Sherritt Feedback on Press Launch Concerning Recapitalization Proposal

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TORONTO — Sherritt Worldwide Company (“Sherritt” or the “Company”) (TSX:S) at present confirms receipt of an unsolicited, non-binding proposal from a consortium comprised of Kyma Capital, Glencore Ltd. and a United States anchor investor (collectively, the “Consortium”). The Company cautions stakeholders that the Consortium’s proposal is non-binding, conditional and isn’t at the moment executable.

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Sherritt will tackle all proposals from present or potential stakeholders and its board will think about them in accordance with its fiduciary duties. Sherritt’s stakeholders ought to train warning when evaluating info from any supply, significantly info disseminated by third events who might not have information of, or might not current, the constraints to which Sherritt is topic.

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Sherritt will proceed to have interaction with its stakeholders because it navigates the numerous challenges that it faces. Sherritt will present factual updates as developments warrant, in accordance with relevant securities legal guidelines. Sherritt doesn’t intend to make additional public bulletins concerning rumours or hypothesis until it determines that disclosure is in the very best curiosity of its stakeholders and in accordance with the necessities of relevant legislation.

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About Sherritt

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Sherritt is a world chief in utilizing hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed essential for the vitality transition. Leveraging its technical experience and many years of expertise in essential minerals processing, Sherritt is dedicated to increasing home refining capability and decreasing reliance on overseas sources. The Company operates a strategically essential refinery in Alberta, Canada, acknowledged as the one important cobalt refinery and certainly one of simply three nickel refineries in North America.

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Sherritt’s widespread shares are listed on the Toronto Inventory Trade below the image “S”.

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Ahead-Trying Statements

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Sure statements and different info included on this press launch might represent “ahead -looking info” or “forward-looking statements” (collectively, “forward-looking statements”) below relevant securities legal guidelines (such statements are sometimes accompanied by phrases akin to “anticipate”, “forecast”, “count on”, “consider”, “might”, “will”, “ought to”, “estimate”, “intend” or different comparable phrases).

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All statements on this press launch, aside from these referring to historic info, are forward-looking statements. Ahead-looking statements on this press launch embrace, with out limitation, statements concerning the proposal from the Consortium (or every other proposal or potential transaction).

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The Company cautions readers of this press launch to not place undue reliance on any forward-looking assertion as numerous elements might trigger precise future outcomes, circumstances, actions or occasions to vary materially from the targets, expectations, estimates or intentions expressed within the forward-looking statements. Such elements embrace, with out limitation, continued dangers associated to Sherritt’s operations in Cuba and future actions taken by the U.S. authorities towards Cuba, together with with respect to the U.S. administration’s Might 1, 2026 Government Order increasing sanctions in opposition to Cuba; stage of liquidity of Sherritt, together with entry to capital and financing; the Company’s capability to barter and finalize a definitive settlement in respect of a recapitalization transaction, together with the completion and timing thereof, the phrases on which it might be accomplished and the receipt of all required approvals; the Company’s capability to restart its enterprise and restore regular operations, together with the flexibility to acquire restart financing; the chance to or lack of Sherritt’s entitlements to future distributions (together with pursuant to the Cobalt Swap) from the Moa JV; the shortcoming of the Company to adjust to debt restrictions and covenants; the shortcoming of the Company to adjust to the itemizing necessities of the Toronto Inventory Trade or one other acknowledged inventory alternate; uncertainty within the capability of the Company to implement authorized rights in overseas jurisdictions; uncertainty concerning the interpretation and/or software of the relevant legal guidelines in overseas jurisdictions; tax dangers; political, financial and different dangers of overseas operations; safety market fluctuations and value volatility; dangers associated to environmental liabilities together with legal responsibility for reclamation prices, tailings facility failures and poisonous gasoline releases; compliance with relevant surroundings, well being and security laws and different related issues; dangers related to governmental rules concerning local weather change and greenhouse gasoline emissions; dangers referring to group relations; sustaining social license to develop and function; dangers related to the operation of huge initiatives typically; the flexibility to interchange depleted mineral reserves; dangers related to the Company’s three way partnership companions; dangers related to mining, processing and refining actions; reliance on key personnel and expert staff; dangers associated to the Company’s company construction; overseas alternate and pricing dangers; credit score dangers; future market entry; rate of interest adjustments; dangers in acquiring insurance coverage; uncertainties in labour relations; authorized contingencies; dangers associated to the Company’s accounting insurance policies; uncertainty within the capability of the Company to acquire authorities permits; failure to adjust to, or adjustments to, relevant authorities rules. The important thing dangers and uncertainties must be thought-about along with the chance elements described within the Company’s different paperwork filed with the Canadian securities authorities, together with with out limitation the “Managing Threat” part of the Administration’s Dialogue and Evaluation for the three months ended March 31, 2026, the “Managing Threat” part of the Administration’s Dialogue and Evaluation for the three months and yr ended December 31, 2025 and the Annual Data Type of the Company dated March 23, 2026 for the interval ending December 31, 2025, every of which is out there on SEDAR+ at www.sedarplus.ca. The forward-looking info and statements contained on this press launch are made as of the date hereof and the Company undertakes no obligation to replace publicly or revise any oral or written forward-looking info or statements, whether or not because of new info, future occasions or in any other case, besides as required by relevant securities legal guidelines. The forward-looking info and statements contained herein are expressly certified of their entirety by this cautionary assertion.

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View supply model on businesswire.com:

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https://www.businesswire.com/information/residence/20260810615687/en/

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Sherritt Feedback on Press Launch Concerning Recapitalization Proposal

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