Sherritt Provides Update on Governance Matters and Timing of Q1 Results
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Sherritt Provides Update on Governance Matters
and Timing of Q1 Results
TORONTO, May 11, 202 6 – Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S)
provides the following updates further to its May 7, 2026 news release regarding the Executive Order issued
by the U.S. administration on May 1, 2026 expanding its sanctions against Cuba.
Sherritt plans to issue a notice of application today in the Ontario Superior Court of Justice, Commercial
List, under which Sherritt plans to seek (i) a compliance order under the Canada Business Corporations
Act (the “CBCA”) permitting the Corporation’s board of directors to continue to act notwithstanding
vacancies and with the remaining directors constituting quorum, and (ii) pursuant to Section 133(3) of the
CBCA, an order extending the time for Sherritt to call its annual meeting of shareholders to not later than
September 30, 2026. The application is scheduled to be heard before the Court on May 14, 2026.
Sherritt also announces revised details for the announcement of its first quarter 2026 results, originally
scheduled for May 12, 2026. To accommodate the anticipated timing to seek the aforementioned court
orders, Sherritt plans to delay the release of its first quarter 2026 results until after market close on May 15,
2026. Sherritt will not be holding a conference call and webcast in connection with the release of these
results as previously announced.
Sherritt will continue to consult with its advisors and stakeholders as it assesses the implications of the
Executive Order.
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 implications of the Executive Order; the notice of application and related court
orders; and the Corporation’s first quarter 2026 results.
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 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.