Sherritt Releases its 2024 Sustainability Reports
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Sherritt Releases its 2024 Sustainability Reports
TORONTO, August 7, 2025 – Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX: S)
is pleased to announce the release of its 2024 Sustainability Disclosures, including its Annual Sustainability
Report, Climate Report, Tailings Management Report and Sustainability Scorecard outlining the
Corporation’s performance on environmental, social, and governance (“ESG”) matters.
“Sustainability is fundamental to our business, to our social license to operate in our host communities and
countries and to our valued customers and other stakeholders,” said Leon Binedell, Executive Chairman,
President and CEO of Sherritt. “Our 2024 reports showcase how we are elevating our performance across
health and safety, environmental stewardship and responsible production and supply. In 2024, we
embarked on a thorough review of our sustainability vision. We refreshed our near -term targets, updated
our long-term goals and ensured our sustainability strategy is aligned with the feedback from our partners,
customers, communities, and investors. This process has strengthened our resolve to deliver lasting value
to all our stakeholders and I am proud to affirm our progress as we mark another milestone year in our
sustainability journey. We encourage our stakeholders to review these reports, as your insights and
perspectives help shape and drive our shared goals.”
Highlights from Sherritt’s 2024 sustainability reports include:
• Health and Safety
Health and safety remains Sherritt’s highest priority. In 2024, far-reaching enhancements to safety
practices and policies were implemented. A series of safety strategy sessions were completed with
each operation to create a multi-year roadmap for continued safety enhancements with an initial focus
on felt leadership, supervisor training , contractor safety protocols and learning and development to
strengthen safety culture and promote safe workplace behaviours at all operations.
• Environmental Stewardship
Sherritt has a strong environmental management system that is designed to align with global
standards, comply with regulatory requirements and maintain the Corporation’s social license to
operate.
In 2024, Sherritt commenced the Moa JV’s low-capital-intensity tailings project. The project, expected
to be completed in late 2026 , will be engineered and built to international standards and deliver an
environmentally responsible tailings solution that will last for the entirety of the mine’s estimated 25
year life.
Work also continued to identify climate -related risks and opportunities and to develop effective
mitigation and management strategies aimed at reducing risk and capitalizing on emerging
opportunities. Among the key actions undertaken were completing a climate risk and opportunity
assessment for Energas S.A. as well as establishing baseline energy and greenhouse gas (“GHG”)
emissions assessments for Moa Nickel S.A. and Sherritt’s operations in Fort Saskatchewan. These
initiatives yielded several findings with the potential to lower GHG emissions intensity, reduce
operating costs and enhance compliance with customer requirements.
• Responsible Production and Supply
Sherritt continues to demonstrate its commitment to ethical and responsible production, supply and
sourcing practices aligning with internationally-recognized industry frameworks . Sherritt achieved a
self-assessed Level A in all of The Mining Association of Canada’s Towards Sustainable Mining
protocols at Sherritt’s operations in Fort Saskatchewan and confirmed independent validation of its
conformance with the London Metal Exchange’s Track B responsible sourcing requirements. Sherritt
completed a comprehensive risk assessment of its mineral supply chain against O rganization for
Economic Co-operation and Development (OECD) standards, identifying no significant risks, and
advanced its Indigenous Relations and Reconciliation Road Map, strengthening its commitment to
meaningful partnerships with Indigenous communities. As a result of work that began in 2024, Sherritt
also became a Participant of the Copper Mark as the Corporation aims to obtain The Nickel Mark
award for the refinery facilities in Fort Saskatchewan in the future.
Sherritt’s 202 4 Sustainability Report, Climate Report, Tailings Management Report and Sustainability
Scorecard are available on Sherritt’s website at www.sherritt.com.
Sherritt’s 2024 Sustainability Report and Sustainability Scorecard were prepared with reference to the
Global Reporting Initiative’s (GRI) and Sustainability Accounting Standards Board (SASB) disclosure
standards.
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 Joint Venture has a current estimated mine life of
25 years and has embarked on an expa nsion program focused on increasing annual mixed sulphide
precipitate production by 20% of contained nickel and cobalt. The Corporation’s Power division, through its
ownership in Energas S.A., is the largest independent energy producer in Cuba with install ed 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
FORWARD-LOOKING STATEMENTS
Certain statements and other information included in this press release 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”, “m ay”, “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, plans and estimated production amounts resulting from
expansion of mining operations at the Moa Joint Venture; the anticipated completion and expected benefits
of the Moa Joint Venture tailings project; potential GHG emission reductions; cost savings from identifying
climate-related risks and opportunities; and the Corporation’s goal to obtain The Nickel Mark award . The
Corporation cautions readers of this press release not to place undue reliance on any forward -looking
statement as a number of factors coul d 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, including
without limitation the “Managing Risk” section of the Management’s Discussion and for the three and six
months ended June 30, 2025 and the Annual Information Form of the Corporation dated March 24, 2025
for the period ending December 31, 2024, 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.