Sherritt Corrects Misleading Information Regarding its Junior Notes

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Sherritt Corrects Misleading Information

Regarding its Junior Notes

TORONTO, February 13, 2025 – Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S)

today issued the following statement in response to misleading information that has come to its attention in

connection with its 10.75% unsecured PIK option notes due 2029 (“the Notes”). The Corporation reconfirms

that it is not currently, nor has it ever been in breach of the Notes indenture and notes that all payment

obligations thereunder have been settled in accordance with the terms of the Notes indenture.

The Corporation cautions holders of the Notes on the misleading information and reminds all stakeholders

to rely on information provided through Sherritt’s official communications channels, including its public

filings and corporate website.

About Sherritt

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals

deemed critical for the energy transition. Sherritt’s Moa JV has an estimated mine life of approximately 25

years and is advancing an expansion program focused on increasing annual MSP production by 20% of

contained nickel and cobalt. The Corporation’s Power division, through its ownership in Energas S.A.

(“Energas”), is the largest independent energy producer in Cuba with installed electrical generating capacity

of 506 MW, representing approximately 10% of the national electrical generating capacity in Cuba. The

Energas facilities are comprised of two combined cycle plants that produce low-cost electricity from one of

the lowest carbon emitting sources of power in Cuba. Sherritt’s common shares are listed on the Toronto

Stock Exchange under the symbol “S”.

For further information, please contact:

Tom Halton

Director, Investor Relations and Corporate Affairs

Email: [email protected]

Telephone: (416) 935-2451

www.sherritt.com