A consortium including Glencore (LSE: GLEN) has offered to recapitalize Sherritt International (TSX: S) and take control of the Canadian miner, giving Sherritt a second rescue option months into a crisis triggered by US sanctions on Cuba. US President Donald Trump then signed an executive order May 1 expanding sanctions to cover foreign actors in Cuba’s metals, mining and energy sectors. Sherritt suspended its Cuban operations and repatriated staff May 7, and the Fort Saskatchewan refinery went idle once it burned through its remaining feedstock. It signed a non-binding rescue deal with Gillon Capital, a family office tied to former Trump adviser Ray Washburne, on May 20. Sherritt shares jumped 24% in Toronto trading Monday, valuing the company around $105 million.