Battery Metals

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Sherritt International Corporation will release its first quarter 2021 financial results after market close on April 28, 2021. Senior management will host a conference call and webcast on April 29, 2021 at 10:00 am ET to review Sherritt’s first quarter financial and operational performance. Please dial in 15 minutes ...

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

Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX:S) will release its first quarter 2021 financial results after market close on April 28, 2021. Senior management will host a conference call and webcast on April 29, 2021 at 10:00 am ET to review Sherritt's first quarter financial and operational performance.

Dial-in and Webcast Details:

North America dial-in number:

1 (866) 521-4909

International dial-in number:

(647) 427-2311

Webcast and slide presentation:

www.sherritt.com

Please dial in 15 minutes before the start of the conference to secure a line and avoid delays. Alternatively, listeners will be able to access the conference call via the webcast available on Sherritt's website.

A copy of the webcast and replay of the conference call will be available on the website following the presentation.

About Sherritt

Sherritt is a world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada and Cuba. The Corporation is the largest independent energy producer in Cuba with power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation's common shares are listed on the Toronto Stock Exchange under the symbol "S".

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

News Provided by Business Wire via QuoteMedia

Higher Nickel and Cobalt Prices Drive Sherritt's Strong First 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 months ended March 31, 2022. All amounts are in Canadian currency unless otherwise noted.

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(TheNewswire)

Canada Silver Cobalt Works Inc.

The Eby-Otto property is located in a prime geological setting with mineralized veins identified at surface, and is proximal to both the Cadillac-Larder Lake Break and an existing high-grade gold mine.

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(TheNewswire)

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HIGHLIGHTS
  • Cobalt is an essential ingredient in long range electric vehicle batteries and the U.S. automotive industry is entirely reliant on foreign supplies of this critical mineral

  • Five of six exploration holes drilled in the most recent drill campaign intersected high grade cobalt mineralization, including:

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    • 2.4 metres at 0.2% cobalt in hole IC21-05A
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"As expected, drill results on the eastern side of the deposit confirm that the mineralized system has considerable growth potential along strike and at depth" said Dan Pace , Principal Geologist. "Additional drilling to the east of Iron Creek will target zones where the cobalt mineralization may thicken in structural traps. Drilling is also planned for the Ruby zone located 1.5 kilometers to the southeast, where cobalt mineralization can be traced for approximately 300 meters on surface, with 27 surface rock chip samples with assays of up to 0.9%."

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As previously announced on April 29, 2022, the Annual Filings delay results from additional audit work required to restate certain 2020 fiscal year transactions, primarily related to the ESI Energy Services Inc. common control acquisition. The Company intends to file its 2021 financial statements along with restated 2020 comparative information. The restatement of the 2020 financial statements is not expected to have an impact on cash or reported loss from continuing operations for the period.

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