Sherritt Appoints Dr. Peter Hancock to its Board of Directors

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt International Corporation ("Sherritt") (TSX:S), a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, announced that Dr. Peter Hancock, a mining industry executive with more than 30 years of experience overseeing nickel mining operations, developing and commercializing process technologies, and ramping up nickel projects, has been appointed to Sherritt's Board of Directors effective today.

"We are delighted to have someone of Peter's calibre and considerable experience join our Board," said Sir Richard Lapthorne, Chair of Sherritt International. "In particular, his efforts in commissioning and ramping up Koniambo as well as operationalizing a number of process technologies while with Noranda will be invaluable as we accelerate Sherritt's two-pronged growth strategy centred on growing production and commercializing solutions developed by our Technologies group. With Tim Baker stepping down from the Board earlier this year, Peter's technical skills and experience overseeing nickel operations will be valuable as we execute on our strategy. We look forward to Peter's many contributions to our Board."

Over this 32-year career, Dr. Hancock has held several senior leadership roles at leading mining companies around the world, including overseeing Glencore's nickel assets in Australia, serving as President of Koniambo Nickel SAS in New Caledonia, and overseeing Technology and Business Development at Noranda's Zinc Business in Canada. Dr. Hancock earned a Ph.D in Metallurgical Engineering from McGill University in 1995. Dr. Hancock is currently based in Halifax, Nova Scotia.

About Sherritt Sherritt is a world leader in the mining and refining of nickel and cobalt metals essential for the growing adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value. Sherritt is also the largest independent energy producer in Cuba. Sherritt's common shares are listed on the Toronto Stock Exchange under the symbol "S".

For more information, please contact:
Joe Racanelli, Director of Investor Relations
Telephone: 416-935-2457
Email: joe.racanelli@sherritt.com
www.sherritt.com

News Provided by Business Wire via QuoteMedia

The Conversation (0)
Wooden seesaw with "supply" and "demand" blocks, tilting towards demand.

Cobalt Market Update: Q2 2025 in Review

Cobalt prices remained elevated through the second quarter of 2025 after making a dramatic price surge early in the year.

The market tailwinds were largely attributed to the Democratic Republic of Congo’s (DRC) ongoing export ban on cobalt hydroxide.

First announced in February, the ban sparked a sharp price rally by mid-month, pushing standard-grade cobalt metal as high as US$15.75 per pound and lifting monthly averages by 45 percent, its most bullish move since 2022.

Keep reading...Show less
A lithium-ion battery in the foreground with a line of batteries in the background, all surrounded by blue swirls.

ASX Cobalt Stocks: 4 Biggest Companies in 2025

After spending much of the last two years trending downwards, the cobalt price is up in 2025.

About 75 percent of global cobalt output comes from the Democratic Republic of the Congo (DRC). While electric vehicle (EV) demand has remained positive, cobalt oversupply has weighed on markets and hurt efforts to build supply chains outside of the DRC.

However, the country banned exports of cobalt in February in an effort to increase the metal's falling price. By mid-March, cobalt had spiked to US$36,170 per tonne, up more than 65 percent from its record-low price of US$21,550 hit in late January. Heading into the second half of the year, cobalt prices have managed to stay above the US$33,000 level.

Increasing electric vehicle (EV) and lithium-ion battery demand is expected to be supportive for key battery raw materials in the coming years. This means that as demand for EVs increases, so too will demand for cobalt — and, as one of the top four cobalt-producing countries in the world, Australia finds itself in a position to capitalise on this demand.

Keep reading...Show less
Closeup of vibrant blue crystals on a textured surface.

Cobalt Blue's Broken Hill Project Gets Major Project Status Extension

Cobalt Blue Holdings' (ASX:COB) Broken Hill cobalt project has received a further three years of major project status.

The extension of major project status for Broken Hill follows the project's initial designation originally granted in March 2022, and supports the continued development of this key asset in remote western New South Wales.

The project spans approximately 37 square kilometres.

Keep reading...Show less
Democratic Republic of Congo flag.

Cobalt Prices Surge as DRC Extends Export Ban to September

Cobalt prices are surging after the Democratic Republic of Congo (DRC), the world’s largest producer, extended its export ban by three months in a bid to address global oversupply and stabilize plunging prices.

According to the Financial Times, cobalt prices on China’s Wuxi Stainless Steel Exchange rose nearly 10 percent after the DRC government announced the news over the weekend.

The ban — originally set to expire on Monday (June 23) — will now remain in effect until at least September.

Keep reading...Show less
Electric car charging, wind turbine and cityscape double exposure.

Cobalt Market Update: Q1 2025 in Review

Cobalt metal prices fell to a nine year low in February after another year of oversupply, but rebounded sharply after the Democratic Republic of Congo (DRC) instituted a four month export pause for the critical metal.

After starting the year at US$24,495 per metric ton, cobalt ended the three month period at US$34,040.40, a strong 39 percent increase from January’s value. The price spread between cobalt’s first quarter low of US$21,467.70 on January 29 and its Q1 high of US$36,262 on March 17 is even more impressive at 69 percent.

The drop to US$21,467.70 marked the battery metal's lowest level since February 2016.

Keep reading...Show less

Latest Press Releases

Related News

×