Sherritt Provides a Corporate Update
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SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Sherritt Provides a Corporate Update
TORONTO, May 4, 202 6 – Sherritt International Corporation (“Sherritt” or the “ Corporation”) (TSX:S)
announced that on May 1, 2026, the U.S. administration issued an Executive Order expanding its sanctions
against Cuba. Sherritt is consulting with its advisors and stakeholders to assess the potential implications
of the Executive Order and is considering appropriate next steps as they relate to the Corporation’s Cuban
interests.
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. Leveraging its technical expertise and decades of experience in
critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing
reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada,
recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.
Sherritt’s Moa Joint Venture produces cost competitive critical minerals while maintaining high sustainability
standards and has an estimated mine life of approximately 25 years.
The Corporation’s Power division, through its ownership in Energas, is the largest independent energy
producer in Cuba, processing domestically sourced raw natural gas to generate electricity for sale to the
Cuban national electrical grid. 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
Forward-Looking Statements
Certain statements and other information included in this press release may constitute “forward -looking information”
or “forward -looking statements” (collectively, “forward-looking statements”) under applicable securities laws (such
statements are often accompanied by words such as “anticipate”, “forecast”, “expect”, “believe”, “may”, “will”, “should”,
“estimate”, “intend” or other similar words). All statements in this press release, other than those relating to historical
information, are forward-looking statements, including, but not limited to, statements regarding strategies. The
Corporation cautions readers of this press release not to place undue reliance on any forward-looking statement as a
number of factors could cause actual future results, condi tions, actions or events to differ materially from the targets,
expectations, estimates or intentions expressed in the forward-looking statements. The key risks and uncertainties
should be considered in conjunction with the risk factors described in the Corporation’s other documents filed with the
Canadian securities authorities, including without limitation the “Managing Risk” section of the Management’s
Discussion and Analysis for the three months and year ended December 31, 2025 and the Annual Information Form of
the Corporation dated March 23, 2026 for the period ending December 31, 2025, which is available on SEDAR+ at
www.sedarplus.ca. The forward-looking information and statements contained in this press release are made as of the
date hereof and the Corporation undertakes no obligation to update publicly or revise any oral or written forward -
looking information or statements, whether as a result of new information, future events or otherwise, except as required
by applicable securities laws. The forward-looking information and statements contained herein are expressly qualified
in their entirety by this cautionary statement.