Business
Sherritt Provides Update on Governance Matters and Timing of Q1 Results
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES...
About this update from Sherritt International Corporation
[{"type":"text","content":"Sherritt Provides Update on Governance Matters and Timing of Q1 Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n\n 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.\n \n\n 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\n \n Canada Business Corporations Act\n \n (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.\n \n\n 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.\n \n\n Sherritt will continue to consult with its advisors and stakeholders as it assesses the implications of the Executive Order.\n \n\n\n About Sherritt\n \n\n\n 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 refine...