Battery Metals

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Sherritt International Corporation ("Sherritt") (TSX:S), a leader in the mining and refining of nickel and cobalt, today announced that Leon Binedell has been appointed to the Corporation's Board of Directors. Mr. Binedell, a 25-year mining industry veteran with a history of building shareholder value, was named Sherritt President and CEO effective June 1, 2021.

Originally from South Africa, Mr. Binedell brings 25 years of industry experience in leading global mining companies and adjacent joint ventures. Previously, he worked as Chief Financial Officer of Guyana Goldfields Inc. ("Guyana Goldfields"), a Canadian-based gold producer focused on gold deposits in Guyana. During his tenure with Guyana Goldfields, Mr. Binedell was instrumental in maximizing shareholder value and ensured stability through the effective recruitment of team members, the renegotiation of all major operating and supply contracts and the development of finance and governance practices that guided Guyana Goldfields through its successful sale.

Mr. Binedell has also served in a variety of senior leadership roles at other leading mining companies, including nickel and other base metals businesses. Prior to joining Guyana Goldfields, he served as Finance Operating Executive with Resource Capital Funds, a leading private equity fund focused on the mining sector and the commercialization of mining innovation. In his role, he advised a portfolio of 25 companies representing $2 billion in assets under management that spanned seven commodities and mining related innovations across eight countries on improving their overall strategies, financial performance and finance practices. Additional sector experience includes his time as National Leader of Finance Consulting in Mining & Energy at PricewaterhouseCoopers LLP, General Manager of Business Services at Xstrata Nickel (now Glencore) and Chief Financial Officer at Koniambo Nickel SAS.

With Mr. Binedell's appointment, David Pathe, Sherritt's former President and CEO, has stepped down from Sherritt's Board.

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".

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

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Battery Mineral Resources Corp.

Battery Mineral Resources Corp.

Battery Mineral Resources Corp is a multi-commodity resource company. It holds resource interests including cobalt, lithium, and graphite properties. The company is engaged in the discovery, acquisition and development of battery metals and precious metals mining projects in Canada with additional cobalt, lithium and graphite projects in the United States and South Korea.

Star Diamond Corporation

Star Diamond Corporation

Star Diamond Corp is a Canadian natural resource company. The principal activities of the company are the exploration, development, and production of diamonds. The company owns an interest in the Star-Orion South Diamond project, and Fort a la Corne Diamond District properties located in central Saskatchewan; and Buffalo Hills property located in the northwest of Edmonton.

cobalt on periodic table

Cobalt Market Update: Q2 2022 in Review

Click here to read the previous cobalt market update.

Battery metals continue to make headlines as interest in electric vehicles (EVs) keeps surging.

The first three months of 2022 saw strong demand for cobalt, which supported higher prices, with cobalt stocks also seeing year-to-date gains. However, prices cooled down in Q2 as various factors hit the market.

Read on to learn what happened in the cobalt market in the second quarter, including the main supply and demand dynamics and what market participants are expecting for the rest of the year.

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Top 10 Cobalt Producers by Country (Updated 2022)

Top 10 Cobalt Producers by Country (Updated 2022)

The cobalt market is facing high demand, but analysts advise that production is also on the rise.

One of the metal’s main catalysts is excitement about electric vehicles (EVs). The lithium-ion batteries that power EVs require lithium, graphite and cobalt, among other raw materials, and demand for these important commodities is expected to keep rising as the shift toward clean technologies continues.

Given those circumstances, it’s particularly interesting to look at the top cobalt producers by country. According to the US Geological Survey, global production increased by nearly 20 percent in 2021 to hit 170,000 metric tons (MT) — that's up from 142,000 MT the previous year. Read on for a closer look at cobalt supply.

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NextSource Materials Inc.

NextSource Materials Inc.

NextSource Materials Inc is a strategic materials development company based in Toronto, Canada. The company's Molo graphite project in Madagascar is one of the largest known and highest-quality graphite deposits globally, and contains SuperFlake graphite.

Higher Nickel, Cobalt and Fertilizer Prices Drive Sherritt's Strong Second Quarter Results

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Sherritt International Corporation ("Sherritt", the "Corporation", the "Company") (TSX: S), a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, today reported its financial results for the three and six months ended June 30, 2022. All amounts are in Canadian currency unless otherwise noted.

News Provided by Business Wire via QuoteMedia

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