Sherritt Releases its 2023 Sustainability Reports

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

Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX: S) is pleased to announce the release of its 2023 Sustainability Disclosures, including its Annual Sustainability Report, Climate Report, Tailings Management Report and Sustainability Scorecard outlining the Corporation's performance on environmental, social, and governance ("ESG") matters.

"Our 2023 Sustainability Report marks Sherritt's 16th year of sustainability reporting, demonstrating how sustainability is embedded into every facet of our business, from our strategic planning to our daily operations," said Leon Binedell, President and CEO of Sherritt. "In 2023, we made significant progress toward our ESG goals and maintained our standing as a preferred supplier of responsibly produced critical minerals among our customers. Looking forward, we are committed to enhancing safety performance across all our operations, further reducing our carbon intensity, and making a lasting positive impact in the communities in which we operate."

Highlights from Sherritt's 2023 sustainability reports include:

  • Achieved ISO 14001 (Environmental Management Systems) and ISO 45001 (Occupational Health and Safety Management Systems) Certification at the Fort Site;
  • Maintained 100% alignment with the Organisation for Economic Co-operation and Development's (OECD) 5-Step Framework and maintained conformity with the LME's Track B Responsible Sourcing Requirements;
  • Received independent verification that its minerals are not associated with conflict, or risks such as human rights abuses, forced labour, or corruption;
  • Completed a climate risk and opportunity assessment for operations at Energas S.A.;
  • Initiated baseline energy and greenhouse gas emission assessments of the Moa Nickel S.A. site and Fort Site operations, which were subsequently completed in the first half of 2024;
  • Continued to investigate a carbon capture, utilization and storage project at the Fort Site in line with regulator and project sponsor advancements;
  • Provided approximately $1 million of support to local community investment projects in 2023; and
  • Continued to support long-term community development project partnerships with UNICEF and Cowater in Cuba, and the Northern Alberta Institute of Technology in Canada.

Sherritt's 2023 Sustainability Report was prepared with reference to the Global Reporting Initiative's (GRI) and Sustainability Accounting Standards Board (SASB) disclosure standards.

Sherritt's 2023 Sustainability Report, Climate Report, Tailings Management Report and Sustainability Scorecard are available on Sherritt's website at www.sherritt.com .

About Sherritt International

Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Sherritt's Moa Joint Venture has a current estimated mine life of 25 years and has embarked on an expansion program focused on increasing annual mixed sulphide precipitate production by 20% of contained nickel and cobalt. The Corporation's Power division, through its ownership in Energas S.A., is the largest independent energy producer in Cuba with installed electrical generating capacity of 506 MW, representing approximately 10% of the national electrical generating capacity in Cuba. The Energas facilities are comprised of two combined cycle plants that produce low-cost electricity from one of the lowest carbon emitting sources of power in Cuba. Sherritt's common shares are listed on the Toronto Stock Exchange under the symbol "S".

Tom Halton
Director, Investor Relations and Corporate Affairs
Email: investor@sherritt.com
Telephone: (416) 935-2451
www.sherritt.com

News Provided by Business Wire via QuoteMedia

S:CA,SHERF
The Conversation (0)
Fortune Minerals President and CEO Robin Goad.

Fortune Minerals Advancing NICO Project to Mine Construction Decision in 2026

Fortune Minerals (TSX:FT,OTCQB:FTMDF) is advancing its NICO cobalt-gold-bismuth-copper-critical minerals project in Canada toward a project construction decision by late 2026. Robin Goad, president and CEO, shared how government funding has been essential to advancing the NICO project.Fortune... Keep Reading...
Aerial view of a cargo ship with colorful containers in vibrant blue ocean.

DRC to End Cobalt Export Ban, Move to Quota System

The Democratic Republic of Congo (DRC) announced it will lift its eight month cobalt export ban on October 16, replacing it with annual quotas designed to stabilize global supply and prices.Bloomberg reported that the country's Authority for the Regulation and Control of Strategic Mineral... Keep Reading...
The cobalt periodic symbol with a rainbow in the background.

Top 5 Canadian Cobalt Stocks of 2025

Cobalt prices remained elevated through the year's second quarter, holding strong after a sharp early year rally triggered by the Democratic Republic of Congo’s (DRC) export ban on cobalt hydroxide. Announced in February, the restriction quickly pushed standard-grade cobalt metal up 45 percent... Keep Reading...
Wooden seesaw with "supply" and "demand" blocks, tilting towards demand.

Cobalt Market Update: Q2 2025 in Review

Cobalt prices remained elevated through Q2 after a dramatic price surge early in the year. The tailwinds were largely attributed to the Democratic Republic of Congo’s (DRC) export ban on cobalt hydroxide. First announced in February, the ban sparked a sharp price rally by mid-month, pushing... Keep Reading...
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 of 2025

After spending much of the last two years trending downward, cobalt prices are up in 2025.About 75 percent of global cobalt output comes from the Democratic Republic of the Congo (DRC), and in February the country banned exports of cobalt in an effort to increase the metal's falling price. By... Keep Reading...

Latest Press Releases

Related News