TORONTO, August 19 — Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) today responded to the latest tactics of Kyma Capital Limited (“Kyma”) and its purported calling of a special meeting of the shareholders of the Corporation for September 29, 2026.
Kyma is not entitled to call a meeting of the Corporation’s shareholders and its assertion of setting a September meeting date is inappropriate and invalid given that the Corporation has already set a meeting date of December 15, 2026 for a combined annual and requisitioned special meeting. Sherritt is evaluating all appropriate action to be taken in response to today’s announcement by Kyma.
Furthermore, Kyma is seeking to initiate court proceedings against the Corporation to try and force a meeting date in September, with an initial case conference set for August 19, yet has proceeded with announcing a September meeting date in total disregard for the court’s process.
As previously announced, and as communicated to Kyma, the determination of the December 15, 2026 meeting date was informed by, among other considerations, the Corporation’s ongoing discussions regarding the potential transaction contemplated by the non-binding term sheet with Gillon Capital, LLC and the Corporation’s ongoing efforts to engage and present an auditor for appointment at the meeting.
The ongoing and increasingly aggressive public attacks by Kyma against the Corporation have the potential to jeopardize the very important initiatives underway to navigate the significant challenges that Sherritt is currently facing.