Business
Sherritt Issues Letter to Shareholders Highlighting Imminent Threat From a Reckless and Self-Interested Shareholder SC2 Inc., an Affiliate of Seablinc Canada Inc., a Significant Supplier to Sherritt's Moa Joint Venture
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED ST...
About this update from Sherritt International Corporation
[{"type":"text","content":"Sherritt Issues Letter to Shareholders Highlighting Imminent Threat From a Reckless and Self-Interested Shareholder SC2 Inc., an Affiliate of Seablinc Canada Inc., a Significant Supplier to Sherritt’s Moa Joint Venture\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwlistsquare { list-style-type: square }\n.bwpadl0 { padding-left: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignt { vertical-align: top }\n \n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES\n \n\n OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n\n Warning: SC2 Inc. aims to control Sherritt for its own gain, without offering a credible plan or a premium, risking the Corporation’s financial wellbeing and strategic progress\n \n\n\n\n Leading independent proxy advisor Glass Lewis recommends shareholders vote\n \n FOR\n \n all resolution\n \n\n s\n \n (1)\n \n\n\n\n\n Sherritt’s Board urges shareholders to vote\n \n FOR\n \n all resolutions and nominees well in advance of the proxy voting deadline on Friday, June 6, 2025, at 10:00 a.m. (Eastern Time)\n \n\n\n\n For assistance voting, contact Kingsdale Advisors at 1-866-229-8263 (toll-free in North America) or (437) 561-5030 (text and collect calls outside of North America) or at\n \n [email protected]\n \n\n\n\n\n For more detailed information, including the full shareholder letter, please visit\n \n https://www.sherrittagm.com/\n \n\n\n\n\n\n\n Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S), a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition – today issued a letter to shareholders ahead of its Annual and Special Meeting of Shareholders.\n \n\n The letter exposes that SC2 Inc. (“SC2”) is not a typical shareholder. It was created solely to obscure the fact that it is Seablinc Canada Inc. (“Seablinc”) behind this campaign. Seablinc is a significant supplier to Sherritt’s Moa Joint Venture, employing a small...