US sanctions, then on May 19, 2026 dropped its accelerated-dissolution/disclaimer plan and Alberta court application, retaining its 50% stake. Per its Q2 2026 report, mine mining/processing ceased near