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⚠ COMPLIANCENot investment advice. U.S. sanctions restrict Cuba investment to the licensed independent private sector. Every transaction is KYC'd, OFAC-SDN & Cuba Restricted List screened, confirmed as an independent private entity (≤100 employees), and subject to OFAC counsel. No money flows to state, JV, GAESA, Restricted-List or confiscated-property counterparties.
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Mining · Holguín

Moa Nickel + Cobalt Belt

Nickel/cobalt mining & processing

🟡 Joint ventureℹ️ Atlas — info only🚫 OFAC SDNConfiscated · no active suit
Scale
Holguín holds ~34% of world Ni reserves; Moa ~32,000 t Ni/yr
Status
Sherritt suspended 2026; recapitalization/restructuring opportunity
Sector
Mining
Province
Holguín
Coordinates
20.650, -74.920
Layer
Layer 2 · Atlas
Notes
Strategic critical minerals (Ni, Co).
Controlling entity
Moa Nickel S.A. (Pedro Sotto Alba)🚫 SDN

Cuban Govt 50% + Sherritt (Canada) 50% nickel/cobalt JV. Designated on the OFAC SDN list under EO 14404 (May 2026) — an active sanctions escalation.

Helms-Burton · confiscated property
Confiscated · no active suit
Original owner (1960)
Moa Bay Mining Co. (Freeport Sulphur)
1972 certified value
$88.3M
Current claim-holder
Freeport lineage
Certified (FCSC)
Yes — certified claim
Title III status

none active

Sources: USGS · Splash247