Sherritt International Corp. today announced that Sir Richard Lapthorne, Chairman of the Board of Directors , has advised the Corporation that his previously announced retirement will be effective today due to personal reasons. Sir Richard has served as Chairman of the Board since June 2019. Over that time, the Corporation has undergone significant transformation, strengthening its balance sheet, advancing operational [...]
Sherritt International Corp. , a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt - metals deemed critical for the energy transition - today reported that Institutional Shareholder Services Inc. has recommended that shareholders vote FOR all resolutions and director nominees ahead of the upcoming Annual and Special Meeting of Shareholders. ISS is a leading independent proxy advisor [...]
Sherritt International Corp. , a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt - metals deemed critical for the energy transition - today reported that Institutional Shareholder Services Inc. has recommended that shareholders vote FOR all resolutions and director nominees ahead of the upcoming Annual and Special Meeting of Shareholders. ISS is a leading independent proxy advisor [...]
Sherritt International issued a letter to shareholders ahead of its Annual and Special Meeting of Shareholders. The letter exposes that SC2 Inc. is not a typical shareholder. It was created solely to obscure the fact that it is Seablinc Canada Inc. behind this campaign. Seablinc is a significant supplier to Sherritt's Moa Joint Venture, employing a small team that includes former Sherritt procurement staff. The letter [...]
SC2 Inc. , a significant shareholder of Sherritt International Corp. , today announced that it will vote against the say-on-pay resolution proposed by the board of directors, and against the election of all nominated directors at the Company's upcoming Annual and Special Meeting on June 10, 2025, with the exception of Richard Moat, who is being nominated for election for the first time. SC2, owning approximately 8.07% of [...]
Sherritt International Corporation , a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt - metals deemed critical for the energy transition - today reported its financial results for the three months ended March 31, 2025. All amounts are in Canadian dollars unless otherwise noted. Leon Binedell, President and CEO of Sherritt commented, "We kicked off this year delivering key strategic [...]
Sherritt International Corp. is pleased to announce the appointment of Richard Moat to its Board of Directors effective today. Mr. Moat joins the Board as part of the investor rights agreement with a shareholder holding more than 10% of the Corporation's outstanding common shares. He will succeed Steven Goldman who is not seeking re-election at the Corporation's upcoming 2025 shareholder meeting on June 10th. "Richard's [...]
Sherritt International Corp. announced today that it has completed its previously announced transaction to extend the maturities of the Corporation's notes obligations, reduce outstanding indebtedness and annual interest expense, and strengthen the Corporation's capital structure pursuant to which, among other things, the Corporation's previously outstanding 8.50% senior second lien secured notes due 2026 in a principal [...]
Sherritt International Corp. will release its first quarter 2025 results after market close on May 13, 2025. Senior management will host a conference call and webcast on May 14, 2025 at 10:00 am ET to review Sherritt's first quarter 2025 financial and operational performance. Dial-in and Webcast Details: North America dial-in number: 1 717-1738 Passcode: 94057 International dial-in number: 1 514-5100 Passcode: 94057 [...]
Sherritt International Corp. announced today that, in connection with the Corporation's previously announced transaction to extend the maturities of the Corporation's notes obligations and strengthen the Corporation's capital structure , the Corporation has obtained a final order from the Ontario Superior Court of Justice approving the plan of arrangement under the Canada Business Corporations Act pursuant to which the [...]
Sherritt International Corp. announced today that holders of the Corporation's outstanding 8.50% senior second lien secured notes due November 30, 2026 and holders of the Corporation's outstanding 10.75% unsecured PIK option notes due August 31, 2029 approved, at separate meetings of the Senior Secured Noteholders and Junior Noteholders held today, the Corporation's previously announced transaction to extend the [...]
Sherritt International Corp. announced today an update on the level of support received from Noteholders in connection with Sherritt's previously announced transaction to extend the maturities of the Corporation's note obligations and strengthen the Corporation's capital structure to be implemented pursuant to a corporate plan of arrangement, as amended, under the Canada Business Corporations Act . The CBCA Transaction is [...]
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