TORONTO — Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) has issued a formal response to recent actions taken by Kyma Capital Limited (“Kyma”), specifically regarding Kyma’s unauthorized attempt to call a special meeting of shareholders scheduled for September 29, 2026.
Sherritt maintains that Kyma lacks the legal authority to convene a meeting of the Corporation’s shareholders. The Corporation asserts that Kyma’s claim of setting a September meeting date is both invalid and inappropriate, particularly as the Corporation has already scheduled a combined annual and requisitioned special meeting for December 15, 2026. Sherritt is currently evaluating all necessary legal actions to address Kyma’s recent announcement.
Furthermore, Sherritt noted that Kyma is attempting to initiate court proceedings to force a September meeting date—with an initial case conference scheduled for August 19—yet has proceeded to announce a September meeting in direct defiance of the established judicial process.
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As previously stated to Kyma, the decision to hold the meeting on December 15, 2026, was based on several critical factors. These include ongoing discussions regarding a potential transaction outlined in a non-binding term sheet with Gillon Capital, LLC, as well as the Corporation’s efforts to appoint an auditor at the upcoming meeting.
Sherritt warned that Kyma’s increasingly aggressive and public campaign against the Corporation risks jeopardizing essential initiatives designed to navigate the significant challenges currently facing the company.
About Sherritt
Sherritt is a global leader in hydrometallurgical processes for mining and refining nickel and cobalt—metals essential for the energy transition. Utilizing extensive technical expertise and decades of experience in critical minerals processing, Sherritt is dedicated to expanding domestic refining capacity and reducing dependence on foreign sources. The Corporation operates a strategically vital refinery in Alberta, Canada, which is recognized as the only significant cobalt refinery and one of only three nickel refineries in North America.
Sherritt’s common shares are traded on the Toronto Stock Exchange under the symbol “S”.
Forward-Looking Statements
Certain statements and other information included in this press release may constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) under applicable securities laws (such statements are often accompanied by words such as “anticipate”, “forecast”, “expect”, “believe”, “may”, “will”, “should”, “estimate”, “intend” or other similar words).
All statements in this press release, other than those relating to historical information, are forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the actions the Corporation may take in respect of the requisitioned special meeting, the Corporation’s ongoing discussions regarding the potential transaction contemplated by the non-binding term sheet with Gillon Capital, LLC, the Corporation’s efforts to present an auditor for appointment at the combined annual and requisitioned special meeting, the timing of the Corporation’s combined annual and requisitioned special meeting, and the Corporation’s initiatives to address the challenges currently facing the Corporation.
