{"id":5612,"date":"2026-05-14T04:30:00","date_gmt":"2026-05-14T02:30:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=b0bbe8f254fa4a853d85fdc1fd6f3572"},"modified":"2026-05-14T04:30:00","modified_gmt":"2026-05-14T02:30:00","slug":"sherritt-provides-update-on-various-matters-including-resignation-of-cfo-and-auditor","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=5612","title":{"rendered":"Sherritt Provides Update on Various Matters including Resignation of CFO and Auditor"},"content":{"rendered":"

TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (\u201cSherritt\u201d or the \u201cCorporation\u201d) (TSX:S) announces that Deloitte LLP has formally resigned as the Corporation\u2019s external auditor, effective May 12, 2026. The resignation was not the result of any disagreement between the Corporation and Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. Deloitte\u2019s reports on the Corporation\u2019s previously issued financial statements did not contain any adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope, or accounting principles. Sherritt has commenced a request for proposal process for external audit services to identify a successor auditor. However, the Executive Order (as defined below) may affect the availability of, or willingness of, certain external audit firms to accept an engagement with the Corporation and may lengthen the time required to identify and appoint a successor auditor.<\/p><\/a><\/a>

\nThe Corporation also announces that Yasmin Gabriel has resigned as Chief Financial Officer of the Corporation, effective today. The Corporation thanks Ms. Gabriel for her many years of committed service and valued contributions and wishes her well in her future endeavors.<\/p>

\nFiling of Quarterly Financial Statements<\/b><\/p>

\nAs a result of the foregoing developments, the Corporation anticipates that it will be unable to file its first quarter 2026 financial statements, management\u2019s discussion and analysis and related officer certifications on May 15, 2026. Accordingly, it anticipates that the Ontario Securities Commission will issue a Failure to File Cease Trade Order (\u201cFFCTO\u201d). The FFCTO would prohibit trading in the Corporation\u2019s securities in Canada, including through the Toronto Stock Exchange, and would remain in effect until the required documents are filed.<\/p>

\nSherritt\u2019s ability to complete its quarterly filings has been constrained by the above-noted resignations and by recent operational and governance disruptions as a result of the U.S. administration\u2019s issuance of an Executive Order on May 1, 2026 expanding sanctions against Cuba (the \u201cExecutive Order\u201d).<\/p>

\nThe Corporation is seeking to mitigate these constraints and will continue to provide information on material developments to its shareholders and other stakeholders.<\/p>

\nAbout Sherritt<\/b><\/p>

\nSherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt \u2013 metals deemed critical for the energy transition. Leveraging its technical expertise and decades of experience in critical minerals processing, Sherritt is committed to expanding domestic refining capacity and reducing reliance on foreign sources. The Corporation operates a strategically important refinery in Alberta, Canada, recognized as the only significant cobalt refinery and one of just three nickel refineries in North America.<\/p>

\nSherritt\u2019s common shares are listed on the Toronto Stock Exchange under the symbol \u201cS\u201d.<\/p>

\nForward-Looking Statements<\/i><\/b><\/p>

\nCertain statements and other information included in this press release may constitute \u201cforward -looking information\u201d or \u201cforward-looking statements\u201d (collectively, \u201cforward-looking statements\u201d) under applicable securities laws (such statements are often accompanied by words such as \u201canticipate\u201d, \u201cforecast\u201d, \u201cexpect\u201d, \u201cbelieve\u201d, \u201cmay\u201d, \u201cwill\u201d, \u201cshould\u201d, \u201cestimate\u201d, \u201cintend\u201d 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 request for proposal process; the appointment of a new external auditor; the Corporation\u2019s first quarter 2026 financial results; and the issuance of the FFCTO.<\/i><\/p>

\nThe Corporation cautions readers of this press release not to place undue reliance on any forward-looking statement as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements. The key risks and uncertainties should be considered in conjunction with the risk factors described in the Corporation\u2019s other documents filed with the Canadian securities authorities, including without limitation the \u201cManaging Risk\u201d section of the Management\u2019s Discussion and Analysis for the three months and year ended December 31, 2025 and the Annual Information Form of the Corporation dated March 23, 2026 for the period ending December 31, 2025, which is available on SEDAR+ at www.sedarplus.ca<\/a>. The forward-looking information and statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any oral or written forward-looking information or statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.<\/i><\/p> Contacts<\/b>

\nFor further information, please contact:<\/p>

\nInvestor Relations\nEmail: investor@sherritt.com<\/a>Telephone: (416) 935-2451\nwww.sherritt.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

TORONTO–(BUSINESS WIRE)–Sherritt International Corporation (\u201cSherritt\u201d or the \u201cCorporation\u201d) (TSX:S) announces that Deloitte LLP has formally resigned as the Corporation\u2019s external auditor, effective May 12, 2026. The resignation was not the result o…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5612","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5612"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5612\/revisions"}],"predecessor-version":[{"id":5613,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/5612\/revisions\/5613"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}