Sherritt Provides Update on Court Application
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Sherritt Provides Update on Court Application
TORONTO, May 14, 202 6 – Sherritt International Corporation (“Sherritt” or the “ Corporation”) (TSX:S)
announces that pursuant to its previously announced application in the Ontario Superior Court of Justice,
Commercial List (the “Court”), the Court has granted (i) an order under the Canada Business Corporations
Act (the “CBCA”) permitting the Corporation’s board of directors to continue to act with two directors until
no later than September 30, 2026, (ii) an order under the CBCA permitting the Corporation to continue to
operate without an external auditor until no later than September 30, 2026, and (iii) an order extending the
time for Sherritt to call its annual meeting of shareholders to not later than September 30, 2026. Sherritt is
returning to the Court to provide an update on June 16, 2026.
The Corporation will continue to provide information on material developments to its shareholders and other
stakeholders.
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 common shares are listed on the Toronto Stock Exchange under the symbol “S”.
For further information, please contact:
Investor Relations
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. Forward-looking
statements in this press release include, without limitation, statements regarding the timing of the
Corporation’s annual meeting of shareholders.
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, conditions, 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, i ncluding
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 sta tements, 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.